balajis on Farcaster

Content pfp

0 reply

20 recasts

20 reactions

balajis pfp

Farcaster solves the fundamental problem with the Fediverse. It uses the blockchain for global, tamper-resistant state. That was the issue that bedeviled Mastodon. Servers could fake everything, even user counts. They had no mechanism for decentralized consensus. https://twitter.com/balajis/status/1154461575656308737

20 replies

59 recasts

330 reactions

Manuel pfp

@manuelmaccou.eth

One important point that wasn’t mentioned in that X thread is that global consensus is critical on a social model because the entire revenue system uses those stats to operate https://x.com/manuelmaccou/status/1805197849681969614?s=46&t=nKz19xkjBExbNJhnxDcuqQ

0 reply

1 recast

9 reactions

JR ↑ pfp

Nice thread. I see lots of engagement farming & bots here too (essentially mirroring Twitter) & I’d consider it very valuable for projects, people to differentiate likes & other actions to determine truly good casts, real users, valuable users, tipping allowances .. > hence interesting for end users in warpcast @dwr.eth as well as apps & tools like /openrank /degentokenbase /lp /wildcardclub

0 reply

0 recast

4 reactions

0xie pfp

Being Onchain is a big leap

0 reply

0 recast

2 reactions

BrightFutureGuy 🎩↑ pfp

BrightFutureGuy 🎩↑

Fully agree. Still puzzled why so many smart people refuse to see this “big hole” in fediverse trustworthiness 🤷‍♂️

0 reply

0 recast

1 reaction

𒂭_𒂭 pfp

I think, as the dust settles on SocialFi, we're left with no choice but to find an incentive system that keeps the consensus ongoing. although one could argue that Ethereum's self-sustainability inherently makes Hubs cheaper, it's more than fair to also argue that the network has to work out for operators vs community.

0 reply

0 recast

21 reactions

~bc pfp

i'm not wearing a grey t-shirt, can i reply here? will i still get a subtle bro nod? burning questions.

0 reply

0 recast

0 reaction

Jackson 🎩🍖 pfp

Jackson 🎩🍖

Mastodon culture complements the tech substrate: superseded, deceptive, broken and broke Is liveness without correctness is worse than centralisation?

0 reply

0 recast

1 reaction

Maythar pfp

Agree with you.

0 reply

0 recast

0 reaction

Simran Jagdev ✨ pfp

Simran Jagdev ✨

What if we used partial ordering for scalability and pushed parts of the consensus off-chain? Bringing everything onchain in a total global order might hinder the massive scalability needed for a social network with billions of users.

0 reply

0 recast

0 reaction

halitemir.eth pfp

furthermore, i think farcaster is more usable and better looking than twitter and it makes think that farcaster could be bigger than twitter one day.

0 reply

0 recast

0 reaction

Meg pfp

@meganmichelle.eth

So many big words here, so little time.

0 reply

0 recast

0 reaction

Jusselpd pfp

0 reply

0 recast

0 reaction

novalunosis 🌌 pfp

novalunosis 🌌

This makes so much sense now, thanks for clearing this up for me ☺️!

0 reply

0 recast

0 reaction

stounn.base.eth pfp

stounn.base.eth

0 reply

0 recast

0 reaction

ojo pfp

Onchain data Crypto solves it all

0 reply

0 recast

0 reaction

Augustine Cost pfp

Makes a lot of sense

0 reply

0 recast

0 reaction

heronimus.eth 🌿 pfp

heronimus.eth 🌿

It also resolves some UX issues that other social sites on Lens Protocol have. At least with Warpcast client, I just feels like using regular Web2 social media without really need to think about signing messages, owning NFTs, etc.

0 reply

0 recast

0 reaction

Artem👨‍💻🪼 pfp

Artem👨‍💻🪼

I agree with you, this is a breakthrough, a cool idea, technology and so on, but if we take the example of a simple user, why would a farcaster be better for this user than a tweeter? So I have a question

0 reply

0 recast

0 reaction

Brendan Forde pfp

Is that good for my $degen?

0 reply

0 recast

0 reaction