Gm Farcaster Ep138 Monday August 5 2024 With Guest Cohost Jake Basecolors

Warpcast degraded performance right now. Investigating.

Dan is correct. Products will be built on Farcaster. I want to use it as the social login for crypto. For both online *and* offline worlds. Which is different from all pre-existing use cases of other networks. Twitter login is closest, but it's nowhere near as open.

so i heard you like animated pfps https://warpcast.sh/pfp

how many times do we have to buy low before we get to sell high? asking for a friend.

new bounty: read the @base.base.eth editorial style guide, carefully consider the content, and open an Issue or PR that helps us improve the overall clarity and usefulness of the document. meaningful contributions will receive 0.01 ETH @bountybot

When I joined Farcaster, I was neither an employee of Merkle nor did I know Dan or Varun. Varun finally got me to onboard after multiple attempts, conversations lead to what I could do for the project, and I became a part of the team. I may not always agree with every decision, but I can definitely confirm firsthand there is no "help Merkle's friends" bias, and for those who know why I quit CB, they'd know just as well I wouldn't stick around at Merkle if that were the case.

PSA If you have feedback for us re: Farcaster that you don't feel comfortable sharing directly, consider reaching out to someone you know I follow / interact with. See if they would be willing to share it. But stepping back, here's the best way to offer feedback directly (preferred!): 1. Public feedback — expect a potential reply. If it's small, will give you a short answer. If it's longer / larger, there's going to be a lot more weight into how it's communicated and how accurate it is (i.e. are you up to date on everything that's going on). 2. Private feedback — send me a DC. I respond to most of them. Avoid the wall of text cold message as it's hard to parse. Also usually good if we have some public back and forth history first

"Merkle just helps its friends" How many times do I have to repeat that most users and developers on Farcaster did not know Varun or myself prior to joining Farcaster. And in some cases have *become* friends because they stuck around early on when no one else cared. We've spent years with this people socializing on this social network. :) Don't conflate something that's earned / built with cronyism.

Why would you build on Farcaster — frames, actions, clients — if Merkle / Warpcast will just clone it if successful? 1. Outside of trading (Coinbase, Uniswap), there's no successful (at-scale, revenue generating) crypto-based business today. 2. The biggest constraint for all crypto app growth is users. There are not enough people using / "in" crypto today. The market needs to expand based on increasing the amount of consumer utility provided. 3. Our goal with Farcaster (and Warpcast) is to get enough scale where developers are able to build meaningful businesses without having to onboard more people to Farcaster and/or crypto themselves. 4. Separately, if your product is really a just a feature of another product, your best bet at building as a business around it is finding the Top 1% power users of said feature and giving them as many bells, whistles and knobs so they are willing to pay you. 5. We actively try to support other Farcaster apps in the ecosystem...

We’ve been through the “engagement farming” debate before when the network was small and the only incentive for asking questions was to get on the highlight tab. Now that financial incentives like Moxie exist: What do you think? https://warpcast.com/les/0xc61f63e6 https://warpcast.com/v/0xa83219b6

Why are Farcaster builders so optimistic when X, Y, and Z bad things exist? My brother, bad is the default. It’s entropy. Failure is the most likely outcome when building something new. If you’re not a definite optimist, you’ve got no chance in making it happen. Even if you’re a rational person, you have to be willing to suspend belief just enough to make the bet despite all the bad. And then it’s just week of week progress and try not to die (mostly figuratively). For years.

Thank you @aneri.base.eth for the onstage shoutout at BaseCamp! Specifically great to be cited as a project making continual improvements because that's a big part of my approach in life. @basecolors keeps shipping and we keep improving. We are not a one and done.

My notifications continue to be out of control with the Moxie meta so going to experiment with responding from the @bountycaster account for some questions related to Bountycaster to see how that goes. I want to continue to respond to all Bountycaster questions I see but trying to reduce engagement farming