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Ferran š
@ferran
1/6 I was reading this new paper on how 300K academics migrated from X to Bluesky, and I wanted to share some reflections because it shows quite clearly how social networks actually grow. What Iām about to say isnāt new. Iāve often been critical of Farcasterās current growth strategy, and thatās because itās not grounded in how networks or virality really work. Instead, it feels that FC is based on well-funded wishful thinking: abstract ideas wrapped in the language of innovation, blending Read/Write/Own concepts with old-school Silicon Valley consumer app logicā¦ without fully committing to either. At the end of the day it leans heavily on FOMO and incentives to drive (low-quality) growth. (Farcaster Pro subscriptions stalling as soon as users -or bots- hit the 10k NFT reward cap is a perfect example of this.) And yes, experimentation is great. Some of the best ideas emerge from it. But we also have a long-established understanding of how humans (as social and emotional animals) behave.
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Ferran š
@ferran
2/6 I read The Tipping Point a while back (sorry if there are errors), and honestly, I think Farcaster has more to learn from that book than from any corporate or Web3 playbook out there According to the author there are three key archetypes that drive the spread of ideas and the growth of social networks: - Connectors: People who seem to know everyone across different social, professional, and cultural circles. You know, the kind of person whoās always like āOh u should talk toā¦ā - Mavens: Knowledge nerds. They're specialists and love sharing info on their field. People follow them to know whatās worth paying attention to, and theyāre often the ones others love to read or listen to - Salesmen: Charismatic high-energy persuaders. e.g., if Farcaster were a great place for fitness content, theyād convince you to join. But if theyāre into fitness and 90% of the Farcaster feed is about minting, gambling & memecoinsā¦ they probably wonāt have the energy to sell it (unless thatās their thing)
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Ferran š
@ferran
3/6 These are the types of people who create tipping points in networks. And they're necessary because influence isnāt distributed equally. And right now, Farcaster is mostly missing this people (except maybe some little-influencers in the Web3-builder bubble): Those who resonate with builders and crypto bros. This creates a self-reinforcing barrierā¦ one that keeps pushing away anyone who isnāt already fluent in that niche (and even people in that niche that has life outside of it and finds the feed boring and monothematic). And I would say, even within that niche, Farcaster is struggling to attract its top connectors. And thatās probably why they activated the Solana strategy: searching for a more energetic, engaged community.
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ted (not lasso)
@ted
thank you for writing this! genuinely appreciate you taking the time to think deeply about this and provide feedback. think much of it is a fair critique, would push back a bit and say some of it is out of our control with crypto still being a third rail for most consumers. doing my best to lean into these archetypes and to expand beyond crypto content. open to any and all ideas that you have (and willing to experiment with them). only warning is that we're a bit tight on bandwidth and resources!
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Ferran š
@ferran
Thanks to you Ted ā¤ļø If I could be the Farcaster dictator, I would focus: - Make Channels/Communities Great Again - Take clear steps to diversify the feed/algo and avoid the Ć¼berboring trend in which is immersed. - To hire a person ONLY dedicated to convincing founders on using Farcaster as a social layer for their 3rd Party Apps (and develop a roadmap for that). (And just to acknowledge, I know criticizing and giving feedback is the easy part, building is the real challenge š)
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