Ferran š
@ferran
The most revealing part of today is Musk essentially admitting that buying Twitter wasnāt about making it a better and more open social network, but rather about entrenching the status quo and amplifying an authoritarian, right-wing agenda. Today opens another opportunity for Farcaster to differentiate from X and Musk. Will probably not happen.
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Dan Romero
@dwr.eth
Differentiation doesnāt matter if thereās no market for it. No one still active on X cares enough to leave the network effect. If you care and you donāt like crypto, youāre on Bluesky. If you care and you like crypto, youāre here.
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Ferran š
@ferran
Fair enough. Just to understand , what is the reasoning to put these values aside and boost other key differentiators like āearn on Farcasterā or āmake money on Farcasterā that are not at the core values of the protocol itself? Is your hypothesis that thereās a larger market for that? Is a new market or are you trying to capture it from somewhere else?
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Dan Romero
@dwr.eth
Consumers use things that solve problems for them. Those values only solve a problem for a very small % of people. That's saturated already between Mastodon, BlueSky, Nostr and Farcaster. Most people only use apps to be entertained or make money (either directly or indirectly through work).
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Ferran š
@ferran
Canāt you have both? I donāt understand why itās incompatible to have a fun to use social network while promoting different values as the GAFAMX. Narrative is important. If you have something superior you should convert it in value propositions. For example: Value: Open protocol VP: Put efforts on having an excellent path to integrate the protocol in 3rd apps and boost the client ecosystem (rn, the path is inner miniapps that are the reflection of the degen userbase on Farcaster: gambling and minting) Value: Decentralization VP: Brazil State canāt just censor the protocol, come to Farcaster! I donāt see how āearn on Farcasterā could be a strong growth driver, most people earn very little, they can get frustrated, and itās usually the same type of users who benefit the most. In fact, I can see how it might have the opposite effect.
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Ferran š
@ferran
These are just two examples, but both of these VP have potential to solve users problems and build a diverse social network that is fun to use.
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Dan Romero
@dwr.eth
Neither of these drive growth in the near term. They require exogenous events to happen.
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