I am quite excited for the future of Farcaster
To me, Farcaster was always at its best when it was NOT trying to grow too fast
Farcaster as a VC investible business always felt incompatible with the rate of organic growth that felt best for the tinkerer scene here
Companies that scale too fast often watch their culture die. Now that Farcaster no longer has VC expectations, the culture can grow at an authentic pace
I'm more excited to be back here than ever. It hasn't felt this cozy in a minute https://maggieappleton.com/cozy-web
Can’t believe GoFundMe and all of these trad crowdsourced donation platforms just happy with taking 4%!! fees
400 bps is extortion
And reminder, Visa/MC only get 10-15bps - there’s so much opportunity for them, Stripe, etc here in crypto
Tried coining some salami on Zora - will cast about my experience and dig into the technicals. Here’s the coin, pls only buy for test purposes only
0x53cf7a006c02e4d065ba6d4fc2b06ef6be98e38d
Woah, RiscZero recently announced they’re able to prove L1 blocks in 44s and are projecting to hit a major milestone of real time proving for L1 in July!!!
The real time zk event horizon is approaching
https://x.com/risczero/status/1910387052601819597?s=46
(1/3) Some thoughts on a very thought provoking thread:
- the best businesses in crypto lean into financial degeneracy (Memecoins, NFTs of last cycle, Perps, Exchanges)
- A small percentage of the population is naturally drawn to this
- Efforts to break out of this cohort and attract new users is not working
- Our impact in this space is thus capped to degens, which wreaks havoc on builders asking existential questions like “Does the work I do matter?”
- The existence of competing “good enough” Tradfi products makes most of crypto’s use cases irrelevant for normies. In fact, crypto is currently “worse but different”, which means it is a discontinuous or disruptive innovation. Unlike AI though (another discontinuous innovation), the technology is not good enough. It’s still too expensive, too risky, and too clunky to compete with normie products
- imo, pursuing normies at this juncture is the Siren’s Song for builders in crypto. It will lead you astray
