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This guy speaks truth.
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@farcaster so is farcaster a protocol, a social network, or both? Where is all data from Warpcast stored? On the blockchain, or on private servers? To my understanding, Warpcast is merely a wallet gated social network, with none of the actual data stored on the blockchain. The wallet is merely associated with a FID.
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It’s not a memecoin when the community is formed after the token is released. Thats a cash grab. Created then sold in very small, completely controlled and manipulated markets, and shilled by those with an appearance of popularity and influence on social media. They serve a purpose. But not to the majority.
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