Dan Romero
@dwr
A lot harder to add a social network to your trading app than trading to your social app.
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KMac
@kmacb.eth
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‽ 😵💫
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Dan Romero
@dwr
> convert 20% to social Seems high.
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KMac
@kmacb.eth
Daily traders are already in the alpha seeking group chats. Seems low.
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Dan Romero
@dwr
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
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KMac
@kmacb.eth
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.
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Dan Romero
@dwr
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.
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