@bitcoinwars
Farcaster is admitting what everyone felt for a while.
The decentralized social network never found real PMF. Despite 4.5 years of trying and a few successful adoption spikes.
X networks effects too hard to break free from.
Instead, Farcaster will focus on being a wallet first, social network second.
>user signs up
>funds wallet
>uses the wallet
>finds it useful
>while using wallet user finds social features
"It’s far easier to add a wallet to a social network than a social network to a wallet." - DWR
“come for the tool, stay for the network”
It seems the same strategy Base app is built on.
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