building on-chain multiplayer at @partydao

it’s not clocking to you that it’s gametime

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

she’s a real ass actor

watch gilded age

aesthetic

dev / collector / chef / ex-Twitter

chemical engineer in a previous life

thing #5 at @clanker

so you’re saying if I repost this it becomes a coin?

recursive coinage

turns out recasts don’t mint a coin

recursive coinage would have to happen via screenshot

so you’re saying if I post this it becomes a coin?

Farcaster

community strategy at @offchainlabs,  contributing to /arbitrum

maybe to start but I fear these things only go in one direction

🔔 🔔 
this is how I'm thinking about farcaster + base competitive positioning right now 
🔔 🔔 

tba just introduced a "buyable by default" feature and farcaster is about to release one tomorrow. 

what does this tell us about the state of things?

on one hand, not that much. the idea around tokenizing posts has been circulating in the space for a long time. we laughed at lens when they tried it, but it's pretty cool now that we're doing it 😈  

i'm not currently an enjoyoor of any contentcoin platforms, but they do theoretically create information markets with some legibility, which could be a valuable feature for a social app

on the other hand, buyable by default means that the financial component is no longer secondary. we're at a point where it's clear that farcaster can't compete head-on against other social networks for "interesting content". things may change here but as @nonlinear.eth casted earlier, hope isn't a strategy

the best alternative strategy available on the board is to lean into tokenization and information markets. it's the only edge farcaster clearly holds over other networks.

it's the backdoor bet that farcaster, base and zora are all making and i suspect it's no coincidence that farcaster is releasing their own tokenization model right as base is. this is the main monetization axis they expect to compete on as clients

the tricky part is that these systems only work as information markets once you reach a certain scale -- a scale that neither of farcaster and zora are approaching

the optimistic path is that these information markets unlock enough value to create enough distribution to generate enough trading revenue to attract a scaled quantity of interesting content to kickstart the flywheel

but we've seen what happens when you lead too heavily with financialized social primitives. there is very little good content and a lot of bad content on zora and lens. sorry. not to mention a graveyard of forgotten social projects that have led with tokens

we have real and good content here, though not as much as we'd like. the ultimate question is whether there is enough good content and strong culture to turn the corner and make the jump from a social network to an information market

wrote a thread on this

you can make a logical case for it but it’s not without risks

wrote a thread on this

you can make a logical case for it but it’s not without risks 

https://farcaster.xyz/mjc716/0xe666c398

mfs literally said “let’s make it a square”

can we make the jump from social network to information market?

friendly neighborhood shitcaster // working on @pinetree

but wisdom implies something that needs to be discovered 

how can it be discovered if everyone already knows

wisdom can’t be conventional if you think about it

it’s absolutely insane how quickly conventional wisdom changes in this space

this wasn’t a shill for the upcoming @procoin release but it plays into some of the same themes for sure

$PRO 0xF65C3c30dd36b508E29a538B79b21e9b9E504E6C | Probots | Procoin Curation Protocol coming soon

Pi-chi.eth Artist /animeoutcasts
Hosting: /sakura /kyoto /anime-manga /farcasterunion

https://portrait.so/pichi

hello, pay attention to me https://farcaster.xyz/mjc716/0xe666c398

🎩 first, but I like being part of this experiment that is Farcaster 🌶️

yea the post wasn’t so much about our new release, more just talking about the current landscape

yea for Feeds, curators are monetized by traders and also a selection of revenue models that can be built into the system (there’s a little on this in the whitepaper)

Pragmatism (Security) at OP Labs.
Prev: ConsenSys & Coinbase.

Attribs: Friendly, curious, introverted, mid-witted.
Chans: /eth-security /maurelian /stoicism




app developer /spotlight | MediaFi & Attention Markets

MJC

@mjc716