This is the inherent schizophrenia of crypto. 

A Delaware C-corp raises equity capital to build a user-facing app, while building an underlying protocol destined to one day welcome as many competitors as possible, and whose token will capture most of the liquid value.

Somehow the team must navigate the contradiction.

The thing that tokens do a good job of is aligning economic incentives and governance of open protocols, specifically as an alternative to companies.

Many are sorta security-like, but global securities laws are balkanized, outdated, and technically incompatible with crypto, so we do this weird decade-long dance.

FarCon

/ted | exploring the onchain frontier | surfing @ venice, ca | eating @ gjusta / gjelina

/seedclub ~ the /consumercrypto network ~ Make something people want to be a part of. https://www.seedclub.xyz

May 2-5 in Venice Beach, CA. Details at /farcon and https://farcon.xyz

@ted @farcon @seedclub @ens just landed, can someone DM me mixer venue details? 😅

Excited!!

Farcaster

Founders

I wanted my first cast to be memorable and this is the perfect occasion: to announce @diogomonica to @haunventures as a GP!
He’s an exceptional founder and generally an all-around amazing human being. https://www.haun.co/article/diogo-monica

Another crypto giant joins Farcaster.

Bullish!

Follow @katieh

Only just getting started, founder @haunventures, board @coinbase, alum @a16z,
DOJ and SCOTUS

zynwood

I really feel like someone should hook me up with a Zyn airdrop for creating this channel, and yet not knowing there was a corresponding shitcoin for Zyn that went 100x+ in a month.

😂 😂 😂

messari

Messari's daily news recaps are now available as frames.

Skim the news. Get back to building.

🚀

perl

who are the spicest casters at ETH Denver who could stir it up with @perl VS mode tomorrow?

today is @betashop.eth vs @tbi 

don’t miss it 🔥

gm to everyone who bet on betashop today.

Music

a song close to our heart
https://www.youtube.com/watch?v=sQgd6MccwZc

Peak Beyoncé was Say My Name.

This and many other hot takes in my 24 hour AMA upcoming on Farcaster.

turpentine

Network States

I beat Vitalik by about a month with the d/acc meme, but he had a definition that is indisputably better and will hold up brilliantly long-term, I think.

Network states are inherently d/acc.

You can monitor every news story, deal, technical update, and media covering Farcaster in one three second search on the Messari home page.

AND get AI summaries of each piece of content so you aren't bombarded with information overload.

AT&T is down.

Farcaster never goes down.

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

Economically-aligned DAOs will outperform Democracy-aligned DAOs in the same way that capitalist economies outperform socialist economies.

The latter are the standard today only because regulatory roadblocks prevent the former from being implemented at scale.

(re-reading @milesjennings "Machiavellian DAOs")

Hmmm, what have we here?

https://messari.io/report/state-of-ethereum-q4-2023

Previews and Key Insights for all of Messari's "State of" Protocol Reports are now available in frames.

Just drop in a link from this list, and enjoy!

Previews and Key Insights for all of Messari's "State of" Protocol Reports are now available in frames.

Just drop in a link from this list, and enjoy!
https://messari.io/research/protocol-reporting?tag=Quarterly-Reports

Pirate Wires

It’s wild to see 30k followers on a new social app in a few weeks when it took five years to get there on Twitter.

10x away from the real flippening from X to FC.