Warpcast

Not financial advice

It's worth pointing out that trending onchain notifications do surface things early—in some cases.

This morning we sent a notification around 8:15am PT about a new coin $GHIBLIFY created by @nounishprof.

We had a bunch of people complain that this notification was bad and/or meant the coin had peaked.

However, hours later, a prominent celebrity on Twitter bought the asset via Bankr. And the price increased.

What does this mean?

- First: not every notification will keep increasing in price afterwards. Many will gown down in price!

- It does mean that our algo is surfacing onchain activity that many other people on Farcaster are doing.

- Additionally, we now surface additional information about coins like the creator, the date created and the cast that created it (when available)

- We're going to continue iterating on these notifications—thresholds to send, what information to provide—because many people find them useful.

- If they bother you, you're free to turn them off

Personal take:
Warpcast seems to be moving further away from mass adoption with each passing day. 

Maybe they will succeed in attracting a slice of CT (a target already motivated by economic incentives) but at the same time this is a GtM strategy that will likely exclude 99% of people. 

Hard to believe the whole Merkle team sees people this narrowly, so I think there are big chances that this strategy is intentional, at least for the short to mid term. They are sacrificing “normie” adoption to ensure growth numbera with “degens”.

@vocdoni, prev. Bitcoin Magazine | Purple #203 | Cohost: /diy /anthropology /vote /biohacking /cooperatives

We're trying to grow with cryptonatives and normies that are crypto curious.

Ultimately, we need to lean into what is differentiating (crypto). There's nothing inherently compelling about a decentralized social network for most people (beyond a small hardcore group of people).

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

I think the problem is that leaning too hard on things like memecoins is alienating. They attract low quality users and if things look like a casino then it also stops wider adoption.

I guess it's just a question of balance.

Community Builder. I'm wandering and wondering. Interested in decentralized, cool & creative stuff. Worked on a DAO for 5 years and looking for something new.

🎯

The big risk is falling into a bubble, where you get excited by growth metrics when you use financial incentives and you start to believe growth can be driven purely by them, and forget how the rest of the world actually works.

That mindset can lead to allocating money and resources into what, in my view, is a risky strategy (unless you really have a clear long run strategy)

This is very true - the problem is these kind of things don't -generally- attract long-term, high quality participants... web3 incentive systems are prone to end up attracting very low quality users...

“Machines and systems that could increase efficiency were worth their weight in gold, but people who could design, run, and improve such systems were worth their weight in platinum.”
The Hypomanic Edge: The Link Between (A Little) Craziness and (A Lot of) Success in America by John D. Gartner