retsacraF

@retsacraf

1213 Following

1104 Followers

Dan Romero pfp

Remember when the Bitcoin, Ethereum and Solana teams did their airdrops?

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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.)

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ok so now that pro is launched time to revisit the “probably dumb but might work after you launch subscription ideas” notion doc

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retsacraF pfp

https://www.betswirl.com/base/casino/dice/1554695089838873369973040988828061763339602664193810954854700957720838702022

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We sold 10,000 x $120 pro subscriptions for the protocol today with stablecoins on Base. No hiccups. For less than $10 in gas fees.

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https://www.betswirl.com/base/casino/dice/35725374814774196499274844965726388907751911154776187772425112717188027915643

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Dan Romero pfp

Why ship Farcaster Pro with just a badge? Why not wait until the other benefits are ready? 1. It’s optional. If you think that’s dumb, you can either wait to subscribe or just skip subscribing completely. 2. For startups, every day you delay something matters. Every time you say “this thing is different and worth delaying” you degrade your one true advantage as a startup: speed. It compounds. And then a few years later when it ultimately doesn’t work out, you likely missed out on something like 100% more opportunities to ship. Action produces information. Your pre-product-market-fit startup is not Apple.

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Have enjoyed listening to Walter Scheidel interviews recently. https://youtu.be/U4Stzxi-m4s?si=pRpw-OooqSUWfR9o https://youtu.be/ZrK-3-qYU8I?si=RwXvewmEwV7LgAhl

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Wow @uniqueobject you're so talented 😍

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Dan Romero pfp

PSA Warpcast -> Farcaster rebrand will start late tonight Pacific time. Will finish tomorrow morning Pacific time and we will announce when it’s complete. No action required on your part. Should be smooth but there may be a few brief hiccups!

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PSA We’re a US-based company. We have to follow financial regulations. This means 1) there are certain countries we cannot provide financial services to and 2) >$600 a year requires everyone to complete a W8 / W9 if they want to continue to receive payments from us. If you would prefer not to provide that, that’s OK. But we can’t pay you.

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$25K+ available for mini app builders

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https://x.com/kane/status/1924859929535643752

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The device will look good. Can you manufacture at consumer scale and compelling enough to displace existing ecosystem lock in ChatGPT memory might be enough to bootstrap a new ecosystem outside of Google or Apple

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