@pichi on Farcaster: "Fascinating analysis on the fi..."

6mo

Member

Fascinating analysis on the first 10,000 pro subscribers. We knew the NFT was going to drive subscriptions, but this is some of the first analysis of how intense the farming was. 24% of the people who minted had less than 10 followers. Almost 12% had 0 followers. Speculation on the future value of the NFT is right here in black and white. There is no way someone with 0 followers paid to “support” the protocol or get the future benefits of longer casts and more photos.

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That’s money in the pocket of people casting and developing on the network.

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I’m glad they handed us all free money. I’m a little surprised so many of them did so for pure speculation. They clearly aren’t here for the vibes.

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In crypto that's the thing no clear bounderies between curious users and speculators, 99% speculation in the space

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Too much expectation for the NFT in my opinion. But maybe they’re right

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Maybe we can all get rich ;)

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Ahah … I am ready 😂

Nope there trying to just make a quick $$

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Yeah. Clearly speculative farming.

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This was inevitable regardless of how the NFT was communicated and released

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So true. It’s just crazy to see the numbers emerge. Almost 1000 are super new accounts. These folks are paying attention but new. It’s not adding up.

Crazy stats! It really shows how much farming shaped the early NFT scene here. Makes you think about who’s truly supporting the network and who’s just playing the game. What do you guys think this means for the future value and community growth?

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Maybe farmers will become contributors ;)

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Farming was just survival at the start. But beware, those playing around now might become the monsters controlling everything later. Don’t underestimate the dark shadows lurking behind the NFT spotlight.:)

today's airdrops showed that farmers were right to risk $120, and so far after a day, it had paid off. "There is no other benefits to it" funny

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Other developers can use the legos Farcaster built. This is a good example of that happening!

*whispers* did u get quotecast rugged lol

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Yes! Stupid me to save it to double check my math!

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Sounds about right, didn’t make sense would sell out so quickly.

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I didn’t think 10pm would move so fast. It was exciting to watch!

i’ll be honest, i have been on here since it was warpcast, never was on here much because i felt like i was posting into an abyss so reverted all my focus back on X. the pro sub got me interested, while i wasn’t an avid user of farcaster, i still knew it was a good project with good people behind it, so decided to buy.

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Glad to have you checking it out again. We need more cool people hanging out more often.

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Although I’m happy to see the FC team hit their sales goal, I honestly don’t see how these farmers will boost long-term community engagement.

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Maybe they will stay and hang out ;)

Well the nft already paid for itself with procoin so they were right

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lol, so true! Devs are going to dev and the unofficial benefits from other projects may be amazing!

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Just another day in crypto! Everything must be farmed.

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lol, so true. It takes all kinds I guess!

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i missed it my a few mins because the subscribe button wasn’t working 😭😭

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It went super fast! I was fishing with bad signal!

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Yet here I am using the purple app since 2022 and didn’t make it to the first 10k 🥲

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I never imagined 10k would go that fast!