Farcaster Development Boutique @ dTech.vision 💜 prev pentester & CS at @ ETH Zurich | In love with tech 🤓 decentralization, fitness and oldschool rap 😎

SKYCASTLE

A lot harder to add a social network to your trading app than trading to your social app.

What % of there traders do they need to convert to equal Farcaster DAU?

27 million funded accounts 
? How many trade daily ?
Let’s say 🤷🏻‍♂️ 270k 
Convert 20% 🤷🏻‍♂️ to social 
= 55k DAU 

Come come for the free trades & stay for the alpha 

vs

Come for the community stay for the casino‽ 😵‍💫

Ethereum builder & people connector. Juicebox, Revnet, Defifa & Footy App. My Innie writes stuff on kmacb.eth.sucks

Daily traders are already in the alpha seeking group chats. Seems low.

I don't think a social network magically forms around a bunch of people looking for trading ideas.

No asabiyyah.

My sense is those people will stick to reddit / group chats / Discords / Twitter.

Very, very hard to get people to adopt a new social platform if they bonds are formed on another one.

Thank you for that link 😅 seriously 🙏💜

We probably going agree to disagree on this one. Of course it’s not magic. Spiritual leaders need set values & examples. No different than channels here or anywhere. 

Have you invested much time in trading group chats or traded everyday for say 1 month? 

The trading community is very strong. Transient yes. Small yes (but growing). More of a mentor mentee vibe or a guild. Somewhere between group chat & social network. Traders come to build skills not a find a transaction. 

There is nothing like winning together to bond a group. The flash crash still bonds many of us years later. It was a career making day. We don’t get GameStop without it. Ok these were sigma 7 events but there’s an edutainment there there.

I don't think a social network magically forms around a bunch of people looking for trading ideas.

No asabiyyah. 

https://en.wikipedia.org/wiki/Asabiyyah