"If you offer X, Y, Z features, you'll be able to convince people frustrated with [insert social platform] to move to Farcaster."
1. In most cases on the internet, audience and community are downstream of the platform they are formed on. There are exceptions.
2. Migration is an individual act. Individuals try new things and successfully migrate. Very few communities successfully migrate. Usually, they fracture or fade.
3. Path dependency is real! Just because another network used a tactic at a point in time doesn't mean it's universal. In fact, most of the time it's not replicable since it was successful in capturing a given cohort that there's no one left to target like that.
4. Most consumers are creatures of habit. They get used to a set of tools, networks, experiences and they stick to them, even if stuff gets way worse.
5. Finally, and most importantly, do not underestimate the power of network effects. Companies that have them are valuable for that reason. 30 replies
27 recasts
633 reactions
0 reply
0 recast
0 reaction