History

Have enjoyed listening to Walter Scheidel interviews recently.

https://youtu.be/U4Stzxi-m4s?si=pRpw-OooqSUWfR9o

https://youtu.be/ZrK-3-qYU8I?si=RwXvewmEwV7LgAhl

firefits

today’s /firefits for u 🫴🏼🦋

cardigan & dress: Lazy Oaf
tights: calzedonia

Cryptocurrencies are digital boundaries.

That is, in the physical world you can clearly distinguish where France ends and Germany begins. And you can enumerate the millions of people near the Franco-German border, as opposed to those who are more internally located.

But in the digital world, you can’t easily see the Instagram/X border. You can’t see which people spend a lot of time on both platforms, and are in a sense near the network border, as opposed to those who are “patriots” to just one platform.

Until crypto. Because coin holdings give public digital boundaries. You can determine from wallets and posts which people are coin maximalists (and hold 100% in one coin) vs which people are in digital border territories (and hold balances in multiple coins).

This is machine-readable information that can establish digital and physical borders for a community. NFT-gated Discords and door locks prove the point.

So: it’s early now, but eventually crypto tribalism becomes crypto patriotism.

Currently reading this

Makes a very compelling case that UBI would pay for itself. When people experience less resource scarcity they literally become smarter (perform significantly better on IQ tests) because they feel less stress.

Smarter population => higher GDP

Farcaster team is cooking with gas right now. 

In the next 7 days:

1. Warpcast -> Farcaster rebrand
2. Auth addresses, no more “Open Warpcast on mobile” in mini apps
3. Spinning up a few targeted cohorts for creator onboarding
4. Launching 2 new ecosystems for wallet / mini apps
5. Another confirmed airdrop
6. Making progress on a big new thing, hopefully can share next week
7. A bunch of wallet / mini app QoL improvements

Started using FOMO today. Pretty damn slick interface.

Started using FOMO today. Pretty damn slick interface.
https://fomo.family/r/BoredElonMusk

Pretty cool, we've got ~$90k of token airdrops lined up over the next few weeks across 7 campaigns!

A bunch more airdrops coming soon.

Best way to increase your chances:

1. Active on Farcaster, especially if you're on the leaderboard
2. Funded wallet >$10 in USDC and ETH
3. At least 1x transaction a week
4. Use mini apps daily

aviation

Lake Michigan looks like the Caribbean this time of year. ↑

NFTs have evolved into at least four categories.

First, there are name NFTs like yourname.eth. These are the easiest to understand because they are just like domain names or usernames.

Next, there are profile NFTs like Bored Ape. These have value because they are like club memberships, and people make them part of their public identity.

Next, there are Zora-style content coins like horse (see reply), which update the art NFT model by setting up a market for every Instagram-style post. Buyers buy these coins to show appreciation for the creator, to speculate on how much more popular a given post will get, and sometimes to show (via onchain timestamps) that they’re early to spotting new talent.

Finally, there are micro-NFTs that just represent onchain data, akin to “typed likes”. Many social actions are now cheap enough to record onchain.

Stablecoins: Stripe USDB, Ramp card, US Senate vote and who is going to make money from them

All successful startups are a Pareto blend of these memes

Farcaster’s audience is the best audience to build for right now

Boomer question: what’s the best app to automatically add nice captions to a video?

Andi

@anndi