wtf is farcaster

Recorded: Feb. 5, 2024 Duration: 1:56:45

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What the fuck is good you our cast or MFers, but I'm not gonna lie to you
I've been in a fucking trance, bro. I've been in a fucking trance
we got we got some shit to talk about today because I I
Don't know gang
I'm feeling kind of excited right now. Here's what we're gonna do. Here's what we're gonna do
Here is what we are going to do is I'm gonna play a song as I always do
I'm gonna let some MFers up as I always do. I'm gonna paint some tweets at the top as I always do
And we're gonna get into it when we get into it
I miss y'all man. I miss y'all. I miss y'all. I miss y'all. I miss y'all. I miss y'all. I miss y'all. Oh, look
All right, cool. How much like this coffee that I just spilled all over my computer and I'm gonna be back in five minutes
I'll see you in a minute
The fucking flow
What the fuck is good you are we turn this shit off real quick what the fuck is good you crypto Twitter
Motherfuckers, we are back and we are better than absolutely ever man. It is a Monday. It's so good to be back
I'm seeing some beautiful faces on stage and
B-tech what the fuck is good man? Look, it was a great weekend. It was a great fucking weekend a lot happened
How about those Bitcoin puppets man, I'm not gonna lie
I didn't I did not spend time with NFT this weekend. You see the title of the space. We're gonna talk about it
My bachelor looking pretty good and there's some exciting shit the puppets are fucking flying. I
Made a tweet and I said I recently I gave the take on spaces, but then I made a tweet about it
I said imagine the smell when puppets flip node monks. I actually think it's got eyes. I genuinely believe the tweet
I think it's gonna happen and it's gonna be fucking crazy when it does so not to ordinals also the quantum cats
I think the whiteness
Section of the mint is live right now. So we could talk about that for a little bit
Also, Aiden Ross got scammed again last night on stream with
Trying to pay playboy Cory. I don't know how much of that was real or not
But apparently he offered him two million dollars cash and a Ferrari. I don't really believe that
also, I'm fully we talked about it today it happened, I'm fully convinced that the
21 Savage like marked cards gambling stream. That shit was that was it was so it was fucking good
It was really good. But that shit was fake. I had to be think there's no way I'm convinced
It's fake 21 Savage just dropped playing cards like literally 48 hours after it has to be fake
Um, so like we'll talk about NFTs. We're gonna do some of these topics. I'm not gonna even lie to you, bro
I'm not gonna lie to you. I was on the phone with leap and I was telling him like
The first time NFTs like clicked for me not the first time I bought an NFT
Not the first time I made money on NFTs, but the first time NFTs clicked for me
I had like a like 48 hour just like unhinged like manic like psychotic just like
Didn't sleep for like 72 hours and like couldn't even formulate a thought that had something to do with anything other than NFTs
It's like straight like manic shit. I could not even like sit still for it for like weeks
And I I'm just gonna say bro this weekend really yesterday like yesterday afternoon
I'm kind of pissed it was yesterday afternoon and not like Friday because I haven't had enough time with it to like fully
Formulate these two season whatever it is
I've not felt anything close to that since I have right now in this exact moment. I found a broadcaster
I'm not even lying, bro. I'm not even lying
This fucking platform. I don't even know what to call it. It's sufficiently decentralized network
I don't even know what to fucking call it warp cap. I don't even know to call it. I have not felt this like
Just as like this
Desire to like dive in and learn maybe since friend tech which which people look at and friend tech will talk about it today
It didn't age fucking well
But honestly, I still believe friend tech was sort of the the like it was a shit like front
That was a very significant moment when we look back in time
but I think there's a lot there's gonna be a lot of successful platforms protocols tools whatever built as a
Result of trying to do it with front tech attempted to do
This broadcaster shit is insane like I just minted an NFT
Natively embedded into a fucking tweet in one click with a wallet that was already connected to the network on the platform
And I kind of don't even really know what to do with myself after doing it
Like I I really don't even know what to do with myself after doing it one click. It was one click
I clicked mint. There's one click. It was kind of insane
It hasn't sort of my wallet yet. I'm not sure if I got wrong or what
But this forecaster platform is it's fucking nuts
So rather than then coming up here and preaching about some shit
I know hardly nothing about I invited a bunch of efforts to calm like 1030
It's 15 minutes from now 20 minutes from now. We got Emily on stage. We got bored in the audience
We're gonna talk about fucking forecast it today, but this frames thing is is absolutely insane. You can like
You can basically in and forgive my non-technical
Understanding or explanations, but you can basically like embed
miniature like websites into tweets
Like you can I mean there was someone who put a doom client like the video game into a fucking tweet
It's like many websites. You can run mints
You can run all types of like you can do the normal like polls and scrolls and carousels that you can on Twitter
but like bro, I
There was okay, so I have this ice cream started. I think I couldn't bookmark from
From forecaster, but there is this where's the tweet somebody did the first ordinals mint natively on forecast yesterday
Yeah, it's flick. It's the it's the v1 punk flick drop the ordinals men natively on forecast
Yes, it's fucked bro. It is fucking crazy. You're not sign up for this platform
Like you both sign up for this platform my entire timeline right now. It's like oh
But friend tech like friend tech this like fuck social fight
I don't even think it's fair to call this like social fire. I think there will be
Social fire like applications built on top of the base layer
and there's like angles or
Parts and pieces of social fire
But the friend and we'll talk about I've entire article open right now a couple of them also
Zeneca just wrote a fucking banger and has like 10 paragraphs about why this like isn't friend tech
It's kind of crazy though
like you would think crypto Twitter as a whole would be like the most open to trying new shit and
Experimenting like moving to the next chain wherever it is
But you kind of realize that people get very stuck in there
Like in their home in their environment
Like that's I think it's part of the reason like each Twitter took so long to move to fucking Solana
And part of the reason people like struggle so much going to like base and some of these these new chains
Whatever it is. They were like so stuck in their own ways
But isn't pretty crazy. I was looking at my DMS with I only signed up for this like four days ago
I think for oak texting. He was like to get him fucking forecast. I DM Dan in like January 2022
To sign up for this platform and he responded he responded and was like, you know, send me your email
Get you an invite never gave me an invite which it's okay
And then like two years didn't sign up platform, but I just did it four days ago. I
Feel like I'm fucking late, but you're really not like there's
30,000 to maybe 40,000 da use right now and it's like an all-time high for
Every day for the last like four or five days, which is kind of fucking insane
But it's really this frames like I think packing McCormick who's the goat dropped the article on it. It was like frames is
Like cryptos app store moment for the smartphone like this is like the app store moment for this smartphone, which is bro
It's a fucking bar
But you kind of have to like see it you kind of have to see it with your own eyes and like literally click the
Mint because it's like I'm going through also. It's a little bit confusing this platform
Like the feed is like not great. I'm trying to figure out
Like channel like you got like be in the right channels like your native home feed is pretty fucking mid
It's like a cluster fuck. It's all over the place. But this frames
Channel isn't I mean, it's probably wild like I'm just like scrolling this. It's like mint here
It's like oh, I just built this like one-on-one battle or like play this little mini game in our tweet
I broke up people are coding games in the post. It's kind of fucking nuts
And we've been talking. I want we'll talk to board about this a lot as well. We've been talking about like social phi a lot
Recently, I'm very curious like the the specifics in the crossover. Like what do we consider social phi?
How does this like where does this fit into that spectrum, etc, etc, but it's I mean, it's like one tweet right here
It's like, okay in platform wortle like I'm playing wortle right now
The tweet below it is a mint for some some like a rug NFT the tweet right below. It is like natively linked Emily's
paragraph article
It's fucking wild
I'm a little bit like scattered on it, but I genuinely think right now
Obviously, I'm preliminary stages here. If you even sign up this platform, like go sign up. Go claim your handle
There's nobody on this shit and it's it's I don't know. It's kind of crazy
Like Kobe was was on here fire and tweets about it yesterday
I just don't this isn't threats. Like this is not
Threats it is something completely different. I think maybe it was maybe was the packy
article as well
But it was basically writing about how like every new iteration of social media
like every next phase has to have some like killer feature that the prior one did and
Like Facebook was able to do that
Like Twitter was able to do that
Like every next evolution of social media has to have some like killer feature and it's bro
It's frames like it has to be frames like it actually has to be it's not gonna just be some like
Like we're not gonna the next phase of social media isn't like threads
There's like cloning acts like it is like doesn't make any sense
Effectively does not make any sense
Why we would just like move over to a new platform with less features in the prior one already had
But this frames thing is has my mind fucking going crazy
Also speaking of Dan I made a tweet
Yesterday at him because I was like, I don't know I started doing this. I'm like fuck it
I'm just gonna I want to interview someone. I'm gonna just like tweet it on the timeline if it happens
If it doesn't it doesn't I try to with Mark Cuban
I probably fumble that one to be fair, but he responded and was like, yeah, I'm down like let's fucking run it
This week is crazy with growth. We could probably do it next week. Next week's probably gonna be crazier with growth if we're being honest
But it is what it is yeah, here's his tweet he posted it I gotta check the floor price on these things but
This guy flick who I think flicked been on the stage before we talked to flick tweeted
Yeah, it's killed the only frame ordinal inscription and he had these these acts at all Valley
Ordinals mint so I think the way that it works is you
so it has like a
Section to enter your Bitcoin taproot address and it has mint one mint three mint five mint ten
So I think you could like I didn't mint it I was trying to figure it out
But I was on mobile was kind of a mess the way I understand it works with this
Ordinals mints is like you enter your address you click how many you want to mint and then you like send
The equivalent of Bitcoin to this address and then I'll just like show up in your wallet
I don't know. Well, I'm a little over the place, but this is fucking mad
We're gonna have a bunch of smarter people than I am come talk about it and we're gonna get into it
But even before we do that, we have such an NFT happening. There's some stuff going on. There's the max copy sales
We got puppets are fucking flying as ordinals myth
There's shit going on but genuinely I think that this is going to be something that we talk about a lot
I mean, but we talked about friend tech every day for like four weeks. So if we talk about friend tech
Daily for four weeks. I promise you we're we might have some fucking fun on this
Especially if we can get Dan or some of these bozos on stage
But look I'm rambling a little bit before we get too deep in a fucking anything
I gotta say what is good to my co-host resident co-host who's made it
I think daily for like five weeks now big tech. What is good em effort? What is going on? How is the weekend?
What are you looking at an NFT in crypto and all this before we get too deep into these social networks?
GM GM yeah feeling good. My man had a nice weekend
The thing that I'm writing about the moment or thinking about a lot was this million dollar NFT loan
I saw you saw that as well
The G money loan. I saw him talking about it earlier
I just think it's very very significant and I'm pretty happy because it's been one of my
big things that I've bet on
Financially by investing in a couple of companies, but also just you know
Just thinking about where the future state of finance is going
I think NFT lending is going to unlock a lot of possibilities in the future
So quite quite happy to see like that actually play out on like probably the biggest biggest scale ever
Is that I thought you money made a post and was like I think this is the biggest loan taking on NFT
But I don't want to double check. I don't know man like I think that's everyone's position at the moment
It's like yeah, it probably is unless anyone's gonna correct him and no one has so far
So you know what they say like if you put something out and you're wrong
That's the best way to find out if you're right or not and no one's corrected him yet. So seeming it's okay
Yeah, somebody called Cyrus and we'll we'll get the exact information there
Beastak what do you think about order knows right now? My puppets are flying or sticks are flying
Like what do you make of what's happening right now? I think puppets will definitely not flip a monk
I think that's like the main thing that I think because
Why is that because I hold a monk and you hold a puppet so let's
Let's keep it that way around ideally, but no man. I think like genuinely the puppets are fun
The pubs have always been fun. I think they've always been like a cool a cool thing to have
They've kind of cemented themselves in the meme culture potentially even the meme history of the ordinals
Ecosystem now, so I think they're having a good time, but I am watching quite closely for this cat's mint
Coming up. I saw a lot of them have been already minted out on white list
So I don't know what kind of situation it will be like when I'm trying to get in on public
Think it could be a little bit of carnage. Yeah, good luck. Yeah
People don't care about these fucking cats. I've been delayed like eight or nine times like two weeks later
I think zero spaces on my timeline talking about her. I do you think people still care about these cats? I I think a hundred percent
I think two things one
I think that delays absolutely do not matter at all
This up with this happened a hundred hundreds of times a lot of you guys be checked. It doesn't matter
They don't mind, you know, you just keep rolling. You just roll with it delays don't matter
Yes, it will provide an opportunity for people to fund it. They won't matter to the actual mint process. It won't stop people buying
The second thing I think though is
I've heard a little bit more I don't be interested to hear your take on this as someone who's already in
I've heard a bit more thought about the project. I don't know whether it's
delay related
More kind of just the fact that it's such an expensive price
I mean we've spoken about the delays
But what's your final take on the price TG because my take was like, yeah, okay fine
And I guess that is brought up the moonbirds comparison a couple of times where it's like, you know
The expensive mint the expensive mint like is that okay in my mind
I think it's okay. But do you think that that fear is justified? What's your thought on it? I
Mean, I think it's the take is like it's definitely not the best. Yeah, you know, we love fucking lovely in this space
He's like he's here all the time
consider him a homie
it's something not the best look in the world to have like a
Pretty substantially high mint price and Bitcoin the very large pool or pot at the end
When this thing mints out and just like delay delay delay delay delay
But also the case that like this is just this is the norm
It has been the norm for years is that anything hyping crypto just like does not have a smooth launch period no matter what?
And it's sort of the like it happens every single time
So I think at the end of the day, it's like they're gonna fucking mint out
They're gonna be a flip everyone that minted at mint price is gonna be in profit. So it's like I don't know
Like no, I don't I don't mind it at all to be quite honest
Like I don't understand how you could complain about it
Why you would complain about it
but it's more like at the end of the day the only people angry about it or the ones you don't get to men because
Every all whatever the support 3000 whatever every person that mints is happy like straight up
So it's sort of like okay who who isn't happy and it's enough for hating from outside the club
It's hanging from outside the club. You can't even get it. That's kind of how I look at it like I
The funds justified. I think it's justified. I think it's fair to be upset about it
I think it's like fair to look at other projects that are you know cheaper and not getting the same success recognition
but it's sort of like at the end of the day oody has
Done the rounds brought the fucking attention made the changes to Bitcoin got a list
This is like massive caravan of height behind the Wizards behind the cats whatever it is
He knows they're gonna make out of this price because we're we're gonna make them at this price
He knows they're gonna flip at this price because we're gonna flip them at this price and I I don't know
I kind of feel like the moonbirds comparisons the perfect one
It's like if they would make out of this price and be profitable. Why would you not?
Do it at that price? I mean, what do you think be checked?
Yeah, I think it's a funny one because like the moonbirds comparison
I guess the people flooding it are using the moonbirds comparison as a way to say like look it minted high and
You know now it's lower, but before it got lower it wasn't so much higher
So there was no one complaining about the moonbirds mint price for like multiple multiple months beforehand, right?
so like it's kind of like hindsight bias where it's easy to
Criticize and apply these labels after but like three weeks later four weeks later eight weeks later
You know after the moonbirds meant people would have been saying. Oh
What no completely justified well done everyone everyone's super smart here. So yeah, I think it's
It's probably an unfair comparison if you want to talk about it negatively because for a long period of time
It basically just went up. It went up relentlessly
So and yeah, there's no there's no evidence to suggest
Yeah, that they're not gonna be able to build and that's one of the criticisms of the moonbirds
ecosystem as things stand so
So yeah, maybe you answer in that respect. Yo, I'm not I'm not gonna lie to you. I'm not I'm not gonna lie to you
I can't even
Sit still and think about it. Okay. I cannot talk about it. I can't even do it. I can't focus. I'm sorry
I cannot fucking focus. I have to use right now. Oh, we got like can we fuck the JPEG?
I hope the quantum cats do well pump my oil pump my public. We gotta talk about forecasters
I can't I can't talk about after you unless they're frames natively embedded mints on forecast
I don't know fucking hear about it. I mean be tech talk to me, dude, like
First and foremost, I guess is be check on forecaster
Yeah, I've been on far caster a while
but of the two web three native socials that I what I
You know knew that I had to try out. I guess I picked the wrong one to try at the time
I was like messing around on lens a little bit more a while ago
I don't know if that's gonna come up have it same car for some point in time as well
That's the one I mess around on a little bit more
The only thing I had posted on far casket when I checked today to see if I got some of those D gen points was one
GM, so unfortunately, I I didn't I did not qualify for the edge up. Unfortunately
What about you tg?
Like 48 hours dude, and I I to be honest I did I did not
Even start like I didn't even I probably start up four days ago
I didn't pay any attention into like yesterday like 5 p.m
Like it's genuinely ever paid attention for like for like less than like 12 hours. It's like max. So so like forgive me
But be tight. Let me ask you this
Thread thread really quick. I got a meeting in three minutes. I apologize for interrupting the regularly scheduled programming
Bless up everyone grand rising. It is Monday February 5th and thread guy is speaking nothing but facts
If you're not on work castor right now, what are you doing? There is digital real estate to be
Assumed you could get handles that literally are like elite handles
Like thread guys handles on the court like they're available right now. So anybody who doesn't have a far castor account right now
What are you doing? Okay, you know, what are you doing? So, I mean, it's just like, you know
I've been on the platform for like seven years now it seems and
You know, I was begging people to take invites
literally begging like panhandling to these
Opepin VV community folks like guys, can you please get one of these, you know, please please take me, you know
There's incentives there's rewards. There's all this
nothing and then
Jack the butcher tweets a link and then it's just a floodgate. So I don't know what I don't know guys, but
You guys are early if you're not on the platform, but tomorrow you might be late and I got a call
Love you thread guy. I'll listen to the recording later
Look that was all great and all but I still don't know what the fuck forecast is
That's why it's the title of this face. So I do appreciate the show
In the answer you speaking facts. All right, I'm gonna ask you be checked and then we got some chats on stage
We can we can open it up a little bit Emily dropped a banger article
Gaming's been fucking going crazy on their boarding lines our favorite social platform ever
So we have some people to talk to I mean be check
Is this just friend tech 2.0 every fucking influencer?
My timeline is chillin forecaster talking about their tell my forecast for this forecast for that the same thing happened with friend
Tech like three months ago. Are we just back in the same loop be check what is happening?
Okay, so I definitely I've got a couple things say one. I definitely do not think it's friend tech 2.0
I think it's the wrong comparison to make them far more accurate comparison
I think based on my limited experience though
As you say the people around will be able to speak to this as well is
That it's you know, the next version of social media. So this is a direct Twitter
competitor from what I can see and
So it's not competing with friend tech is not trying to take your attention from there trying to take your attention away from Twitter and be
your social media home
The key question I have for the people who are more experienced and maybe bored
Todie Gammy would be able to speak to this in a little bit is
We were talking about this on our show this morning and the first person stood up just like you just did TG
I was like, oh these frames. It's the next level of social media got all this stuff embedded. They loved the word embedded
It's all embedded
You can mint the NFTs directly. It's so much fun all of that
And then the second person when I asked the question tell me about these D gen points thing. What's going on there?
What's what are all these airdrops going on? Is that part of the reason to what extent is that the reason for the adoption?
Or is it the actual underlying?
Technology, so maybe TG if you first have some reflections on that don't if you've come across that at the moment
Then that might be a good question for the for the others to have a think on
Yeah, let's let's fucking dive into it
I mean like there's a lot of
Asses being speculated on on top of forecast here
I think Emily talks about the D gens and his article a lot they're pretty pretty fucking banger
I mean, let's start going to motherfuckers. I mean look we got bored
We got Emily I'll throw it to you first board and let's just fucking start going some hands
I need to look I need to learn I got notes out right now
So we can we can onboard all crypto Twitter and I could be first they can ease my ref link we all print
I mean board I'm gonna throw it to you
But we first of all, I think you have at board on forecaster, which is fucking sick. Like finally, let's go
Finally finally finally dude
finally, I
Mean we talked a fucking ton when friend tech was was on a tear when front tech was going crazy
And I was going deep into your forecaster yesterday and you've been posting for a while. You've been commenting for a while
I mean, I want to like let's just like start here and then we can kind of dive into it
It's my whole timeline is like friend tech 2.0. This is friend tech 2.0. Is it friend tech 2.0?
I want to throw it to you and I'm pointing like this friend tech 2.0 and why the hell are you so jazzed on forecaster?
I mean, let me get the obligatory. I told you so about friend tech dying out of the way
All right. I've been saying that for a long time
why is that because it was built on speculation with the intent of making a product and something of substance later whereas
Farcaster is product and substance and then yes speculation is an accelerant for it
But it's been around for a while it attracted the builders and not the speculators and because it attracted builders first and creators first
There's a lot going on. You have things like frames you have
Really specific conversations and topic areas that are that are attracting people and yeah
You know naturally the the money is starting to flow in but is that the majority of what's driving the interest?
I don't think so
I think the the launch of frames and this idea of building an actual everything app that allows you to flow
Into it and out of it links go in links go out and apps that is that is really exciting and like a platform without
Developers will die right like speculators cannot keep a platform alive
It'll it'll be a nice little spike for a short amount of time and then it will go away
This feels really different and the really simple analogy that is my interpretation of what Farcaster is
I'm not claiming to be an expert on it, but here's how I'm thinking about it
Imagine a decentralized email, right? You can send emails to anybody you want. Anyone can send you an email
Most of most people use a centralized platform like Gmail or whatever, you know outlook something like that
Farcaster is essentially
That it is a messaging system that lets you send messages to a lot of people publicly and receive them as well
And then you have all these apps that can be built on it like a warp caster or super caster
Whatever that turns all those messages flying back and forth on this decentralized network into a clean interface that looks like Twitter
It doesn't have to look like Twitter, but that's kind of the most popular use case of it
But that's that's basically the idea
It's just like it is basically going back to the roots of the internet where information can flow in flow out
Nobody controls it people can only control the apps that lay on top of it
And that is that is the interface most people are using so that that's my quick take on basically everything we're seeing right now
So yeah, yeah get that. I told you so out of the way
For sure, that's fair. It's warranted. It's warranted. It's warranted. Yeah, he earned this one
Alright, I have a ton of questions and there's a lot of we got coop as well on stage shut the Koopa Troopa
So alright, so I'm getting there's like a lot of people
commenting about like a warpcast and
I think people
First of all, I don't think anyone knows what I don't even think I know what it is
But I kind of do now
There's like a lot of comments on a timeline that are like oh how is
Forecaster like sufficiently decentralized if like warpcast is a centralized app built on top of it. It's making me pay money
It's making me get my phone number. It's making me like gives my email
Like what what the fuck is the difference between warpcast and forecaster board?
Warpcaster is a client, right?
So it's basically running and it's creating a really nice interface to display all the thousands of messages that are going back and forth
It's like when you open your email in a nice app like Gmail
That is a pretty interface for all the the clunky, you know, techno stuff that you don't really care about
That's running in the background. So that's the main difference
And if you don't like warpcaster, you don't think it's like fully decentralized
You can just you know boot into farcaster and other apps or just go direct
Like it is basically like sending someone a message to their wallet
Like there are a lot of websites that let you just message one person to their wallet and get it back
But but farcaster is basically being able to do that at scale to many people at the same time
Board only accesses farcaster directly from etherscan. He's that much of a G
I could give I can give another example to go off of what?
What board said so you think of like things that are built on aetherium that we're all used to like one of them being like
a metamask wallet so metamask wallet is
allows you to access the
Ethereum network and and your addresses on there
But if you don't like metamask, you can go and use magic Eden's wallet or rainbow
You can use any wallet you'd like. Those are all clients that are built on
On eth to basically be able to access at the the eth network. So
work asked is
It's just a client built on farcaster, which is built on aetherium
So there's something called supercast which you can go and access the same features
It's just the interface is slightly different
There's a there's a protocol being built right now called a Bora, which is like social audio. So all of your no way
But I think like the biggest consideration out of all of this is if you use the word like sufficiently to centralize a lot
Of us use and work faster
Like someone like you TG who's like, you know built
You know, you've spent a lot of time building an audience and building a business a livelihood
and and that's built on Twitter and ultimately like building on Twitter, which is
you know, you're just a you're just a visitor on Elon Musk's server and
So you're building your castle on someone else's sand and I at any moment
They could take that from you and there's zero recourse, you know
It's a dumb question
It might be dumb question. Why wouldn't Twitter
Essentially act as this like DID to like index all of your followers in all of your social connections
So we could like take it cross-platform to a forecaster to a Warplands or whatever instantly connect with all your users now
I understand why they would it right because it's sort of like incentivizes competition
But I see it the other direction where it's like damn Twitter could be like the blue stamp gold label
For like your social network. He's not a crazy take. No, I mean that's and that's what that's what far casters
is that's the idea of what like what far case is building and then like
Decentralized publishing like things like paragraph XYZ. I mean that that's what's being built here
So, you know, I don't know if this if if the growth of far caster like actually drives
Twitter or effects change in
In how Twitter kind of handles this because it really is important. We've seen so many people
Deplatformed from from Twitter that and it's like that's their business like that that really can't happen in
With with the makeup of something like far casters, so you know, you own your audience
Right now like Twitter owns your audience and we're just kind of visitors
If you don't want their server, it's like, you know go into someone else's house and you know
They decide when you come or go that's that's that's how it works
But you know if you want to build a wallet on a theory and you don't have to ask permission to do that
You just go and do it and it's the same exact thing that's happening right now with our guests. It's a far guess
It's a way better model. I mean we want to own our audience especially like major platforms
Like you have like it's it's just it's crazy to think about
You know being deplatformed from your business because you're out you're building your business on someone else's sand you're building your
your castle on
With someone else's and they can just wipe it away from you and there's zero due process zero recourse
We've seen the emails that like these companies send out the centralized entities. There's zero due process to get in your account back
It's just it's crazy. And so this is like it's when Twitter was first launched the idea like that
Jack had the idea of like building it as a protocol, but I don't you know, it just didn't happen and and now we're so far
Into it, but does this I think the big question is like we see this growth with with farcaster
And it's obviously captured the attention of crypto Twitter like in a major way. This isn't friend tech
I mean these guys have been building this platform for over three years like that
This has been this is like this is this is like a labor of of love
That's been and worked on for quite some time and there's so many cool things going on that you mentioned my newsletter
I wrote about in that article and I'd love to share some at some point, but let's we'll keep going conversation
There's some incredibly sick stuff going on right now
Yeah, let's fucking go. Thanks for the background Emily and I do want to drop into that in a minute here
Be track co-host privilege. I know you had your hand up. What's going on?
And I had a question about
The building the audience thing I definitely I think that's the point you make about building your castle and someone else's sand is one of the biggest
questions that creators have
Since you know the rise of the internet like it's it's a very scary prospect the more you think about it
But I guess one of the reasons why we've felt like we have to stick so closely
To one is because of the network effect because of the pain and effort that it takes all the time to rebuild
Something somewhere else. So when you describe
warpcast and I'm forgive me
I might butcher some of this because I'm not the most technical person, but I'm sure you can correct it
If warpcast is like the entry point to it like the client like the Gmail for example
And you start building on we're like the meta mask is probably the better example got it
So you build the meta mask so you kind of that's your entry point your your tool of choice
What's so when there are competing ones like Rabi to extend the wallet metaphor
Like Rabi or rainbow or whatever and you suddenly think oh, hang on a second. That one is now better
Why is it better to be on that system?
And we what would stop you from being in the same situation where you're like, oh god, I've built everything in metamask
Now I need to go to Rabi
Well, everything's at the pro everything's at the protocol level
So if I you know just going back to the wallet address
So like you're everything is done at the protocol level of farcaster, which is you know, the decentralized protocol built on aetherium
so if you switch your wallet from metamask to
Magic Eden's wallet your address remains the same and in this case on the social side your your
Name and followers would stay the same and you just switched wallets. So like I use supercast as well. So
With all the growth this past weekend warp castor was down for a little bit. So I just went over to
Supercast which is a client that that allows you to access the farcaster protocol and all of my followers are still there all of my
Know the dirt the messaging like direct messaging is is different for the protocol
But all of the followers my feed all of that stuff is stored at the protocol level not at the warp caster level
So, you know, let's say warp caster does something crazy and they're like, you know start deplatforming you from their client
You could just go to another client. It's just like if it looks a metamask was like well
We don't like how you've used our platform and we don't like how you've you know, sent money between your own accounts
So we're gonna you're not allowed to use this anymore. It's like, okay, I've got my seed phrase. I have my private key
I'll just go to another wallet. My money's still by ether still there
same thing with like what's happening right now with with warp caster and far caster like
Warp casters just the client that allows you to touch the you know, shake hands with the protocol level
Which is where all of the the the messaging and all of that stuff is done
That's super interesting. That sounds really really awesome. I guess the only
Just to understand this correctly
Trouble with that. I would see based on what you said is that it would require
That the other people that say you've built all these follow-up followers on warp cast
It would require them to also have that did you mention it was it? No, no, they're all there
They're all you take them with you everywhere
The plant like the client doesn't own your followers that the protocol does and the protocol is far casters
So the client does not like the client's just reading what the protocol says
Interesting, but it would still require your follower to have
Supercast downloaded right? No. No, it's just like if I use magic Eden
Wallet, it just requires that someone else to have an if you're in the dress, you know, like it doesn't
Yeah, it's not it's like that's like the example would be like well
I use magic Eden so I can only send money to you know
If to be other people that use magic Eden, but you could you could send that everywhere
Very interesting that's it for me to you. I know that might have been basic questions, but hopefully that's
That's pretty wild. Okay, so then yeah, you own your audience full stop like
About the like the angry
Warp cast is centralized comments. Don't it don't tie in the forecast
It's just like the client that's built on top happens to be centralized, but there could be a million clients built on top
That's pretty fucking hey the fact
The fact that you can port your followers and your your your connects
Over to a different client without the other without having to rebuild it with the other person having to download it
Whatever it is the fact that it happens on a protocol level. That's fucking crazy
Let's do this. I got a shit ton of questions. We have some gigabrains on stage
I'm gonna throw it to profit and we'll go around to some of these hands. I mean profit. What's going on?
What do you think a friend fact 2.0?
My god, good morning, fam
First and foremost I need everybody to direct themselves to the top of the jumbotron and go ahead and click that link
That is me inviting you to warp cast number one number two
Thread guy, are you sigh upping sigh upping us right now? Be honest with me. Are you sigh upping us?
You don't know what this shit is this is not a this is not a this is not a I'm not a part of a
Cabal pump right now, right because I want to know about this look if I had something to sell you profits
You would have already bought it by now is where I'm at
Now so so I just wanted to make sure everybody use my link now everything Emily said was super on point
I just want to be devil's advocate and say
Why is it that every time a new fucking app comes out like this? We say oh you deserve to own your real estate in
Blah blah. Yeah, we fucking do but nobody seemed to figure it out yet. So let's I'm bullish on that
Let's figure that out. That's what I'm waiting for. I downloaded it. I'm playing with it
Let's see what the fuck is next but I'm really sick of that damn line of hey
This is gonna be the way you own your audience. Let's really see that. I want to see okay
Look, I love a good shameless link shows. I gotta give you credit for it. I got a respect. I got a respect game
All right, I got a bunch of questions actually, but the first one is like I we haven't really talked about frames
Let's talk about frames is I was fucking just like losing my mind having a moment here about frames
Then little d5 just replied. It was like bro. Lol. Lol. This has been a thing on lens for a very long time
Now I'm like
I'm important. Do you what are you on lens board? I?
Have an account. By the way, I just I just put my my thing up on the jumbotron to because I
Know right
The next person who talks is gonna do the same thing. I have a lens protocol
I grabbed at board there as well that like far casters already pretty confusing for a non-tech person like me lens takes it to
Another level and I don't really understand it at all
So I can't claim to be an expert answer any questions on it
But I think the intention is the same back to a profits point about owning your audience being able to port
Your community over to other places. I think the idea is the same there
Okay, I mean look look look look look look we got the music. We got to music and efforts on stage
We got fucking blow with his hand up who's I think Bob's been talking about goddamn forecaster for like multiple years
As long as I've been alive, but I was between my forecast. I mean Wow, what the hell is going on?
What what is why is this going crazy? Why have you been talking about forecasts for so goddamn?
Is this some kind of chill? Is this a VC shield Wow? What's going on exactly?
So Cooper and I were like
Talking at like 1 30 in the morning about this last night and now here we are on a space
So the backs did anybody talk about the backstory of forecaster at all yet and minimally minimally that's why you're here
Let's hear it. So Dan Romero was a boss over at coinbase for many many years
I believe he's like I think he joined coinbase within the first
Year, or maybe two years of its existence
I I believe it could have been the first year and Dan Dan's been a friend of mine for only four years
So I haven't known Dan for nearly as long as some of my other friends, but
basically
They spent about a year and a half
thinking about how a decentralized protocol for social media should look and
Then built a client. So warpcast is just a client for farcaster aka anyone can build another client that
Leverages the farcaster protocol. So imagine like everything on X and the full X API
Was open right and someone could build other clients on top of X that perform different actions
So they spent all this time building this protocol in that like, okay, like how do users work?
How does identity work on a protocol like this?
How do portable audiences work and that that in and of itself is it is a very complicated problem that I think
They've done the best at solving thus far and
You know, I joined forecaster two years ago wasn't really active
Cooper on stage was extremely active all throughout
And I've been more recently active for the past two weeks since the frame iteration and
The frame iteration is basically just created this network effect. That's blown up the use of farcaster
So initially just a lot of really cool people cool people that are like tech nerds that are using forecaster now
It's just like blown up to be way more than that and more members of the crypto community that aren't even developers
Are beginning to join I agree on the lens point that board brought up earlier that it's way easier to use the lens by miles
And I would say the only other thing I wanted to mention is with regard to frames
Like a frame is not that innovative in and of itself
And so like a frame is quite literally just an application built into a front like a front end application
So like frames have existed for it's just this iteration of frames
within a sort of web-free social app that is so special because
You can add buttons to a tweet or in this case a cast right so you can like mint an NFT from the actual cast
As opposed to having to click a link and connect a wallet and do all these other things. It's all a native experience
It's less clicks and it makes the actual
Social network like feed a lot more interesting and so if you haven't joined for forecaster yet
I am NOT going to add my my invite link above since you should just go use boards
But you'll find really quickly that you'll see these like applications that are built into the feed
So instead of linking you externally
And a frame is basically just a just a stylized embed with buttons and functions add crypto
And now you can mint things live and that's and that's what's really been making a takeoff is you have all this all these developers building
basically free mints meme mints
Other like I just posted my NFT gallery that you could actually browse through within the cast or let's call it a tweet
For all the other purposes. It's called a cast on far caster, and it just changes the actual experience
And it's frickin awesome so frames just basically created this influx of developers because the actual
documentation on frames is really easy for a developer to build something on top of
So you've just got all these third-party non far cast for people building really cool apps that you can use within the casts of the social
So that's what makes it really special
Okay, thanks for the background there blow
Okay question for you is like we've spent I mean we spent a ton of time
Talking about music and have teas and how that works and how how that plays out etc etc
Does the ability to like natively embed through?
Frames on forecast or like changed the way that we potentially think about
Music music NFT as it relates to you and your company it could right now. There's no audio playback function
We my company built a frame that we're launching
Hopefully it's it's a little bit more complicated because audio playback is in an option right now
It's just visuals and buttons right so you could like see a visual MNA NFT
Click the mint button in the cast aka the tweet right and all of a sudden you have the token
It's like it's like brainless. It's like it's a way faster less friction experience for a user for music
I definitely think it can it can change a lot. The first thing that we're building is we're doing a
Free pass to use my AI via mint on frame
So literally you'll be able to make the pass and then generate an unlimited number of previews, but you still have to link out
To listen to them. Unfortunately because it doesn't support audio playback today
Will they support audio playback in the future?
For sure. There's a lot of reasons why that's difficult like store like there's there's some file storage issues same reason why it's like hard to do
Music ordinals right like storing audio on the Bitcoin block space can be really expensive
Same as sort of sure from a bandwidth standpoint on on far caster for audio play black and for video playback
But gifts are of course a little bit easier. I would also say that like it's it's one of those things where
You can do you can make it whatever you want it to be
I literally made a meme coin in two clicks on yo, yo dot meme and
published it and I named I named it don't buy this and
I published it to far caster saying I did this for fun
Don't buy it and of course people are buying it and it's like but it's within like sounds like a security. I'm in
Yeah, exactly exactly a hundred percent
But like that's what I'm saying is like it the ease of using it and like it's I guess to sum it all up
It makes crypto feel a lot more usable for a mainstream person that doesn't know crypto
When you go through the full UX of far caster instead of like when you tweet about a project someone has to doubt like and they've
Never heard of it before they have to download a coinbase wallet. They have to fund the wallet. They have to do this
They have to do that with far caster frames and mints, you know
Because base is so cheap right now. A lot of people are just sponsoring the gas for some of these mints, right?
And by the way, this meme coin is on is on base, right?
It's not on ETH mainnet and it's just like as a user
I didn't have to pay gas to deploy the contract. I deploy it. It sets up an AMM
I post about it and then someone else can just hit the mint button if they have
Far caster, it's like it's like an unbelievable frictionless experience that I think that's what makes everyone excited about it
Yeah, I can't believe you're wilting on this
What do you mean bread?
You have for the last fucking month then like no social
Social files gonna fucking work if it competes with Twitter. Nothing's gonna fucking compete if it goes against Twitter
You need your boys right next to you. No chance. This thing is directly going against Twitter and you're like, oh, this is interesting
Bro, tell me more about this shit. Where you at?
All right fair fair take but I did say my
Test is if Kobe is willing to post them for on a different platform before Twitter we win
I'm not saying it's happened yet gang, but I don't know
Fair call out though. Absolutely
But it's sort of like the what blouse that I agree with you by the way
I'm I'm still that's that's my hesitancy right like it's like yeah
Like you need to be next to your boys and your girls
Like if you want to like is are you gonna get these big dogs over there to talk to them and and see that stuff you
Want Elon Musk right next to Blau right next to profits right next to board?
Like I want to like I don't want to have to go through another fucking app
It's just it's taxing to have all that shit
Well, like my counterpoint to that would be that the quality of the people that are currently on Farcaster and that will change
Our is stuff that I want to see regardless of someone else's quote-unquote celebrity like Linda G
Posted that you have a frames for NFT galleries now on Farcaster
And I'm like making my gallery in my Apple Vision Pro and then publishing it to Farcaster
And you can see the NFTs that I own without ever clicking out of Farcaster
So you don't have to like go click another link to look at my shit
It's just there and and like that's that's the kind of stuff that gets you gets you excited
And then the other people that are on there are people that I genuinely want to hear from as opposed to
Getting bodied to shit on and by the way that can happen anywhere
It's you know probably less likely on on Farcaster today
But there's there's more permissions for the developers to build tools around Farcaster than there are with Twitter
Whose API is a lot of shit as we all know right like so when you have an open platform like that
It just enables people to build on top of it and that creates a different type of network effect than the celebrity network effect
It's more of a grass. It's a grassroots thing. I think
Brega, I think the call-out is real as well. I have been screaming this for like four months
I'm like, yo some
Sociified platform hire me and please make it be one is not trying to compete with Twitter because you're gonna fucking lose
the only way you can compete with Twitter is you really got to win that like
The first that first mover content like it has to come to Twitter first or to the platform first
And I think the only way you can fucking do it is there has to be some
New feature or some new motive that like draws people over and just looking at like strictly
The deeds and activity how easy it is to launch a token
natively in these tweets how either in these where we cook casts would you go and cast it out easily it is to
natively launch a mint one click through a cast how easy it is to like launch a game or an
Experience through a cast like it's potentially the expert
I don't know and and I think that the take is like
Pretty deeply grounded in like a lot of history that you can't just like clone Twitter at some fun new client and just like
Steal a user base like the reds tried it failed miserably
friend tech sort of kind of tried it a little bit
Stars arena sort of kind of tried it a little bit and they sort of fail fail fail fail fail frames
I don't know. It's kind of interesting speculate like could this be the X factor. I mean co-host privilege
Let's go to I'll go back to you bread. We'll go to you bread. We'll go to Emily. We're gonna board
What do you think bread?
Yeah, so I I agree with you like it's but I I'm honestly less enthralled by the DJ and stuff like like board said earlier
That's an accelerant to what was already taking place there where a lot of like the core
OG aetherium community was spending a lot of time there
like if you listen to fucking and these are like people that are
hardcore OGs like on on aetheriums of italic and
Fucking sassle and all these MF errs all the developers like core devs
They were actually spending time over there before the frame stuff
So that makes me squint and say like yeah
There's potential here prior to this D gen accelerant that's on top of it and that makes it also interesting
So if it like if you can garner an actual community that way
But still like it feels it feels like isolated to me
And I think that's just like that's a long road to eventually either being continue to be isolated or whatever or like not
Reaching maximum potential right social social graphs are good because you can cross post against the fucking daily loud
Right you guys can also there and fucking click like retweet farm that shit and then come back and have technical conversations with you
Know whoever else right you can see read fucking side are talking about the lens protocol stuff
And then also talk about the spam stuff just like like Farcaster has a storage cost on the actual posting
so there is a little bit of civil resistance just because you have to pay for this shit to be on Jane and
That that stops bots from going crazy on it
The bot thing is is gonna be interesting to see how that plays out and potentially that could have some holds up seriously as well
It's gotten pretty brutal on Twitter. Let's go Emily. Let's go be check. Let's go board. What's up Emily?
Yeah, I think the other thing like some of the other considerations is
It's definitely an unfair comparison to talk about like friend tech and stars arena
Those were completely like I guess kind of novel type concepts, but I mentioned that
These guys have been building for building this platform for three years
But what Blau said was also made me think about it. It's like like frames is not novel
You know Facebook basically launched frames. It's called the open graph protocol
But and that was back in like 2009 or 2010 maybe 2011
But so it was a long time ago and the idea there was to allow like third-party sites to integrate more deeply with Facebook
But we all know that like these algorithms and API is they're not they're not open source. So the challenge there
So integrating frames into something like Twitter, which is which I guess you could look at far tester is like well
But the internet allowed us to transfer
exchange information at the speed of light or the speed of sound and and
crypto allows us to exchange value like maybe faster than that and
The neat thing here is like you're taking technology like Facebook's open graph protocol from 2010
But it was missing a key component and that was like the transfer of value
And that that combination like social with the transfer with the ability to transfer value without ever leaving the app
Like that's what crypto powers here and like that's that's just like that is just a beautiful thing. It's like so
Incredible. So I don't know
and then I guess one last point is
social is only fun if your friends are there and like people that you like to interact with and I
Was on far caster for quite a while over a year and I didn't really interact there
there there weren't like a ton of people was like you guys have all mentioned like
like OGE devs and
But now it's like there's there's more people there and signal is way greater than noise
Like I the last week I've spent way more time on far caster than I have on Twitter
And and I like I don't miss anything that's happening on Twitter really like there's enough
There's enough going on and enough like high-quality people that it's it is it is fun. Like our friends are there
It's like I'm actually having fun there when a year ago when I went on I was like, I wasn't really having fun there
So I think the more people that come over they'll probably experience it like a similar thing. I
think the
Social is only fun if your friends are on their take is a pretty good one
I think it tends to come down as well to like where does the content go first like the quality the point
Oh one percent of content like where where does it go first?
We definitely hit an inflection point at some point here because I also like got a call out like yes
I'm jazzed about it. Yes, I think there's something here of real substance and staying power
But like we also felt this way with a platform like Fred
I know it's wildly different and comparing them isn't the best one-to-one comparison
But there is 100% this like early to a new platform early
Doba mean getting a lot of follows really fast getting a lot of engagement. Nobody else is on it
You feel like you're sort of?
You know a pioneer of a new
Technology a new platform which you quite literally are but there definitely is this like increased heightened
Dopamine that you get from being early to the new platform, which I think is like worth calling out. All right, let's do this
We gotta go co-host privilege to be check. We gotta go to board
We gotta go to mark and then we got blowing game. You've got a lot of hands removing through a beach that co-host privilege
What's going on, baby?
So I think I've got a question
Stemming from one of the things bread and Emily said which is like we know that social is more fun when there's more people
But there does seem to be a tension I think between
or conflict between
The fact that yes social is more fun when you're around the people you like
versus being around too many people can sometimes get
taxing and
People have complained. I'm not saying I complain of it
But people have complained of Twitter being like a toxic environment and just difficult to operate
And I know one of the people you said TG is that Kobe?
I mean Kobe basically went quiet here
because I think you found it all too much to like
Continue posting in the way that he used to and it's kind of going away to this like quiet place
Where there's a bit more peace and calm and I wonder whether
Like I completely agree on the one hand that social is more fun when people are around
But the groups of people that you've described that have gone over like these OG crypto hardcore dads
They're like all these group of like-minded smart
interesting people
People like Kobe who've you know want somewhere quieter to be able to kind of work through these conversations
And then another benefit that I've seen that people talk about is the fact there's no bots there
It's not it's less kind of annoying in that respect
But the question is like does that scale like the more people that come over which we claim is going to be more fun
The more people come then that kind of atmosphere and that community and being able to speak in that kind of calmer
Considered way and interact more calmly with each other. Is that possible when all of us kind of flood in?
Like I'm not I'm I'm skeptical as to whether you can maintain that type of environment
I mean that was literally the friend tech thing, right?
Like we're like, oh all these people have too many DMS. Let's go into this this small little hole
That's kind of gate kept by by money
So now Anson can talk over there and actually respond to people as opposed to getting bombarded with his fucking
You know next call out on Twitter like that was the entire thing. They're like, yes, there's Ponzinomics there
Yes racers fucking retarded
Like I think we can all agree with that but that was the core concept that we're now
Like it's the same thing and that's that's kind of why I'm bearish against the like replace social thing
It becomes too much for everyone
Same thing. I don't think it's the same thing. It's not one-to-one, but like it's it's similar
Just to highlight a quick difference because I know there are other hands like the biggest difference is
You as the creator of your blau. I'm trying to step in for threads
We don't do hands around here and I'd be kicking these in efforts if I had the chance
I think the difference is when you join friend tech you don't have a choice
On how you build your community. There's this bonding curve that they've created and it's priced how they want it to be priced and
You just tell people to buy some shit and then there's risk of other people selling with farcaster
It is it is in my opinion the first major
Non-speculative application that can be speculative if you want it to be aka. I think the biggest differential is its openness
Versus the sort of close nature of other social platform or even crypto social platforms close nature in how you can actually get involved in the
Direct and then the second the second thing I would say is
The scale of it doesn't matter
There are lots of really successful
Network effect type platforms that grow in niche ways
Where you have these communities of people and you don't need celebrities
You know do you don't need a massive audience to build a really successful product?
My favorite example of this is this thing called turntable FM which some of you might know about
It was basically like a music social sharing experience that got shut down because of licensing issues
But it was a really really really strong community of like tech lovers that would just go and DJ in these rooms for their friends
And it got really big. I think at one point they had millions of users
But then it got shut down because of licensing and it didn't like attract any celebrities per se at the time
But it was still a really successful social music product
And I think that's important to notice like no matter how big farcaster gets it doesn't have to be the biggest thing in the world
To provide value to people that are using it
Okay, can I ask a question to you?
Yeah, I was just gonna ask on the back of that blau
Like are you then saying so I completely agree with that in principle like not everything needs to be like the Amazon killer
the iPhone killer like you know the Twitter killer but
Following that to its logical conclusion are you suggesting that maybe it doesn't need to take down Twitter
These things are gonna exist in their own ways Twitter will still be where it is
This might be just a slightly more niche product
My opinion of why I like why I like the original idea for farcaster
When it was first, you know when I was first on boarded two and a half years ago to now is
Totally different from like the value proposition of every other social platform and he and it's as simple as this
A lot of creators right whether you're a blogger or a musician or a visual artist
there's one problem with the web to Internet that
Translates across any social platform and that is the fact that you do not know who your audience is
It is the biggest problem Spotify asks me every year to upload a selfie video thanking the top 1% of my fans
I don't know who those people are
I don't have access to their data and when they tweet or Instagram me that they were in the top 1% of my
Shit it gets filtered in the spam folder and I have to go look for it because I obviously want to thank them for being
supportive what farcaster does that is different than anything that has preceded it is it has taken the concept of portable audiences on blockchains and
Made it real at scale at a scale that's meaningful aka, you know over a hundred thousand people using it and
So for any creator when you create a farcaster and you get a follower that follower that followers wallet is
That data is in your possession because it exists on chain
That is the number one value proposition
My opinion of blockchains for creators is knowing your audience portable audiences and transparency
That is the problem with every web to company that
Rehypothecates creators content for ad revenue, right?
So farcaster in my opinion and I've known Dan for a minute and he's Dan and Veron both are like some
interesting credible minds in crypto
This is just like the first version that's actually working
And now why does this matter because I even though like my real fans are not on farcaster
And I have a very distinct Instagram audience from a Twitter audience
Like if you guys go look at my latest Instagram post
It's a bunch of haters hating on hating on AI shit that I was doing and then in Twitter and farcaster was like
Oh my god, this is so exciting and it's just totally up totally opposite audiences
But in a world where I could convert people in my Instagram audience to farcaster now
Those are fans that I have a relationship with for life aka
I know their wallet addresses and I can interact with them
That is is the core value and I would also say like finally that you know, we haven't really had that opportunity before
Not knowing who your audience is is the biggest dilemma for any creator because because of this idea of like when one new platform gets popular
You have no idea who's following you in that platform and how you can reach them on another a la tick-tock, right?
Like I have like almost zero tick-tock following because I can't like get it's not very easy to convince my existing followers
On other platforms to come and follow me on tick-tock. Whereas with farcaster
I can now build an application on my website to say hey scan for these wallet addresses who are following me on farcaster and
I can enable those people to listen to music. That's not out yet
Just because they follow me on farcaster that type of portable audience like mechanism is to me
The biggest value of crypto for creators not new monetization NFTs not mean coins on any of that
It's just the idea of knowing who your audience is and and farcaster demonstrates this in a really powerful way
The problem is you have to rebuild it though, right? That's that's always the most daunting thing thread guy has over a hundred thousand followers
He does not want to rebuild his entire people over there
And there's like if you just wanted wall addresses associated your followers, I can spend that up for you, right?
I had two million likes on Facebook back in the day, you know, like this is just reality
It sucks. It sucks that like you have to do it, but it's maybe looking forward. You won't have to do it again
What if it's the last time right here right now? We ever have to do it again, Brad. Have you ever considered Brad?
It's a new paradigm. I will never have to rebuild a social audience ever fucking again. God. I hope so. Alright, let's
Let's do this. Let's do this. I want someone to board and we gotta knock out mark
We gotta go to Danny as well. Let's hit these hands bored Elon. What's going on in that for what do you think?
I mean you got to diversify your distribution too, right?
Like it's it's very daunting to have all of your following all of your community in one place
What if tomorrow with Twitter shuts down? What if they kick you out?
It's it's good to build somewhere else even if it sucks to have to rebuild
But that is that is what we're doing and I am very excited about never having to do that again, honestly
But the point I wanted to make was thread you were talking about competition to Twitter and not having like a direct attack on
It hundred percent agree Twitter has massive network effects. It's hard to to go after that
I think far cast here though is going after the second app
So most people here probably use Twitter as their primary social experience
But you've got a secondary app that you use for more niche content right for segmenting information. It could be discord
It could be telegram
It could be subreddits places where you can basically get out of the the fire hose of information that we all get here on Twitter
That is like everything all the time all at once
For quieter and just more specific conversations
That's I think far caster can take that number two spot where it becomes the default next place you go after Twitter
So I don't think things have to be there first. I think Twitter can still be that megaphone
Where you reach the masses, but I do think that it's a there's an opportunity for it to become something that does displace
Discord subreddits things that are really messy and again super centralized and not not something you have you controlled
Yeah, and I'll say this is you could engulf like a combination of
Discord slash telegram slash reddit across the three you sort of cultivate like a pretty large surface area there
although from I
Don't know from from a top-down content though like not being in a primary platform. It's tough
It's like objectively tough to get people to stick around
Posting frequently and actively when it isn't the prominent class like it's tough
It is definitely tough
But I think there's something here with this quote-unquote owning your audience and I like we're joking about
The fact that this could be the last time you have to grow an audience, but imagine it actually was
Imagine it actually was that
That's some new paradigm should also I posted a poll to the top of this space. How long is far caster could be relevant for?
Fucking vote. Let's get a little stats get a little data flowing in this space. We're getting technical
We're getting analytical in these spaces mark. What's going on, baby?
Yo, what's up guys? Thanks for having me up thread
I wanted to bring some attention to
An actual cast from Jacob who on Twitter is at JS underscore horn the creator of Zora
But on far caster is at Jacob
There are things on far caster called far caster IDs people refer to them as like an F ID
it's kind of like a
Like an on chain sort of metric of remember when when when the threads was coming out
And you were like this is my you know my number. I'm the lowest number. I'm the I'm
You know I was on this platform before you kind of thing
So Jacob clearly because he has at Jacob on far caster has been there for a long time
He says it'll be obvious in hindsight that crypto Twitter wanted a crypto based Twitter
and I think that's probably the best way to explain the attraction of a far caster and of war cast because
I think someone said it earlier, too
I actually pinned up at the top coops tweet that said the easiest way to understand far caster is its Twitter
But everyone has a wallet whether they know it or not
So like you could say this is a Trojan horse
Attempt, but I think even more than that right now the people who are
Crypto natives on Twitter have always wanted something where crypto is actually it's it's a crypto based
Platform for posting and for engaging and I think because Twitter X has become such a mess in the last like
You know two years or so especially with spam bots things like that that have tried to be resolved
But just keep getting worse somehow. I think the the value proposition is just
Right now the people who want to be over there aren't even over there for the same reason that people are going over to the threads
Where it's like the hype of getting all the engagement in the dopamine and stuff like that like all of my casts have literally zero likes
And that crypto Twitter inherently like wants a crypto native social platform
But let me ask you this isn't part of the value prop of using Twitter for your crypto content the idea
That you can at one point or another break out like you can at one point or another expand your audience beyond CT
You can at one point or another have a thought or a tweet or a thread or an idea or a thesis that like
extends well beyond the walls and the barriers of what crypto Twitter is and goes to the mainstream that Twitter already offers like
Isn't it in a sense growing an audience with your hand behind your back on a far caster?
Yeah, I think so. Like I don't think anyone like should be going over to far caster to try to
Try to grow beyond it kind of thing
I think it's one of those things that's actually a little bit inverse to the way that we see Twitter today
Which is like you can explode you can go viral
Warp casts in and far caster are kind of like I see them a little bit more like reddit where like you have these
channels that are like slash base or slash open and
You go into those like in like a subreddit and you can post in those or you can just post regularly
So you're siloing into like a more specific
Audience and a more specific like-minded type people
I think that
Like it's not trying to be a replacement of Twitter
And I think that X is always gonna have that on something like far caster where you won't really be able to ever
Eclipse far caster. In fact, the idea is actually to if there was an opposite of eclipse
I don't know what that would be but like you're really in yeah embed yourself in the protocol, right?
You're not trying to grow beyond it. You're actually trying to own it like quite literally you're trying to own your network
You're trying to own your data
You're trying to not have some overarching big tech tech company kind of using all of your data for it for ad revenue and things
Like that. Okay. Look, I think it's a good take and I appreciate you being up your mark
So that'll happen is looking dapper mighty fine. All right, here's a question. I want to it's a gammy
You don't even have to answer this question, but I just want to throw it out there
It's like okay
I guess my mind like that the style of forecast like makes sense
Like I understand I'm on here
I'm jazzed about it what I'm trying to figure out is what's stopping you on from like right now one button click like
Incorporating frames and then people just being like fuck the underlying network. We don't even care frames are on here
I already have my audience on Twitter already have the network effects on Twitter
Like what's stopping Elon from one button just incorporating the value props that we have on far caster, too
Hey, Gabby, I'm gonna throw it to you. Oh real quick board. I need one of these up in there
For breaking man, like that what you're what you're suggesting requires like a 500 developers to be hired tomorrow
There's no way it requires a protocol and wallets. Okay, I mean Danny you can fuck it on fire
I don't even know what I found your account for a forecast yesterday, but you were supposed crazy shit
I've tapped it instantly. Yeah back if you love to see ya
I mean what is going on about for was my Twitter take right there. Absolutely awful and what's on your mind?
Yeah GM and yeah coming to you from Sydney down under so yeah, look the take on Twitter
Pivoting into being like a far caster competitor. I think boards on the money
It's it's quite an undertaking to onboard billions of people to a crypto wallet
Elon's got his own ideas around the financial system. I guess he wants to have
something centralized or partly decentralized who knows but the issue is for me
I think it's more about the fact that the internet that like you guys and I'm saying
You guys in your 20s like TG us in our 30s late 30s early 40s. I can see a few in the crowd here
Sort of grew up in the internet when it was a diverse place. So
Just retweeted a tweet by a guy Tom Eastman
Who in 2018? He said I'm old enough to remember when the internet wasn't a group of five websites each
Consisting of screenshots of text from the other four
So if you think about like the internet that most people grew up on sort of in their 20s at the moment
It's pretty much like Facebook Instagram, etc
You sort of are in this platform that dictates the rules feeds you via whatever algorithm
They see fit and when you're growing an audience, it's not just the fact that you can't port the audience
It's the fact that you're not growing that audience for you
You're growing it for them to monetize through advertising
So you'll notice like on social a lot of people with big audiences. What are they turn to?
they turn to decentralized protocols already and they have for many years and let's
Use the example of email email lists, right? So people are like, oh shit
I'm a bit worried. I might lose all of my YouTube subscribers or my Twitter followers
I'm gonna start a newsletter and the point of that is that email is a very good analogy for the podcast the protocol
Basically, you you're creating a list a social graph that you can contact in an open and permissionless way
And then it's up to you which you know client you use
So if it was email, for example, the basic
analogy to
Warpcast being Gmail and then you know if you wanted to do like
Automated email lists and out like once a week or whatever, you know similar to like a sub stack you might find another
file casting point to do that with so I think what yeah, what's exciting for me is like
The internet that I grew up on was like a really diverse and weird place, you know, like it was
Shit tons of hyperlinks. It was crawling through
various corners of the web and discovering things that people had made and what's exciting for me about the centralized social is like
The the rules are dictated by the developer of the client
Aside from at the protocol level where they're basically, you know, very few rules
So you're gonna see a lot more diversity in the in the content that surface to a lot more
Links to visit because we know on social media like they don't want you visiting a fucking link because it's your eyeballs somewhere else
and they can't monetize that shit, so
yeah, that's basically why I'm excited about Farcaster and I'm pretty much bringing back that diversity and weirdness that the internet had in web
one lost in web two and then web threes really just a
Nostalgic hark back to the good old days
And that's why a lot of the builders that you see that are doing this stuff for sort of in their 30s, right?
It's like there's a there's a nostalgia foot for the good old days of when the internet was a free and open place
And people, you know, I know people who have literally never been outside of Facebook
for example, like like they do everything in Facebook and it sounds a whole lot like you know
What we we see over in China with, you know
The great firewall of China and lock-ins into the Tencent
Ecosystem with a lot of the apps and we chat and they're super app ecosystems, you know, it's about
It's about keeping people in their lane to take the actions that you want them to take so I
Think Farcast is gonna be a really exciting place to watch for developers
experiences around all sorts of
niches or or even like old days of reddit and Twitter actually like in
In the early days of Twitter all the API's and all the dev platform SDK is everything were open. You could create all different
clients you could create different tools and
The same was with reddit reddit used to have such a diverse ecosystem of different
Different clients and you know, some of them were like privacy preserving so you didn't have to
Get any advertising you didn't get followed around with pixels and tracking links and all that sort of shit
And you could pretty much experience like the social graph as a protocol
like we're talking about with Farcaster and the last thing I would say is just that when when you
when you think about like
Farcaster as a platform that you know so far warpcast being the main
Client has done a really good job with with things like channels and
NFT gated and token gated group chats and all these sorts of things that just sort of are very crypto native
But you know, we're only a couple of steps away from that being abstracted away even more
but it's it's it's a good sort of like early example of the kinds of things we can see and
Yeah, very excited about what is being funded by nouns at the moment to actually there's some you know
the nouns community after like
Nuking the discord pretty early on
Gathered on Farcaster. There's a nouns channel with like
25,000 followers or something and that's where we discuss all our governance and shit and so
very soon there'll be nannish clients and you know, they're things that we're funding so that
Can demonstrate what can be built on top of these protocols?
but also just to serve ourselves and help ourselves and make it what we want as opposed to what the
Algorithms and the shareholders and the fucking guys at the top point in these big big tech companies
Yeah, look, there's a lot there a lot to unpack you said some fucking bangers
Also, there's never straight-up cooking on forecast. You don't follow bro. Go go drop a fucking follow tap in
Here's a speaker of these highly technical
Forecaster post here's a here's good one from Kobe
The worst thing about forecasters so far is all the dot-e people I tried to avoid are already posting their
Platitudes on the forecaster app followed them by default when I signed up. You actually love to see that
That's a Kobe and my reading comprehension right there. Let's do this. It's a tough word. It's a tough word
I just sounded out. Let's do this. I got so much Emily and this I'm not for some tosy is fucking spirit
Also real quick to the stage any audience if you like a contrarian take if you fucking hate far caster
Please send me a DM and come on stage. I fucking want to hear your take. I'm gonna throw it to Emily
We'll go to some tosy. Then we gotta go to Naveen. We got ghosts. We got Adam
We got some hands to knock out Emily. What's going on? Poppy? Yeah, so
The guy who was just talking about
Like sub-stack articles and newsletters, there's a there's a there's an application on
Forecaster called paragraph
X Y Z and it's pretty badass. So it's basically if you if you know if you write a newsletter you could do it on paragraph and
And you publish it and and when you publish it, they basically set it up. So it is it is it's on chain
So the newsletters on chain, but you don't really like realize that you're interacting on chain
But the cool like a real-life
Implementation of frames so you finish your newsletter you click publish and then
Paragraph provides you with a link and if you put that link into far caster
It automatically creates a frame within within warp cast within that client. So you cast it tweet it and
Take the link from paragraph put it in cast it and then right there on your tweet or on your cast
You can the users are people that are like reading it
They could either they could one-click to subscribe and they subscribe with both
You know their email address and their if your image or us you could you could click to go and read it
Externally at the website so like online at paragraph or you could read it in line right there in the frame
So you never need to leave the app and it basically like it's a really slick interface
So you can read the entire newsletter right there in the frame subscribe all of that good stuff
And I'm telling you right now like I haven't done a ton of writing but this this this inspired me to do so and
in in a week I have over a thousand subscribers and
And and if your image rest is for every single one of them
So like just think of like the creativity for someone that's like pushing out content all the time in written form
You can now you have all of these addresses you can air drop them at NFT
You can you can interact with them in so many different ways like it's it's really really slick like that's one
Application of frames that I think is just just absolutely badass and it's like inspired me to do something. I haven't really done
And then I'll throw one more and then I'll hit the mute button. So
Pearl PRL is a game that
You can play on
On far caster
Through warp cast and basically like every day there's a new game or you can bet on us on an outcome
That's predetermined like a contest that's predetermined by the team. So will Brian Armstrong have more than
6,000 retweets or recasts during this 24-hour period and you have two choices
Yes, or no, if you select yes, then at the end of that contest you're awarded Pearl
Which don't there will be a token that that's associated with that right now
It's it's all chain if you don't know you get no points and every single day. There's new contest
Throw up there up like 16,000 people that are actually playing this thing
I'm telling you right now like this is this is like this is alpha like the team that's built this
Alex Kwan and
And others like this is like such an incredible
Application that people are having a ton of fun. Just betting on an outcome of a specific, you know
user on on cast and these guys are backed by like some of the some of the greatest folks that you could like
Balaji's a backer a 16 Z in the Scout program Sequoia and Scout program
the ex-president of Pinterest
You know early Facebook investors like the there's real shit going on here
So if you're on far caster if you're on work as I get no
I'm not telling you this because I get some kind of reward for it
I'm just I'm a user and I love it and I know Alex and it's absolutely badass. So like check out pearl
And I think you'll have fun with it
And then if you like writing and putting out content do it on paragraph and like on your audience
There's so many different ways that like you could you could you could do it. It's just it's I'm literally
Talking to Alex as we speak, which is hilarious
He's such a killer man out trying to figure something fun out. Hey, the pearl thing is crazy. I saw that
And tapped in it. The frames are also really good for this like he's like Poly Market predictions as well
In in in trading in that front the pro thing is wild
If you didn't follow up like follow the pearl account and check out what they're doing. There's some fucking really cool shit
Let's do this some tosy's been spamming me with thumbs down the tosy. It better be spicy. I'm after it better be hot
I'll throw it to you. I'm gonna beam. I'm gonna add a simp. What's going on him effort? Yo, dude, I got a question
What is the point of exporting a social graph?
It's just a bunch of hot wallets that you don't know that no one's ever gonna use again if our caster goes down
Why are you gonna use far caster if the entire fucking value proposition is the fact that you don't have to use far caster?
Also, why do you think you're getting any of this data off its server? Wait, hold on
So you're not using far caster you're using warp cast which is a client for far casters to the most popular client
There are okay, so blab you think you're gonna actually move all your hundreds of thousands of users to the next platform. You're lost
I'm gummy don't eat on on far caster. You maintain your whatever eNS or
Addresses you want just gonna link them back. So majority of the users register with hot wallets and it's irrelevant
That's just an onboarding step just like any okay, but then how are you gonna get followers to another platform another you having having been
So having had this happen
Seven times over my 14 year career. I'd love I'm excited that for once
I have some element of control versus zero mind you I can tell you the story of I built my entire audience on Facebook
YouTube and then SoundCloud which then everybody stopped caring about that migrated to Spotify for music consumption at which I have zero fucking data
And I've even open-sourced my artist profile. So like if anybody wants to see what an artist sees in Spotify
You get basically fucking nothing on your users. You just get like base level stats then Twitter, right then Instagram
Then tick tock right which I have zero followers on because I just literally don't give a fuck and it's Chinese spyware
So I like having gone through this eight times and still, you know
Going in New York and hopefully selling, you know, three thousand tickets to the public whether they're crypto users or not. I just love that for once
There's an element of control whereas in every other circumstance there was zero. Is it fun to migrate audiences?
No, is it annoying and like how likely is it that they even do it? I have no idea. So I agree with you there
I'm working on something now that's sort of Farcaster like the independent of Farcaster with the royal team
Which is in the same spirit as Farcaster, which is a Spotify attestation tool
Where you can actually prove your listening history on chain and if and depending on like a leaderboard, right?
If you're listening a lot
I will like I can interact directly with those users as opposed to just someone who's a random follower on
Instagram like the song eight years ago and it's never engaged at all since then right?
So there's like there's this just opens up. Look do I think this is the next big thing at this stage?
I have no idea
I've been on car history for two years and I've used it more in the past two weeks and the total two years
But do I think it's interesting and worth paying attention to?
Absolutely, but I'm not gonna stand here and say that it's like going to revolutionize the world in the next week
No, but it gives it gives us hope that portable audiences could become a real thing in the future
That's that's the extent of my my shell
Okay, I'll tell you what Blau on
Twitter says not a new paradigm Blau on Forecaster a little more bullish for those take
No, I'm still bullish bro. I'm still bullish. I I tend to reserve judgment over longer
Periods of time like and I think this is true of OpenSea like I was involved with OpenSea 2018
Invested in OpenSea because I felt that the world needed a more open platform than Nissi Gateway
OpenSea exploded
Competitors ate their lunch like it's the way of the fucking world. Do I am I still like
Bullish on open marketplaces as a thesis. Absolutely. Am I bullish on prediction markets like Poly Market?
And now there's a social prediction market like Pearl. That's embedded. I'm bullish on both of those things
Will they be the end all be all products?
I don't know tumblr was acquired famously for like 300 million or something and then sold for three or whatever
Like who knows you know what I mean? Like tumblr was the shit back in the day. Anyway, I'm actually really bullish on the prediction market thing
Poly's been going fucking crazy the last couple weeks couple months with volume with with users with transactions, whatever it is
Predicting market is gonna be massive. Let's do this. Although to back to simp real quick. We're going to Levine
We'll knock out his hand. Simp. Let's go, baby. You know, I just wanted to say you did a great job, man
He talks so smooth. But yeah, I think it's I think it's good points. Like I think your retaliation there is good. It's a good
Initiation or start to the process
but I think it's like a little overhyped in the sense that everyone's kind of like saying it does all these things where to
The point you just made it's like a move towards the right direction. So yeah, that's great
Hey, look at the simp out here simping
Absolutely. Just got body. I'd love to see it
Naveen good to see you. I'm after what is going on Naveen
Look, we talked a lot when friend tech was was having a little moment talks a lot about social platform
We're not talking about far caster very curious to get your take how you feel about how you've been using it
What do you think about it? What's going on Naveen?
Yeah, I mean
Far caster is basically just a glorified message board for Ethereum users
I mean, that's basically what it is and I think that's fine. Like that's not a judgment. That's just like I think factual
So, I mean like the top ten followed people on far caster are either all developers of far caster or
Basically, Ethereum people or venture capitalists that bet, you know almost exclusively in the Ethereum space and that's really fine
Like I just think you know, like when I started my career in the music business
We used to build message boards for artists. So I built the Lincoln Park message board up to a million
registered users and
Which it you know ended up being one of the largest, you know
online communities for a band, you know pre-myspace and
You know, we didn't have like a venture capital valuation for the Lincoln Park message board
I wish we did the band would have been really happy about that
But you know, it was like a niche community, right?
So I kind of be far casters very much in a niche a niche community
That's like very hardcore focused
Almost maniacally so on on aetherium oriented things like everyone talks about
Zora and everyone talks about bass and everyone talks about
Arbitrum and everyone talks about you know, the latest aetherium thing and and it's sort of a very like
One-dimensional view like it's it's being branded and marketed as like a web 3 product, but it's really
Specifically an aetherium product and and again, that's not a knock. That's just I think like what it is
And I I think it's really interesting like it's a
Sorry, what they're integrating they're working on a salon integration now. I don't I wouldn't say it's an aetherium product
I mean it is today
But that doesn't mean it will always be but also like the board is building social audio
So it's not just like a message board as well
I think the composability and permissionless nature of it allows like anyone to go and build a cool show
But before you rip my jugular out, let me let me finish my little take and then I'll shut up
So look, you know, it was message boards are obviously like antiques
But you know, like obviously if you were gonna build a message board today
It wouldn't be like a message board it'd be something it'd have a lot more functionality, you know
And that's fine. And so, you know message board with like the ability to have little micro apps or whatever
you know, what you're basically what frames are but it is very much an aetherium mindset product and
Sure, they can add other chains, you know over time and what it'll be I look I think it'll be fascinating to see if they add
Solana or when they add Solana like do the Solana people come over there and make it their own and if they do then
It'll be an aetherium and Solana product. And again, there's a lot of value in niche communities
I mean I grew up, you know, you know spending a lot of time on, you know
But you know communities like slash dot and other other communities out there that are very niche
Like, you know slash dot is, you know
Mostly for like technical people and you know, like developers and stuff and that's totally cool
Like slash that is like a fucking awesome place. There's nothing wrong about it
But I think it's really far from being like the future of social media
Like I think that's like a pretty like big step to take
I think it's a really really interesting
And I think if you are an aetherium centric person
And you really believe in the aetherium worldview you believe in L2s
You believe in the EVM you believe in all of the aetherium things. I think Farcaster is an excellent place for you
I think it's like an incredible place to go and connect with other like-minded people
That's at least what I found if you if you don't believe in that
Ethereum is like the defining protocol of web3
maybe you're more of a Bitcoin person or maybe you're more of a
You know privacy person or you're more of a different kind of person then honestly
It frankly isn't for you because like, you know
People will just shit on you there or they won't like or you'll get no engagement. You just won't get any engagement
They won't shit on you. You just won't get any engagement. It's a pretty civil place
But you really just won't get any engagement because like everyone there is very very very focused like, you know, Brian Armstrong is
Spends time there and rightfully so because it's built on base
Like I would too if I was Brian like that's just like a rational thing to do
Because you know coinbase owns base and you know base is a single sequencer roll up for aetherium and that's totally fine
So so I think that's like I'm just being like really sober about it
That's as someone who's spent a lot of time building online communities and you know
I've been around since like, you know, I spent all my time on IRC, you know
IRC was another example of like a very very niche peach place, you know, every IRC channel, you know
It's sort of like its own place its own scene even IRC servers
By the way different IRC servers used to be kind of like have their own sort of like worlds and you know
You'd have very large
IRC server networks like F net and stuff and then you have much smaller ones like, you know, Dal net and whatever
so I I just think that you know, we're really far from
Farcaster being like, you know the future of social media and where we are right now is
Farcaster is a niche community
Primarily for aetherium-centric people with some pretty cool functionality
And I think that's an oak I think that's a wonderful place to start and hopefully it grows beyond that like hopefully it does
Like I'm an optimistic person. I'm rooting for founders. I think Dan is hustling
He's busting his fucking ass and I think it'd be really stupid to like shit on him or anyone on the Farcaster team because they're
They're legit working their butts off and they're they are creating like, you know
They're doing their best to create net new things with it with an aetherium sort of mindset
And we'll see when they add to the Wanna support when and if that happens, you know
Like do the Wanna people come over because okay, then then it that's interesting that's then it's like aetherium plus Solana
And and I'm looking forward to seeing if the Wanna people like adopt it or not
Look I think it was pretty good take you said a lot of things I agreed with
I am curious though. We talked about this earlier and there was this take that like
One of the reasons Farcaster is getting some traction right now is like crypto Twitter has always inherently wanted a crypto native platform
I and I sort of had a contrarian side of it, which was like, yes
I agree with you, but at the same time like a huge value prop of Twitter for me
Using it is I know when I post there is like the opportunity to break outside of Twitter
Right like part like the reason we use Twitter and the reason like a discord fucking died for NFTs
Nobody cares about discord from an NFT community perspective not for alpha not for trading from an NFT community
Social layer the reason the discord social layer died because you can't go viral on this school
You cannot go viral on this board and you can make the best possible informational educational funny
Whatever post in a discord and nobody can see it that extends outside the walls of the discord
I want though it to you to you Naveen and I'm curious like is that at all a potential con or negative of
Farcasters you don't have the like widespread
Social network effects effects of a Twitter that's relevant outside of just crypto and blockchain
Yeah, of course. I mean and in fact, it's even narrower than that
I mean again, we're continuing to talk about it
Like it's a broad based web 3 social network when again I stated this already. It's an Ethereum social network right now
Right now today
Farcaster is an ethereum centric social networks. It's not even like web 3 you're not gonna see the Cardano motherfuckers or the link Marines or
You know like the the Soylana's whatever they call themselves
Like you're not gonna see the orties like oody's not there oody doesn't give a fuck about
Farcaster, maybe he's there, but I don't think he cares, you know, like you're like you're not gonna see any of these other communities
Really over there. It's really like an
Ethereum centric place. So yes, it is very much an echo chamber chamber. It entirely is an echo chamber
It's like all the ethereum people basically like talking about aetherium stuff with each other
So, you know what? It's sort of like it's like, you know
Imagine a room where everyone likes fucking salami and they just keep talking about salami
That's basically what Farcaster is like right now and there's nothing wrong with that
Like there's nothing wrong about it at all because hopefully the people who like fucking potatoes
Come in there and like then you'll have a bunch of potato head types and the salami people will talk about potatoes, too
Hopefully one day. I mean you just you just hope and pray that it doesn't just become this like deeply
Incestual thing because that's kind of what it is right now
But yes the opportunity for a content creator like yourself, you know
Someone who's like an entrepreneur and a creator on a platform like Twitter X whatever you want to call it now is is yes
That you can you can you can transcend you can transcend your little micro bubble
Whatever it is and and create content that touches lots and lots and lots of people because the platform has lots of people
And that potential always exists that sort of the allure
That's the seduction of a platform like X
Farcaster doesn't have that yet because Farcaster
Primarily has one type of person, right?
It it doesn't really have diversity and it doesn't have a large enough user base to create that sort of opportunity
But again, that's not saying that it won't have it in the future, you know
That's not saying that it's a shitty thing or anything like that. It's just to say today
That's where it is. So I often find myself asking my I ask myself this question all the time
I've had warp cast installed fucking forever from before it was warp cast and
I rarely post content there because I just don't find it to be a useful
Like it's not a good use of my time
If I'm gonna post content and hope and pray that it has a shot at like getting more than three likes or whatever
I'm not gonna get that on Farcaster and because I'm I'm also not aetherium aligned
Like I just I'm just not and that's okay. Like that doesn't mean I'm not a part of web 3
That doesn't mean I'm not a builder in web 3
It just means that I'm not necessarily aetherium aligned and therefore my content is not gonna make an impact on farcaster
so I think the most important thing for people to consider when they consider like setting up a
Farcaster account is if you're an aetherium ball if you have, you know
50 ens is and you know
You believe in the L2 thesis and you're like pro base and pro arbitrum and you're like whatever then, you know
Look go post on farcaster and you're gonna get a bunch of likes from other people who you know
You probably already know who also like aetherium and but you're you're unlikely to like
Engage with anyone beyond that because those people really aren't there
I mean, that's just my experience like and aetherium is large like aetherium is a large community
Obviously, like, you know, yeah, it's like a fairly big place today
I'll tell you what, I'm fully down for an EVM circle jerk on farcaster Emily. What's going on, baby?
Yeah, so Naveen's I I think he's exactly right
But like a quick count of that is is that it was built on aetherium
so obviously those are the earliest of adopters, but like I've been monitoring the
Solana channel on farcaster, which has seen like pretty
Significant growth over the last couple of days. There's an ordinals channel that continues to grow
I am by no means like an eth maxi at all
obviously, that's where that's that is most of the folks on there now, but
Who will it continue to grow?
but if you look at like since all of all of the data is open source if you look back to like
January of this year early January, there's like I'm looking at it right now. There's like zero people added to the Solana
Channel zero four seven eight and today
241 so it's like there there is this progressive growth like it's not a ton
There's a there's 2,500 people in the Solana channel and there are less than the ordinals channel
But I think to Naveen's point
It's like will these will those will those ecosystems grow on farcaster or will I just remain dominant? I don't know
Yeah, but I think the thing to know though is like everyone knows this
But all of these communities, you know
have very unique
Like functional things that they like and they have very unique ways of thinking about things, too
Like so when you go on farcaster and you see constant posts about like well
Just like set up your ENS like Solana people don't give a flying fuck about ENS
Right like at all like ENS is like fucking trash to them
And and they just don't care and so so I think like, you know now are there aetherium people?
This is the funny thing, right?
Like this is where the data doesn't really tell the whole story necessarily
Like are there aetherium people who also are Solana curious and maybe have Solana NFTs and like, you know
trade on Jupiter or whatever periodically the answer is absolutely yes and like are those the people who are you know at being added to
That channel because channels, you know
don't really indicate like your level of conviction for a particular ecosystem like at the end of the day all these fucking blockchains are fucking
Religions and like, you know people have different levels of conviction for different ecosystems and that conviction changes
Right, like I find myself for example spending more time these days
you know shit coining on meme coining on Solana than any of the theorems stuff and
That's just today. That's just now, you know, like next week. I could be fucking all up on fucking
I don't know zk sink
I don't give me some bullshit L2 that no one cares about right like I could be all up on like whatever random L2
You know doing something and my story will change and that's fine, right?
That is okay because we're all learning we're all learning in this industry
So I again, I just want to call it out and I think it's important to say the fact that far caster is an aetherium centric
You know universe today and will that change in the future fingers crossed it does because I'm rooting for Dan
I want Dan to be successful. I think he's a star
Yeah, and some joined and he started a channel called manlets. So maybe that's gonna like spur some growth from the manlets
I don't know. Yeah
I'll tell you what the Dan interview is happening in the next two weeks. We're gonna make that shit happen
Just have to that and that for a DWR. Let's do this. We gotta wrap you for this too
I got so much to Adam and we gotta go to bit boy Jay out of what's going on in that for you on this fucking
Forecaster, I mean are we just having to eat circle jerk right now? I mean, what is happening on forecaster?
I'm not on far caster. I probably will make one today. Actually, I'll definitely make one today just cuz I'm intrigued by
Didn't make it at first because to be honest real all the people that were three three and
Being grifty about in front tech were the people who are showing it like on my timeline at least so I got fucking
I'd even look into it until like yesterday. I read Saigon's tweet on it and I actually found it really interesting
I think it's bullish for decentralization and like what a lot of people have said
Well, I've been up here is basically I think the common thing is like this is bullish for like pushing decentralized social platforms forward
Is this the decentralized social platform that's gonna blow up?
I don't know and I don't think it is just because I don't think enough people really care
I think most people are really lazy and they don't want to have control over a lot of these things like storage or any
I think really like the social platform that does blow up pushing decentralization will be the one that makes
Normies and web to people understand like the importance of decentralization
I think that's really the the most bullish thing for me with this like I think we all want a platform like that
But who is gonna be the people who can like reach the masses and is that Dan is that this team?
I don't really know. I'm definitely intrigued by it. Like I'm gonna make an account today
Download it right now. We're giving another take I'm going to my source
You motherfuckers man
You know I swear, all right, let's do this. Let's do this
Let's do this first of all, it's not to you out of worst player on if the island as well
Let's do this. Let's do this. We got two hands
We got to go through and I gotta get the fuck out of here before day my favorite alpha calling my favorite black team
Bozo, I didn't say he was the best alpha color. I said he's my favorite bit boy day. What's going on? What do you think? I
Don't understand. Listen when the whole fucking CT is is talking about this is how you get an air. It's bearish as fuck
Like the reason why let's be real the reason why is yeah fucking airdrop, right?
The the sought after everybody, you know time is money in this ecosystem and we'll see after right is
Is this going to be the next?
Decentralized platform my thing to be honest is I've been preach fucking decentralization since 2009
I just think our world's not ready for decentralization
I mean if you still have money in your bank account, I mean, we're still not fucking there, right? So
You got money in your bank account. No, I don't I have like fucking $2 in my bank account
I am fully decentralized how I rail it back and forth. Yeah, I use a fucking bank account, but okay
I'll tell you what today I'm gonna need some on-chain receipts with the 2009 claim. Yeah, I can show you. Um
It's I don't know just like I'll keep saying it our world is not ready for decentralization
We want like we think we want it but at the end of the day
Keep in mind. I'm kind of a bozo here. I'm still learning. I'm still reading but like yes
Like for caster is quote-unquote sufficiently decentralized
But the apps built on top of it like this warpcast isn't necessarily no like you're sort of like you keep the the
positive effect of the decentralization on the underlying protocol
but then the apps that are built on top like you sort of
You add in like the ease of access and accessibility with a centralized app built on top
Like does that make sense or no? No. Yeah, correct. It's yeah 100%
But at the at the at the core of all this it's it's like
It's onboarding the wrong in my mind. It's onboarding the wrong people, right? Like
The reason why it's up 400 fucking percent is because go on YouTube and every shiller is
Saying how you can get airdrop this and that right? It's just like it just happens to all this
It's the the direction right is hit the normies first. Don't make a marketplace first, right?
Start developing it. I mean, I know it's been around but as soon as you start
Talking about token and all this it's a wrap. It's for me
It's a wrap because I don't know I'm just I'm bullish on the builders trying to be decentralized and building stuff
But like I said in my mind, I've been being preached this for
Decades that we're ready for decentralization and motherfuckers are still giving out private keys. Okay
I don't know if this is a stereotype, but I think like the math adds up with what Jay said
I was looking so the board of yacht club has a channel on farcaster
It has 71 followers and I'm just looking the MFers. They're just approaching a thousand
Well, I don't know if it's a stereotype or that's just yeah
I'll tell you what that boy day whether you like it or fucking not your ass better be in these frame trenches
Giving me some DJ an alpha. I don't want to hear it. I'm in the bathroom brother
Yeah, get your ass in the fucking bathroom. Look, this might be the last take of the day ghost
I appreciate you being so
Pacing even waving even thumbs up and thumbs down and hundreds out of your heart here. I mean what's going on him effort
What do you make of this conversation? What do you think a broadcaster? Yeah, TG. Thanks for letting me talk, bro
I want to just you know, this shit is lame as fuck, bro
Like like Bob's like, you know, what is this like a glorified fucking Dropbox?
Like well, I could interact with your smart contract and make like 20 fucking websites
Like bro, you can interact with any smart contract right now. Do that same shit. She's not fuck
Like I don't understand like I really wish but I was up here cuz he don't got a technical bone in his whole fucking body
Or whatever, but if you're gonna use any fucking social fire, bro, like you sim social, but that's the best fucking social fire
I call it on. Hold on. Is that your platform?
Fuck no, that's some Toshi shit, bro. This fucking list, but it is bullshit. So, you know right now. So what?
Just cuz I'm not super well versed in it. What's like the underlying difference? Like why why leave forecaster for that?
Cuz they're not shilling you a subtle fucking bullshit about how it's about to be the next thing and all this other fuck we both
Like they're real people, bro
Okay, yo TG we got spaces a spaces in live streaming we got space today
All right
All right. All right. Let's do this. Let's do this
We're gonna leave it on that on ghost console fucking bullshit. We're gonna run it back tomorrow
We're gonna get the forecast from efforts ghosts. I need your ass to come back tomorrow and we're gonna get into it
We're have a nuanced conversation. Look, I ran a friend tech circuit. I'm not proud of it
I thought about friend take every day for like five weeks. It's feeling like we're on the same trajectory here
So like if you got fun if you got good takes bad take you got no takes
I'll give a fuck 10 a.m. PST tomorrow come bring the fucking heat
I'll be bringing the receipt shout out to fucking Emily for co-host a bit boy
J naveen gami simp ghost and everybody else. Look, I know there's a lot of people in the request
I'm sorry. I couldn't get to you. I got meetings. I got fucking meetings. I don't know what to tell you
It's great to toast our busy man. It's just picking up the social networks are picking up and I'm running this motherfucker
Thank y'all so much for supporting like if you didn't get to speak today, so I had a rugged come back tomorrow
We'll get your ass on stage and we'll speak to you
I'll catch you when I catch you I'll see you when I see you everybody go fucking follow me on broadcaster at the red guy
Love you. Peace