casting from coinbase wallet is like a wallet with social feed attached to it and casting from warpcast is like a social feed with a wallet attached to it

What is _THE_thing that everything else becomes periphery to? The social feed or the wallet?

Kinda thinking the wallet.

Still a w for farcaster either way

How do you think about the tension between bootstrapping supply (devs building apps) while demand catches up? (Users on platforms like base or farcaster) 

As a dev, while I am nerd sniped by the idea of mini apps, realistically there isn’t as much incentive to build here because there isn’t actually much demand in terms of raw numbers of users.

The bet is that tba becomes the daily habit app for most users in crypto, and by extension mini apps enable the distribution flywheel you’re talking about. But as it stands, wallet habits are episodic (you come on to check a price now and again, you come on to do a swap) and there isn’t really a daily habit to show that tha owns the relationship with the end user.

Platforms are attractive businesses because owning the distribution flywheel grants quite a bit of power. However, its not as realistic to expect to create a platform by fist seeding supply and expecting demand to follow. In fact this is the exact opposite approach, and you’d find that if there was an abundance of demand, developers would be more than happy to meet the demand. Apples App Store shows this is true even while apple charges egregious fees. 

As Ben Thompson once wrote: “the only way to be a platform company is to be a product company first, and acquire the users to incentive developers”. 

From my POV it seems like there’s been quite a bit of effort to acquire the developers (hackathons, onchain summer, various sdks) but simply aggregating a bunch of applications in an app without a clear daily habit doesnt give me much confidence as a developer that it’d be worth my time to take the chance on a platform with uncertain odds of success at becoming the distribution flywheel you speak of.

I’m optimistic it’s possible for base to be the platform but I’m wondering how you’re thinking about this

Ive changed my mind on this. The key point is that success as a platform will come from being a product company first in order to acquire the users that will incentivize developers.

Tactically, dropping the “wallet” to rebrand as “base” makes a lot of sense, because an app that is app first wallet second removes any prior biases users might have about the role of the product. 

Ultimately the goal is to build a product with a core daily habit loop that enables the app to own the relationship with the user and demonstrate thick demand for developers to tap into.

Ive changed my mind on this. The key point is that success as a platform will come from being a product company first in order to acquire the users that will incentivize developers.

Tactically, dropping the “wallet” to rebrand as “base” makes a lot of sense, because an app that is app first wallet second removes any prior biases users might have about the role of the product. 

Ultimately the goal is to build a product with a core daily habit loop that enables the app to own the relationship with the user and demonstrate thick demand for developers to tap into.

https://farcaster.xyz/frog/0x3d49a185

working on ambush and /noms :: nouns stan

@yitong wondering if this would be an interesting theme to elaborate on in the “stratechery for crypto” direction