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woj
@woj
degen and ham chains were mistakes and they set the whole farcaster ecosystem back im posting this after reaching out to @jacek and @deployer privately, but since they both answered that they have no plans on sunsetting the chains, i want to give a heads up to all other teams building their economies on farcaster: don't launch you own chains 1. fc ecosystem only has a chance to work if there is a lot of liquidity in one place 2. separate chains fragment the liquidity and only benefit the passive token holders (less sell pressure) and mev bot operators (arbitrage between chains and pools). actual users pay in UX, mev and fees 3. devs who want to launch integrations with these projects are fucked because most infrastructure providers don't support these small chains im building supercast wallet and it's beyond frustrating to see how close we were to having something truly great and how much harder it is to build a good UX on top of these projects because they selfishly decided to launch their own chains
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JR ↑
@juli
Mistakes yes.Don’t see how it set Farcaster back. Farcaster was set back due to the Farcaster team not doing any growth. Growth was essentially outsourced to degen while we’ve seen relatively unnecessary warpcast iteration aka feature updates in the past 5 months. For Degen I saw a use case with microtipping and potentially more social (Farcaster) use cases but I’m very confident to say it’s been a big mistake making the l3 the main offering and not just 1 offering in a product suite that focuses much more on Base, socialfi, Farcaster etc.
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@juli
As a project it also doesn’t make sense to compete against 100+ great chains with a mini team but huge community - especially when you can be integrated well in 2 of the most promising ecosystems with Base & Farcaster. That said, also worth noting that early Degen strategy & collab decisions were exceptional.
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