Are we back or it’s just a trap 🪤 🪤 ? #btc #base #bullrun
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🤔 What if Base just stealth-acquired Farcaster? - Farcaster announces pivot & admits no PMF after $180M - Days later Base drops a wallet-first social app that looks EXACTLY like Farcaster’s original vision Coinbase eliminated the competition without anyone noticing. No evidence confirms an acquisition, but the theory gains traction in web3 communities. #Base #Farcaster #Coinbase
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Farcaster Goes Wallet-First 🚨 - Farcaster after 4.5 yrs & $150M: “We never truly found PMF as a decentralized Twitter.” Brutal honesty from @dwr - Farcaster pivots: Social-first → Wallet-first. Come for the crypto tools, stay for the network - Lesson: Can’t beat X/Twitter at pure social. Network effects too strong. Tooling > feeds for onboarding - New plan: seamless onchain wallet (pay, trade, sign) as the front door. Social comes after - “Come for the tool, stay for the network” worked for Base. Farcaster now all-in on it - Protocol > app advantage: easier to add wallet-first than bolt wallet onto social later - Crypto’s “Twitter killer” era is dead. Wallet era begins
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