
rushil
@rush
342 Following
551 Followers
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ok lemme get this straight. so farcaster is a protocol. back when pets.com was a thing, companies deployed software using protocols ttp, https, and smtp (if they were smart). Then the 2000 web bubble crashed because of the bandwagons and grifters. Then 2008 housing bubble crashes because of incompetent bankers and landlords. This causes someone to solve the Byzantine problem, which provides a blockchain as a solution. Currency becomes the premise of blockchains to replace reliance of banks and gold, but people found blockchains are technology that allows for digital scarcity within an abundant spaces (the internet, which is just a copy machine fundamentally). Then comes Ethereum, becoming a general purpose version of a blockchain by introducing smart contracts. Fast forward to farcaster using the tech to become a protocol, but with monetary and AI capabilities baked into its software. Not to mention, it’s still shit (yet), same with ethereum, and bitcoin has yet to enter the mainstream. what I miss? 0 reply
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