@juli

Many times on Farcaster I've had the feeling that something special is about to develop - and then the execution ... stopped or turned worse. 1. DEGEN: Amazing early community, builders use $degen in apps, investors turn into early app users, promote, contribute and grow the ecosystem - before the tipping game fully took over, the Farcaster core user base went against the tokens & spam, and the project became a "normal" founder-led tech project. 2. ANON: Interesting privacy project, distribution for smaller voices, wide support across Farcaster, about to turn into a standout project with various initiatives (launchpad, community hub, curation ideas, etc.) - before the founder joined Farcaster and the project was left to die. 3. HIGHER: Amazing vision for a community-owned brand, strong early supporters, creators, interesting initiatives but missing connection to the token, missing link between contributors, promoters, builders and little interest to fix it or grow it from early leaders. Still convinced ecosystem-wide initiatives such as a referral program, loyalty system, rev-share with investors, creators, promoters, contributors could turn this around. 4. CLANKER: Great adoption from the ecosystem, builders, and ultimately Farcaster team. It became the economic Farcaster infrastructure that Degen investors once envisioned. It has been uniquely positioned with short-term random meme launches & trading resulting in (boom-cycle) revenue & activity that could flow into $clanker and top clanker apps, crypto startups that grow more sustainably, and grow the whole ecosystem. Somewhere in this process Clanker has instead of doubling down on top apps, startups, growing the economy started focusing more on low-cap shitcoin trading (4k -> 100k; like many other places in crypto) - which may be fair if that attracts more of the crypto community, leads to more revenues AND more adoption of good users and app(coin)s.. However, instead of making Clanker the most prominent launchpad on Farcaster, and Clankers first-class citizens on Farcaster, the launchpad isn't present except via feed, the team (+ all of Farcaster) isn't yet optimizing token liquidity and hence trades & rev through its own pools, or supporting standout ecosystem tokens with more than basic marketing. When trading isn't in favor with the crypto crowd (or others), or you're not optimizing for trading revenue, there's still plenty other stuff to optimize for such as investing in standout token to benefit from their upside, or using $Clanker and ecosystem clankers for more use cases, in apps, running co-incentive programs - not just for trading, but for signup, trying apps - adding perks and building towards some goal. CURRENTLY, Farcaster is drifting with crypto without benefitting much from the crypto user base or the more unique investor-tech user base. Creative outbursts, the collective power of quality users, builders is what makes Farcaster and these breakout economies special. Would be a shame if that potential isn't unleashed, isn't pulling in the same direction for some time at least..

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