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Dan Romero
@dwr.eth
The fundamental issue with consumer crypto today is lack of consumers. Consumers need interesting or entertaining content to stick around. Sign ups are irrelevant if you can’t retain them. Everything else is a marginal improvement at best.
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Maretus
@maretus.eth
Farcaster is probably the best consumer related crypto app I’ve ever used. What other crypto apps are this sticky with committed users? Are there any others with people spending 40+ hours a week on? I know that’s not the point you’re getting at, but I thought it was worth saying anyway. Content quality here is improving imo. Maybe not as quickly as people would like, but it’s definitely happening.
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Dan Romero
@dwr.eth
We haven’t figured out a repeatable growth motion for finding power users that stick around.
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Gwynne Michele
@thecurioushermit
I don't think it's an easy problem to solve. Even the massive platforms are having problems with user retention and getting enough varied content to draw in those outside the crypto-curious bubble is going to take time. It's not something you can easily market for - tipping tokens and moxie are great for monetization right now, but long-term sustainability is still questionable and for creators to start from scratch building an audience, they need more certainty of income potential, unless they're so fed up with traditional social they make their way here after a friend mentions the place in a newsletter... but that's a slow way to grow.
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