dusan on Farcaster

dusan pfp

i’m usually the last to hate on experiments, but farcaster PRO is hands-down the least thought-through feature merkle has ever rolled out. and that is an understatement. (disclaimer: i’m a late pro holder—no nft for me. so i get it might sound salty, but I’ve had this rant sitting in my drafts even before the release, so bear with me) 1) it’s a terrible signal for willingness to pay. people buy worse crap when it means any kind of exclusivity 2) it’s driving a massive wedge between PROs and everyone else. not even 24 hours in, and we’ve got exclusive airdrops and gated content popping up. that’d be kinda okay if merkle was orchestrating it, but nope—it’s bottom-up. the mind virus has spread, and now early PRO holders are treated like some elite class of crypto royalty bought status works in stuffy nightclubs or country clubs, where there’s a velvet rope and a bouncer to keep the outgroup out. but not so much on a social network 1/2

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dusan pfp

PoW >>> PoS: - PoW rewards effort, creativity, and real contribution—building something valuable, engaging with the community, etc. - PoS just lets people buy their way to the top, flexing wealth instead of skill social networks thrive on connection and merit, not pay-to-win hierarchies. this nft-PRO combo is a recipe for resentment and a fractured community what happens now? the classic hype curve. first, the FOMO kicks in—everyone scrambles to grab an nft, prices spike, and early adopters feel like geniuses. then the peak hits—speculators flood in, airdrops fuel the frenzy, and the “exclusive” vibe reaches fever pitch. but it’s downhill from there. the hype fades, the value tanks, and latecomers are left holding overpriced jpegs. meanwhile, the community’s split: early PROs lord it over everyone else, and the rest feel like second-class citizens. merkle’s left with a mess—less cohesion, more drama. good luck fixing that hope to be wrong though 🤞 2/2

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Geisha pfp

I totally agree with all your well made points dusan. But it begs the question why (after sensibly pausing) you went ahead and purchased the purple tick anyway.

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dusan pfp

because i want to support farcaster not here to farm an nft (i'd like to have it, but wouldn't want to sell it)

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Geisha pfp

You are supporting farcaster by 1) just being here 2) by building and nurturing your framedl community amongst other things It is not necessary to join the thundering herd. Or disloyal. I do crack a wry smile at the ironic logic “buy a tick and stand out’ . an impossibility if practically the whole herd now have one. $120 is a lot of money to many on this app in less wealthy countries. They should not be shamed and made feel excluded. Human beings eh? http://gph.is/291Gm33

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Benido pfp

But farcaster says you are supporting creators cause all the money goes to weekly rewards. I think this is not cool. It’s not a lie, but of course down the road the revenues are farcaster revenues and will be used to finance the team. And that’s fine! But don’t create the perception my money is a donation to artists when it’s an experiment with revenue sources for a business.

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