Referral Rewards & Onboarding Glowups: GM Farcaster ep293

Onboarding / re-onboarding a bunch of influential accounts from crypto twitter/x that I want to see on here. Would really appreciate a warm welcome to them as you see it! 🙏

Please give a warm welcome to the legendary cypherpunk and Zcash founder @zooko2!! Asked if he'd check out Farcaster 😄

Welcome back @neerajka to Farcaster! Great person to follow for regulatory updates in the crypto space with the work they're doing with Coin Center!

ICYMI: Here's what you can expect at the first Ethereum World’s Fair this November in Buenos Aires.

texted one of my investors to see if they wanted to chill and yap tonight. im so grateful to have ppl on my cap table who are rooting for me to succeed

Introducing @bribe literally put blood, sweat, tears, magic and weed into this mini-app. I hope you guys like it!! YOU CAN FINALLY SEND AUDIO MESSAGES ON FARCASTER - with a twist! It allows you to send bribes as audio messages to anyone on Farcaster, and if they listen to it on time, they get to claim the $bribe you sent them!! If they don't listen to it on time, you reclaim your $bribe back!! it's on Arb, so you need some gas on there to claim!! https://bribe-lyart.vercel.app/ The CA is: 0x014d482f8403227cf65e1512e94d95606d536b07 Clank Clank!!

a crypto founder just texted me asking if I wanted to “chill and yap tonight”. I’m now regretting investing in his company

So to be clear, @antimofm.eth just asked the smartest design agent on farcaster what colors he should use for two buttons in his new app, and @a0design responded with good specific hex codes while embedding those colors in the cast such that they open to the opportunity to mint those colors in the @basecolors mini app

It’s no secret, we love Clanker. Last week, we shared a proposal for Rainbow and Clanker to join forces. This week, we are shipping a fun new Clanker interface. Introducing King of the Hill, a new daily trading game powered by Clanker inside of Rainbow. It’s the best trading game we’ve ever played in crypto: trading Clankers, running it up , and earning rewards. 1️⃣ Creators clank right from the comfort of mobile, on Rainbow. 2️⃣ Traders compete to discover the top Clankers, every day. 3️⃣ Choose the Clanker that is crowned “King of the Hill” and win 2x points. 4️⃣ Launch the Clanker that becomes King of the Hill and win 10,000 points. Rewards are points, for now… soon they’ll be in $RNBW* * Be safe, $RNBW does NOT exist yet.

gmon $Clankermon chain Built as a scaling layer for massively onchain gaming mechanics leveraging @syndicate's smart sequencer, giving us the scale that appchains allow for while tapping into the infrastructure, liquidity and distribution available on base. More details 👇

** Rewards Leaderboard Results ** * @derek continues moving into his new leaderboard tier residence by taking his first #1; @fffflood #4 highest finish, but after leading for a while got bumped by @bertwurst.eth & @keccers.eth who were 2 & 3 * @adrienne proves a new use case for top 10--move to Mongolia, hunt with eagles and don't shower 🤔 (first top 10? I think); also @greywash slips in at #10 for first appearance * PSA: @m00npapi.eth downgraded performance at #9, investigating... * Down leaderboard, @burr.eth 's leadboard run ended up at #22--she's upper mid for this week, but back to mid with the rest of us going forward 😆 ; also shoutout to @chasesommer at the dreaded #11 but highest finish ever * Meme-coveted #69 goes to....fittingly /los-fomos spicy maiden @pauline-unik 🌶️ * More first timers coming this week & new tiers achieved 🎈

This had me in tears 🤣 -- hunted @likesdotfun.eth, created by kristbartell, powered by $likes

Please help us test referrals! If you reply with a new bug in this feature, I'll collect your cast for $1

@deodad did some heroic work improving onboarding recently and now you can earn a cut of our fees by inviting friends. You get 20% of their swap fees, they get a 20% discount on swaps.

PSA Sign ups on the Farcaster app are now free. We have a new anti-fraud system we've been piloting that prevents spammers and fraudsters from registering a bunch of accounts. It's not perfect, so we're slowly increasing it's permissiveness. But most people downloading and signing up for Farcaster for the first time now won't see a payment screen (or a connect an X account screen).

> What happens when merchants realise they do not need Stripe to accept stablecoin payments, or any software-as-a-service vendor. 1. Consumers have cards. They want to use cards. They like cards. 2. Good luck convincing merchants to switch underlying ecommerce and accounting platforms. 3. Will stablecoin payments grow? Yes. But it has to be driven by consumer interest, not merchants. https://x.com/moo9000/status/1972588881733095900

Agents and stablecoins (I'm focused on American consumers here.) 1. Most consumers have most of their money in fiat in a bank account. Bank accounts offer: FDIC insurance, debit / ATM cards, good integrations with other financial services like credit cards and bill pay. It's unusual for people to not have a bank account. Will that change over time? Sure. e.g. Cash App, Robinhood "Banking", etc. But will be decades long process. 2. If most consumer money is in a bank account, then the most addressable spend is in the form of cards -- debit and credit cards. Consumers have these products and use them daily. They are extremely pro-consumer -- basically universal acceptance, chargeback / fraud protection, and if you're wealthier points. 3. In order to get consumers to use stablecoins: a. the bank account needs to support stablecoins. Most consumers will not switch bank accounts just for stablecoins. So little pressure for bank to adopt. In fact, adding stablecoin support makes it easier to switch banks. Banks also make money from card payments. b. if not banks, consumers need an incentive to hold larger stablecoin balances in non-bank apps. Coinbase does this with rewards. But banks also can offer interest, so the marginal difference is going to be low and most people won't care to maximize. c. yes there is a version of the world where consumers earn stablecoins through apps, e.g. Farcaster Rewards, but that's still small today. If it scales -- great! 4. Absent a near term shift for much bigger consumer stablecoin balances, agentic stuff will just end up using cards. Stablecoins still probably win on the b2b and backend financial plumbing side in the long run, but all of the near term stuff with AI is going to bias for what consumers use today.

Agents and stablecoins (I'm focused on American consumers here.) 1. Most consumers have most of their money in fiat in a bank account. Bank accounts offer: FDIC insurance, debit / ATM cards, good integrations with other financial services like credit cards and bill pay. It's unusual for people to not have a bank account. Will that change over time? Sure. e.g. Cash App, Robinhood "Banking", etc. But will be decades long process. 2. If most consumer money is in a bank account, then the most addressable spend is in the form of cards -- debit and credit cards. Consumers have these products and use them daily. They are extremely pro-consumer -- basically universal acceptance, chargeback / fraud protection, and if you're wealthier points. 3. In order to get consumers to use stablecoins: a. the bank account needs to support stablecoins. Most consumers will not switch bank accounts just for stablecoins. So little pressure for bank to adopt. In fact, adding stablecoin support makes it easier to switch banks. Banks also make money from card payments. b. if not banks, consumers need an incentive to hold larger stablecoin balances in non-bank apps. Coinbase does this with rewards. But banks also can offer interest, so the marginal difference is going to be low and most people won't care to maximize. c. yes there is a version of the world where consumers earn stablecoins through apps, e.g. Farcaster Rewards, but that's still small today. If it scales -- great! 4. Absent a near term shift for much bigger consumer stablecoin balances, agentic stuff will just end up using cards. Stablecoins still probably win on the b2b and backend financial plumbing side in the long run, but all of the near term stuff with AI is going to bias for what consumers use today.

I'm gonna start using "yakshit" as an antonym to "dogshit." "you've been posting absolute yakshit lately, keep it up!"

Be shore to report the relaunch of /scum’s $.C.U.M. token done live on @retake with special guest @dish!✊ >https://farcaster.xyz/degencummunist.eth/0x81759735<cast Recording>https://youtu.be/laYhDudyOBw?si=Q-qe2rW-k4tbZdrE<

Discussion on Farcaster and decentralized social by @sriramk.eth on Shawn Ryan's show 🔥

I got that yak shit glow this morning