Farcaster and other blockchain based social networks solve the problems inherent to existing, corporate social media platforms- 
Difficultly balancing free speech and censorship, prioritizing corporate interests over those of their users, and not allowing the creators who are generating all the value for these platforms to own their audience or their content.

When users own their identity and social graph, social network lock in goes away, so apps (like warpcast) have to work harder to retain users.

Empowering users to own their identity and content is crucial in reshaping the social media landscape. Blockchain-based platforms like Farcaster offer a solution to the issues of censorship and corporate control. By prioritizing user ownership, these networks pave the way for a more transparent and user-centric online experience. 