keccers
@keccers.eth
This is why this idea of Farcaster-enabled social trading will never work. The whole setup of crypto twitter is predicated on an information asymmetry that Farcaster destroys.
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div
@div
It’s working right now though 👀
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keccers
@keccers.eth
Yeah because it’s all buys. What happens when we start to see more sells 😂
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div
@div
It is not all buys. You see everything on Castmoney but based on data and conversations, most people don’t care about sells unless they’re notable sells
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keccers
@keccers.eth
I don’t get it fundamentally I don’t think. Cryptonatives are a foreign species. You are watching your friends essentially profit off you and it’s like ggwp— as they take your money!
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div
@div
From a product perspective, greed is a bigger needle mover than fear. When people see their friends buying stuff, greed kicks in. Also what network as a whole is doing is more relevant than individuals, our product is also moving in that direction. The most sticky part of Castmoney is hot tokens, which showe you Farcaster wide $ going into tokens
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