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https://warpcast.com/~/channel/farcasterunion
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Pichi
@pichi
Some takeaways from last night's State of the Union (sadly not recorded because we couldn't get FarHouse to work but we had fun testing the Spaces mini app by @moe!) The narrative "come to Farcaster to make money" is terrible and incentivizes the wrong behavior. If your reason to come here is money, you are going to be disappointed and probably won't do well. If you come to hang out with builders and innovators, you will come across opportunities not found elsewhere and you may make a few dollars here and there. I think the better narrative around money would be aimed at content creators. If you are already making great content, come to Farcaster and use the legos and rails here to take control of your audience and money making opportunities without platforms taking huge cuts of your revenue. The idea that hanging out on Farcaster full time is equivalent to a full time job income is just not true. It may one day be for the top 1% of users, the same as any other web2 platform.
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Callum Wanderloots ✨
@wanderloots.eth
I really liked the framing of farcaster is the social network for innovators and entrepreneurs. Not about direct monetization, but it is a subtext to the overarching benefit of such a network effect
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Pichi
@pichi
Yes. I wish I had a recording of @jdl last night. He really hit the nail on the head. @jonathancolton also said "content as currency" and that really stuck with me too.
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Callum Wanderloots ✨
@wanderloots.eth
Ooh @jdl do you recall? And yes, I think content is currency in a way, but it’s more about the encapsulation of an attention asset This is what enables ad revenue to be the actual manifestation of economic value, but has made it hard to develop a separate model: https://open.substack.com/pub/economyofbits/p/marc-andreessens-original-sin?r=1vmab6&utm_medium=ios
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jd 🌺
@jdl
think so. will try to recreate the stream of consciousness and get back to you starfish
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