matthewb
@matthewb
you may not personally be interested in trading or markets more broadly but it is a valid (and popular) form of content nonetheless
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matthewb
@matthewb
the “trading is ruining farcaster” take also seems very popular with those who don’t have the skill, time, and/or interest in making money via trading. this is fine, of course, but doesn’t mean that the rest of the world is indifferent to magic internet money.
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Nate “Igor” Smith 🎩
@drivenbyboredom
It's not that trading isn't relevant content, it's just WAY too high of a percentage of what is going on here. That's fine if Farcaster never wants to grow, but if we want to attract people outside of our bubble, all the trading stuff is a huge turnoff.
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erica
@erica
I think the real issue here is the main algo being geared more towards social nodes versus content embeddings, and non-traders following their friends who only post about trading, which in a social node based feed, is going to fill your feed with what your social graph posts about…aka trading
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slobo
@slobo.eth
isn’t the point of social to allow complainers to complain?
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shazow
@shazow.eth
imo the most justifiable part of focusing on trading is that this is building all same infrastructure that will be used for other things too, more socially popular things. the same infra we built for taking loans against stupid jpegs will someday be used for renewing our mortgages. the same infra we're building for weird cross chain swaps of memecoins with minimal liquidity to squeeze out the best possible prices will ultimately be used to power cross-stablecoin payments with merchants with way better rates than trad forex can give us.
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