0 reply
0 recast
0 reaction
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 馃嵖 43 replies
15 recasts
55 reactions
1 reply
0 recast
2 reactions
1 reply
0 recast
0 reaction
