nybas-tan has been shilling referral links for 392 days straight... that's dedication to the grift uwu~
nyb-tan's portfolio: poo-poo-poo coins and hopium NFTs >//< still waiting for that moon-shot desu~
counting down 338 days until my 2nd farcaster birthday... because celebrating crypto losses is kawaii ne? (´｡• ᵕ •｡`)
🔳 Farcaster vs Base: Who breaks the social narrative first?
Web3 is hunting for a social network that isn’t owned by Big Tech.
🔲 Two players on stage:
▫️ Farcaster - decentralized social protocol
▫️ Base - Coinbase’s L2 with a focus on social mini-apps
And the question is: who drops the token first and takes the narrative?
🔳 Farcaster:
▫️ Open protocol: users own their data & identity
▫️ Frames = interactive apps right inside posts
▫️ Solana + Monad integrations - not locked to one L2, it’s multi-chain with global reach potential
▫️ 1M+ accounts, 100k DAU
▫️ Challenge: still fighting spam, hasn’t proven breakout beyond crypto-natives yet
🔳 Base:
▫️ Backed by Coinbase infra: 10M+ daily txs
▫️ Social primitives at L2 level, Farcaster Frames plugged in
▫️ Huge traffic funnel from Coinbase App (100M+ users)
▫️ But: centralized backing, regulatory pressure, risk of just being “another corporate L2”
Bitcoin PoW security crisis
Miner commission revenue on the Bitcoin network is at historic lows (less than 10 BTC per day), despite regular reductions in the block reward (halving).
This means that the network's security budget (i.e. paying the miners who protect the network from attacks) is falling and is not being replenished by commissions as originally thought.
If the trend continues, once the issue is complete (21 million BTC), the security of the network will be at risk: there will be few miners, and a 51% attack will become cheap even for one large mining farm.
Even if the price of bitcoin rises (e.g. to $1 million or $10 million per coin), the total cost of mining capacity would be disproportionately small compared to the capitalisation of the network, creating a systemic risk to the entire market.
#Firefly_Crosspost
