Content
@
1 reply
0 recast
2 reactions
Luciano
@luciano
Raise 1-10M: good runway for the protocol Raise 100M+: good retirement for the founders
4 replies
1 recast
8 reactions
Hugo Montenegro
@hm
are there any crypto projects that have raised 100m+ and didnt fail?
1 reply
0 recast
1 reaction
Luciano
@luciano
farcasterđź‘€
1 reply
0 recast
1 reaction
Hugo Montenegro
@hm
tbh current farcaster numbers are NOT a success. It's chugging along and slowly growing, but doesnt at all justify the 1b+ valuation
1 reply
0 recast
1 reaction
Luciano
@luciano
i disagree from an infra perspective fc has a clear competitive advantage over other up and coming social networks + has an extremely high quality user base current growth doesnt justify valuation but i think some of the other factors begin to
1 reply
0 recast
1 reaction
Hugo Montenegro
@hm
> over other up and coming social network key term here. Social Networks have natural moat effects. I dont see X losing out to FC or any other network anytime soon
1 reply
0 recast
1 reaction
Luciano
@luciano
do you think twitter has has to lose for fc to win?
1 reply
0 recast
0 reaction
Hugo Montenegro
@hm
to win big? yeah! They compete in mindshare. Certainly for me. I'd love to use Farcaster, but X is where everyone is. So i spend 95%+ of my time on X and only crosspost here. Farcaster does have miniapps etc and thats cute. But Twitter can copy semi-easily (having users >>> having tech). I dont see any fundamental advantage of Farcaster. Remember, X has 600 MILLION monthly active users. Farcaster is like 20k. X valuation 10-20b, Farcaster 1b. Doesn't make much sense to me
1 reply
0 recast
2 reactions
Luciano
@luciano
But Farcaster is also a permissionless protocol so if dan and co wanted to censor us they would struggle ofc they could throttle our rewards or our experience on their client but we could just use a different client and move on I think the advantage of using farcaster is quite clear even if it isn’t clear to mainstream users yet I think the protocol, snapchain etc justify a high valuation (not necessarily 1b but proportionally should be higher than twitters val) twitter already losing mindshare among the youth
0 reply
0 recast
1 reaction
