Founders

Raise 1-10M: good runway for the protocol 

Raise 100M+: good retirement for the founders

are there any crypto projects that have raised 100m+ and didnt fail?

Building the end-game of payments at @peanutprotocol

PREV: harvard & harvard i-lab | hf0 | sold namy.ai + more

tbh current farcaster numbers are NOT a success. It's chugging along and slowly growing, but doesnt at all justify the 1b+ valuation

i disagree from an infra perspective

fc has a clear competitive advantage over other up and coming social networks + has an extremely high quality user base

current growth doesnt justify valuation but i think some of the other factors begin to

> over other up and coming social network
key term here. Social Networks have natural moat effects. I dont see X losing out to FC or any other network anytime soon

do you think twitter has has to lose for fc to win?

But Farcaster is also a permissionless protocol so if dan and co wanted to censor us they would struggle

ofc they could throttle our rewards or our experience on their client but we could just use a different client and move on

I think the advantage of using farcaster is quite clear even if it isn’t clear to mainstream users yet

I think the protocol, snapchain etc justify a high valuation (not necessarily 1b but proportionally should be higher than twitters val)

twitter already losing mindshare among the youth

to win big? yeah! They compete in mindshare. Certainly for me. I'd love to use Farcaster, but X is where everyone is. So i spend 95%+ of my time on X and only crosspost here.

Farcaster does have miniapps etc and thats cute. But Twitter can copy semi-easily (having users >>> having tech). I dont see any fundamental advantage of Farcaster. 

Remember, X has 600 MILLION monthly active users. Farcaster is like 20k. X valuation 10-20b, Farcaster 1b. Doesn't make much sense to me