@abundance
This is perhaps one of Dan's most important casts re: farcaster in the past year.
It confirms my thesis that:
1) Merkle doesn't have a sustainable business model for FC in mind
and
2) FC is squandering its competitive supremacy (having an open graph) by trying hard to be an X/twitter clone with a crypto wallet
The great thing about protocols (over centralized platforms) is that you can create a sustainable model where the interests of users ALIGN with the interests of the protocol (more on that here: https://paragraph.com/@abundance/time-to-put-the-user-in-the-center)
This is not that.
Merkle's current approach indicates that it will be using centralizing vectors (algos, subscriptions, etc.) to keep users "locked-in."
A better approach would be favoring decentralization - where anyone can build their own client, app, and so on, and plug into a vast interoperable ecosystem powered by the open graph.
3 replies
1 recast
14 reactions