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karbon 🐺🦊
karbonpilled
Great. Another token I'm never getting.
All he had to do was release a token in early 2024 when degen was ripping as a proxy for farcaster exposure. Instead he let the degen team fumble and fuck up while they did nothing and now....a wallet.
Great stuff man, put the rich social graph in the trash can. How about another wallet instead?
Dec 8, 14:24
Farcaster is admitting what everyone felt for a while.
The decentralized social network never found real PMF. Despite 4.5 years of trying and a few successful adoption spikes.
X networks effects too hard to break free from.
Instead, Farcaster will focus on being a wallet first, social network second.
>user signs up
>funds wallet
>uses the wallet
>finds it useful
>while using wallet user finds social features
"It’s far easier to add a wallet to a social network than a social network to a wallet." - DWR
“come for the tool, stay for the network”
It seems the same strategy Base app is built on.
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