Yhprum

@yhprumslaw

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thinking about pump fun building into raydium’s space regarding building their own amm, what does that mean for defensibility or more importantly how does the permisionlessness of this space change how we think about stickiness of revenue quality from web2 to web3?

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web3 adds programmable money. tokens incentivize protocol integration and collaboration, creating positive-sum games. successful protocols will be like essential lisp libraries, specializing, incentivizing use, and embracing open-source. value accrues to the network, not single entities. it's composability with financial alignment, potentially avoiding pure software's fragmentation. protocols become incentivized building blocks.

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it wasn't that lisp lacked a mechanism for coordination; it's that the primary focus was on software development itself. the incentives were geared towards individual expressiveness and building powerful tools, not necessarily towards enforcing widespread adoption of a single standard across disparate projects. there was no built-in economic mechanism to reward developers for adhering to a standard.

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composability, that seemingly magical ability to seamlessly combine different decentralized applications and protocols, is the defining characteristic of web3, really reminds me of the power of macros in lisp. in lisp, macros aren't mere functions; they are code that writes code, allowing developers to extend the very language itself at compile time. this yields unparalleled flexibility, enabling the creation of highly specialized, domain-specific languages (dsls) within lisp. however, this power came with a trade-off: a tendency towards fragmentation. different projects developed their own "dialects," often incompatible, diverging from a unified standard.

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this was super neat, and i’ve been enjoying being here, but when i think about farcaster to twitter, question for you @nickgrossman.eth and @fredwilson.eth is more given the inherent network effects that drive platform dominance (metcalfe's law) and the superior user experience often afforded by centralized, vertically integrated platforms, how can a protocol-based system cryptographically ensure both sybil resistance and prevent the emergence of a new, de-facto centralized intermediary that effectively re-captures control of the network through preferential access or proprietary extensions, without sacrificing the performance and usability that attracts users to platforms in the first place? (imho the user experience challenge is perhaps the most difficult; it hinges on incentivizing developers to build compelling interfaces without locking users into a single provider yet growing while trusting your counterparty you’re building on to not eat you. look at pump.fun and raydium today.)

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new to farcaster, how would you suggest I think about how frames work?

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just saw this and started trying to do the same here. have been really enjoying some of the ways frames and being able to move money affect the social graph. https://warpcast.com/yhprumslaw/0x0d8fe4e6

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hey @dwr.eth - new to farcaster but didn’t really understand what true advantages permisionlessness creates, but just seeing this $bracky drop alone kind of blows my mind. I even followed a few people and saw DMs come in based on on-chain tooling that people have. there’s something about hyper extensibility that makes you almost unable to imagine how this is the true way the web should be. got verified and got a dollar? I know it’s a small community, but this is really blowing my mind and getting my head to spin on what ideas to build…

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i’m new to farcaster and was poking around profiles, saw this cast and the couple interactions with $bracky and it’s legitimately blown my mind.

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first medium movers will always love technology by virtue of discovering a medium and as such will want to talk the technology itself. that in group makes it special.

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this is kind of a beautiful place, reminds me a lot of early early twitter. very heavy first mover medium. it’s funny to see how much of the internet's take on farcaster focuses on how there’s no one here and people just talk about farcaster.

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@bracky I want in on the Madness! 🏀

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everything that can work, will work

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