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back in november, no one on twitter knew about farcaster.
by december, ct transplants of two kinds began arriving, drawn like moths to our bright, beaming shitcoins:
>profiteers, inspired by $POINTS (then $DEGEN) and the farcaster narrative
>tourists, who follow profiteers but have no skin in the game
the ct transplant tourists were gone by May/ June.
the ct transplant profiteers who haven't left are still churning and will exit by end-of-year. their fortunes ride or die with twitter, whether they realize it or not.
markers:
>exited farcaster social tokens (all at once or progressively, disillusioned)
>out of alignment with native farcaster token economy (no tribe)
>pontificated often and loudly on why: [insert reasons here, usual blah blah]
>theatrical pivot to alternative crypto scenes (Solana, usually)
risk:
>ct profiteers are habitually toxic: their farcaster shitcoin profits were less than they wanted (of course) and that makes them bitter and unneighborly.
fascinating to watch play out, tho 🍿 43 replies
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