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androidsixteen
@androidsixteen.eth
Ted: “ok you guys, let’s stop talking about Farcaster on Farcaster — new users think it’s weird” Everyone, last week: “bet” Everyone, this week: *posts leaderboard screenshot every 2 hours to engagement farm*
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
the problem is every crypto twitter big dawg that gets nerdsniped by farcaster (even if just for a week or two) literally just wants to talk about the thing that nerdsniped them it’s their new toy and our new toy is their temporary fascination with our told toy no way to acquire new nerds without gettin nerdtalk
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androidsixteen
@androidsixteen.eth
Great articulation I think onboarding the crypto nerd cohort with fancy money toys is at odds with acquiring GA users who don’t care about the nerdy stuff (hence Ted’s feedback) It’s like a conflicted GTM — do you want to niche down or scale?
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Cameron Armstrong
@cameron
Yea I agree in the general case but in our specific farcaster case we have a long tail deconfliction problem Crypto long tail cares first about free internet money and then accidentally gets entertained/may stick around for the memes + vibes Normal long tail just wants memes and jokes and content Crypto long tail will listen to whatever boring shit the CT big dawgs will say bc they think it might reveal alpha or a shitcoin or w/e So all the normie signal is blurred by the arguably more incentivized CT long tail class I don’t think there is a clean GTM that lets you acquire both bc as you pointed out they are fundamentally at odds. Best idea I have is further siloing the feed and basically engineering a “crypto farcaster algo” and a “non crypto farcaster algo” to separate the cultures but I think that’s unfortunately worst of both worlds strategy My guess is merkle continued full bore money audience a la coinbase forced growth and gambling games or they shut down in <2 years Long term, i think we need to make mini apps that give a real reason for communities to hang out more. Combo that with revitalized channels thst looks closer to discord with some public feed connected components and we might have a chance at being a permanent place on the internet e
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androidsixteen
@androidsixteen.eth
I think you’re right about the segregated feeds, and that seems to be what’s happening I just don’t think the degen growth strat leads to quality growth — people who come for money are mercenaries. You can extract swap fees from them, but you’re not going to build civil society And speaking as a non gambling mini app dev, I need more “normal” users to grow and for creators to have a big enough audience to monetize well. The gamblers don’t care about good content
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Yea I certainly have my tinfoil hat feelings of relegation to the off-meta feed haha I also agree, but with maybe a huge caveat I think the Merkle team has very strong opinions about the challenge of content generation and very little attachment to individual creators outside of avoiding the anger of longtime users Gun to my head I bet they believe: - Most people will always make bad content (or at least content that is “bad” outside their immediate social circle) - Creators as a class are fundamentally economically unsustainable at least at current % of population rates (thats why we get sub min wage weekly prizes not something more structured) - AI content esp infinitely generative custom content will supersede most if not all content creators in the next 5-10 years - The normies will follow the AI content - But since normies don’t use crypto apps yet, let’s prioritize CT big dawgs So normal users aren’t coming anytime soon
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androidsixteen
@androidsixteen.eth
Agree with all of that modulo: - the AI stuff — very bearish on this and think people will be yearning for humanity soon (ai content is slop, and when it isn’t, its because it has just become a tool like vfx) - creator economics — part of our hope with pinetree is to break the psyop of global markets for every creator. Eg. I think you and Christin would make more money at this stage from your “local” audience than from YT (but the global distro is the carrot on the end of the stick). Would love to talk to you about this in depth sometime
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
I’m conflicted. I think AI is mostly slop rn bc we’re in a crazy period of history where we have a pretrained class of side hustle faceless channel warriors powering our digital shadow capitalism ready to leverage every tool at their disposal to earn more RPMs New storytellers will use it and make incredible things and I think that changes the game but doesn’t change the fact that people fucking love the slop yknow and can’t tell the difference (nobody on tiktok sees the attached vid as ai) Would love to talk creator economics! Thought and wrote about it extensively the past few years. Im around the next few weeks if you are https://farcaster.xyz/cameron/0xaa38e0f0
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androidsixteen pfp
androidsixteen
@androidsixteen.eth
Yeah true, short form is totally cooked I think I’m showing my longform bias here — I just think over 30-60 minutes, it’s not (yet) possible to generate a compelling conversation or story. When it does happen, we are in for interesting times And yeah I’m around! Will slide into DMs
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