wake on Farcaster

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https://warpcast.com/~/channel/hottakes

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wake pfp

back in november, no one on twitter knew about farcaster. by december, ct transplants of two kinds began arriving, drawn like moths to our bright, beaming shitcoins: >profiteers, inspired by $POINTS (then $DEGEN) and the farcaster narrative >tourists, who follow profiteers but have no skin in the game the ct transplant tourists were gone by May/ June. the ct transplant profiteers who haven't left are still churning and will exit by end-of-year. their fortunes ride or die with twitter, whether they realize it or not. markers: >exited farcaster social tokens (all at once or progressively, disillusioned) >out of alignment with native farcaster token economy (no tribe) >pontificated often and loudly on why: [insert reasons here, usual blah blah] >theatrical pivot to alternative crypto scenes (Solana, usually) risk: >ct profiteers are habitually toxic: their farcaster shitcoin profits were less than they wanted (of course) and that makes them bitter and unneighborly. fascinating to watch play out, tho 🍿

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aferg pfp

>ct profiteers are habitually toxic: their farcaster shitcoin profits were less than they wanted (of course) and that makes them bitter and unneighborly. Have been surprised by some who I've seen falling into this camp that I wouldn't have expected...not a good look and I have the receipts (ie: bookmarks)

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Cake One 🎩🔵🎭🔴 pfp

Cake One 🎩🔵🎭🔴

@theonlycakeone

And there, there’s us, artists, who thought we had found a new place better than the shitty Elon shit show, to express ourselves. And have fun in the same time. We are many. And we are still here. 🤗

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Erik pfp

real some "non-crypto" ppl joined and have benefited more from fc (financially and socially) in the last 6 months than some ct ppl who have been at it for yrs now crazy thing is, the "normal" crowd might actually beat ct in getting onto fc, likely due to ct tying their identity to that app, and if this happens the onchain beginners have a real shot at lapping ppl (in terms of understanding the eco) who have been in the space

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Anemale🎩↑🔵ツ

I followed these users on Twitter for three years. I had very little interaction with them. By interaction, I mean that I had practically no strong relationships like the ones that are built. I tried to go back just to see how it was, but it was the same or worse. I don't know what they're doing over there. I tried to talk to them to find out why they left Farcaster. I didn't get a response. You're right.

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Breech pfp

And some of us are just shitcasters who show up to vibe and have fun. I don't need the pittance I receive from being here - though it is fun to give/earn - I just like the frens I've made and genuinely have a good time showing up. If/when that changes, I might pull back on my time spent, but it's been 4 1/2 months of showing up daily so far.

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Kien 🙏 pfp

Omg wake is replying to all the comments 🤯🫂 Builders gonna define who will be the users here. And all we need is the bullish thesis and innovations from the team. Execute Justin Sun on Tron and we get 30-50% dau increase for sure

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Fer pfp

I came here way back because I wanted a web3 based social. It felt lonely until my art friends started joining. It was going great for a while but like all socials, it reached the point where they cut the engagement for the average accounts and people are leaving. Shitcoins and points were a big player but what truly was brilliant for art was the frames to mint within the app. Now that I’ve lost my PB the frames don’t even load automatically. My friends are leaving. Maybe we are the tourists 💩

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g-mac 🔵 🎩🍖🍓 pfp

g-mac 🔵 🎩🍖🍓

Well said. My path was different. I've never used twitter really. Made accounts but never bothered with it. I've no concept of ct twitter aside from the odd "get rich quick" scheme thread a friend has shown me etc Feel lucky to have stumbled onto FC without having to trudge through the shite of X

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zoz pfp

Love the new folk who hung around because they saw the magic. Mimics the 4 yr cycle at a accelerated cadence

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Trebor🎩🟡 pfp

I see some of the ct profiteers occasionally come back, make 4728183 casts in a day and then disappear again So boring

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AtnsMDX pfp

No matter the financial status of this app. I will stay. If take out all the the tokens, frames etc it’s the best place for memes and funny casts. If you favor the algo with your preference, just spending 30 minutes here will give you a big smile

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Abbas🎩👾 pfp

I believe I built a good base to start what I planned to build later here. Lots of projects are coming in. Some are taking much time, and some will take even more, but I'm not stopping. I've been planning a lot and made good connections off-chain to maintain long-term goals here. Also, what about the end of the year? Why do you think profiteers will exist then?

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Rafaello pfp

So are you saying that ct profiteers won’t associate with farcaster anymore

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Angelus pfp

You are indirectly saying is over for all the farcaster coins?

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Disky.eth 🎩 pfp

It’s gonna be interesting to see the future beyond the profiteers. When Degen tipping was a bit broken (may-june) a lot of people left. Or accounts that just went in got big and cashed out on their projects (very much finger pointing at the Onchain guys) The whole Moxie eco system brought a lot of people back in but with the sole purpose of milking. And people trying to get an audience on their projects often fall flat because of it. I’m kinda waiting for the next phase now.

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meguce 🎩 pfp

I already know you don't like tipping, but what do you think about SCS systems? It's a system that rewards the early ones, but doesn't that exclude the rest? And doesn't it hinder us when we want to make this an effective place for crypto?

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aaronv pfp

while very accurate insights (& may the majority of converts) don’t forget the few is us who are creatives and optimists for a better way forward. While the groundswell has yet to take place, i still firmly believe this is a great place to begin a new or build residence even if ur not a coin chaser. tbd https://www.forbes.com/councils/forbestechcouncil/2024/07/05/web3-where-brands-embrace-a-social-first-future/

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