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balajis
@balajis.eth
FARCASTER LOGIN What is Farcaster good for? It’s good for devs. It’s good for data analysts. And it’s good for social login. The last is the thing I’m most interested in. When you start a new site you can use Google or Apple login. And that’s fine. But it just gives you an email. And maybe Google Drive access in Google’s case. You can also use X/Twitter, Facebook, or LinkedIn. But those APIs change so quickly and adversarially that you can’t really build features on your site that rely on them. So you end up using them similarly to Google login, where you get a username only. Now arrives Farcaster. The first fairly large scale decentralized crypto social protocol. Where people aren’t in it solely for the money. Now, for all users who log in with Farcaster, suddenly you can provide encrypted messaging between accounts and pull their full social context. And if they’ve connected a wallet and ENS, they have a balance and can spend and receive money in your app. This changes everything.
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stringtheory
@stringtheory69
Having a login that is also a wallet could be a great opportunity for social apps to make money outside of advertisement. First of all, your money is a click away from in app payments but also potential for yield from holding usdc and fees for peer to peer payments or money services.
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stringtheory
@stringtheory69
Cons of all this is just dependency risk of farcaster. Why not just use SIWE?
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