Farcaster Pro is an important step forward in making the protocol sustainable.

Raising a bunch of money from investors and spending it is not sustainable. It’s a tactic not a strategy.

If the protocol can charge a fee that people are willing to pay annually, then it will have budget to spend on what is important to the protocol—independent of any one company.

We’re starting with a pragmatic, optimized for speed approach today where we are centrally collecting, deciding (via an algo) and distributing rewards.

In the next few weeks, subscribing to pro will be onchain and permissionless. 

In the longer term, ideally we can figure out how move rewards to something more akin Bitcoin or Ethereum block rewards where funds are collected and distributed entirely at the protocol. We’re not close to this and not a near term priority, but it’s where we would like to get to. 

(Solve the problems in the correct sequence.)

I’m genuinely impressed how much money Farcaster Pro generated and how quickly. Demonstrates a real community and staying power.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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