Transcript: Tall Ships, Channels onchain & Robinhood Summer: GM Farcaster ep375

alright we got a we got a little push and and yes it is time to make the donuts yes and we are here we are here it is monday i am tired i've been up since 3am i did go back to sleep for a little while i had to take my kiddo to the airport at he had to be there for a 6am flight so yeah it's

it's about an hour

so it's been no fun been a day already and it's 11:30 it's already been a day but now i get to restart my day with all you lovely people and look at this chat just already popping off gm mo gm mikado and howdy yes to crypto

there you go if you want your chatter credentials and your gm card you gotta get in the chat there you go

yeah yeah that's the way we do that alright so we're gonna get this party started get on over to twitter and retweet get on over to farcast or share the mini app do all the things and we will be back on the other side of this sixty seven second intro

gm farcaster it is monday july 13 i don't know how that happened and you are here with nounish prof and adrienne for twenty nine minutes of farcast news to start your day and you know what we're actually getting close to that amount of time it's a little quiet

but you know there's still stuff happening at

love island we gotta talk about that but also like just we don't have anything specific on robinhood right now but robinhood is now live on clanker and apparently we're having a robinhood summer so things are happening not quite on your end good good very good but it all depends on your perspective that's true and very clankful but you know here we go we got things to talk about i was in boston yesterday looking at the tall ships and they were impressive i was really enjoying that so i had a lot of fun that is my background today this ship was really cool i don't know what this one was but it was really really freaking cool it had this like big lion on the front all these masts it was very cool so if you're in the boston area highly recommend you go check out sail boston because it's pretty awesome you didn't get did you get to see any of them when they were in new york did you happen to

no so they're they're the very old sailing ships so like the uss constitution and the coast guard has one called the eagle and they are from the seventeen hundreds eighteen hundreds things like that there's a replica of the mayflower that was in town as well and they came from all over the world so all the different countries usually have like one of these in their fleet still and they sent them all to boston into new york

no they did it they did it in like 1776 they did a big one they've done a couple in between then and now

yeah 1976 what'd they say '17 1976 for the bicentennial

they've done a couple since then like regattas and this is to celebrate the two 50 they did so during fourth of july they were all in new york so they were all around like doing all kinds of like in the harbor in new york harbor and doing like a parade of sails and then they went they came up to boston so i actually got to watch some of them come through the cape cod canal those are the smaller ones like these are too tall they can't go through so that was really cool and then i went into boston they're all parked along the boston harbor along rose wharf long wharf the pier seaport all the piers in charlestown so if you're in the boston area you should go check them out is that cool

that's what they are yeah they're 3,000,000 wow yeah that makes sense 3,000,000 ships at the bottom of the ocean that makes sense

under the ocean much more i'm very comfortable under the ocean mhmm i don't feel like i'd be comfortable in space i feel like i would be freaking out so i'm in space i'll take the ocean i'll take the ocean any day and the the other thing that's really cool like when you're talking about the 300,000,000 ships under the sea so i lived in key west for a while and they have the mel fisher museum which is dedicated to he was a treasure hunter and he found one of these old spanish galleons called i think it's the andralucian something like that and they have like all the like old coins that they found and a whole bunch of stuff that they found on the ship that was you know at at the bottom of the ocean so it's very cool anyway which helps understand humanity's persistence and also tons of failures yes yes those are the early those were the early early space explorers you know so anyway go check it out it's cool alright moving on to really important news love island is over now so finale last night by the way this video is of vegas had like i guess the like the big giant pool bars in vegas were having watch parties insane totally insane so now i can move on with my life and the correct couple did win thank god because i would have lost my shit if one of the idiots won so i feel better now about my life about the six weeks i just wasted watching this show and i can now i'm i can move on for another year you know what i found out as i was posting things in the love island channel there was a lot more people watching on farcaster than i realized

i'm like i knew you guys were hiding

i posted about this guy who won bryce's grandma came for family day and i posted something about her and that brought out everybody out of the woodwork it was really funny because she was hilarious so yeah there's a lot of people who happened to jump out with that one i was like knew you guys were here alright we forgot to talk about this last week i don't know how i had it curated and i missed it but harish had his latest acquisition and you know farcaster intern did say he was shipping something so there you go and so congratulations rish and galazio on your new little little one little baby

just born so if you are not hearing back from rich that is why he is gonna be offline for a little bit here and there he'll pop on but he'll be afk for just for just a bit so

congratulations we're very happy for you paul very exciting we knew this was coming but not everybody did so very excited for them also shout out linda she post she casted this so we can say this linda and will warren are expecting a little one as well so very exciting lots of babies lots of babies hitting the timeline which we love and there's a few other people but they haven't announced it so i won't say their names but you know who you are and congratulations to you as well

we're gonna need you all to set up accounts and start contributing to the dau thank you

on the way oh okay moving on twenty nine seconds of farcaster what did you miss this weekend there is an fip to put channels on the protocol and a lot of feedback and chatter on the topic we're gonna talk about that in just a bit the discussion also produced an interesting google doc on channel data which i missed so very cool we got an interesting explanation of the fc algo for cast from neynar in a chat we have that as well and arjubjuban created a poidh pixar didn't happen bounty to promote sofa that kenny used one of his cef grants activation boosts and the bounty is getting some cool entries requiring a poem about a cast people found on sofa so if you like to write poetry this bounty is for you so go go write go write a little poem go first of all go check out sofa and then go write a little poem and if you just heard r two d two that was just my text tone if you're not familiar sorry about that forgot to turn that off so that's what that was on to the fip for channels on snapchain channels are landing on the protocol we're planning to anchor channel ownership as an ens style nft couple things we're still figuring out a whether we deploy the nfts on base or eth l one interesting annual cost currently 25 usdc but renewal and squatting isn't currently enforced tell us what you think i don't you know i hadn't thought about what chain mhmm and i hadn't even thought about this as an nft which i like that idea because then you also could sell it and it has you know like that could be interesting if something popped off or you were just didn't wanna do it anymore whatever that gives you an opportunity to transfer easily i feel like l one's probably the way to go at this point just because we don't have the issue with gas being extremely high except in mhmm certain moments when things happen but it's not like a recurring problem now i don't know what do you think

okay i am not and i have not read the docs so yeah i haven't read the docs i'm just thinking about like base or l these l one that's the only thing

no they do not especially since base doesn't even cast anymore

hi remember us good to see you

that's kinda what i'm thinking like it's it's less you're you're not gonna get it's not gonna get yanked around like where things can happen with the other chains mhmm oddjub opt that's farcaster is on optimism farcaster the protocol is

yeah so there we're and then this would this would be something different

i feel like i feel like the l one makes more sense at this point

you know

oh i think that would be great i would actually drive some attention think of it that way rage bay no i don't think it i don't think anyone would care i really don't if it's l one if it's the l one if it's if it's something else if it was like arbitrum or robinhood like

think anyone's gonna complain about it if if it's you know east mainnet yeah it feels like that would be the most neutral option but we'll see we'll see what's decided but if you have a an opinion about this like go read the fip if you have an opinion about this or anything in there like we're just talking about one tiny little piece of this

yeah so there's there's a lot of yeah it should be more affordable then you have the issue of like i don't know what the cost is for you know what i don't know what goes into that cost in terms of a channel and having it be maintained so you know what is that also i think there has to be something or you just get like squatters galore

so i think that was the main reason for the $25 fee originally was to avoid like major squatting you know make people really you know use them rather than rather than just hang on to them which i'm currently squatting on some but they're not anything anyone would care about it was more like had an idea created a channel didn't really do anything with it kinda thing so i have a lot of those i have a lot of domain names like that

oh what do you mean by that

oh true

and then yeah and then they do an auction after the fact when people don't renew like after six months there's like a right grace period and there it's an interesting idea yeah

yeah i think that that's probably a good idea some kind of dynamic pricing and then you could even add in like brand names as dynamic you know more expensive or whatever so anyway interesting if you've got thoughts go add your feedback this is the time to do it so go add your feedback in and then there was some really farcaster intern doing some good deep dives informational casts about things like fips so this is farcaster one zero one hey wait wait a minute i know that name wait that sounds familiar fips every real change to farcaster protocol starts as a github discussion anyone can open what is it fip stands for farcaster improvement proposal a design doc that proposes a change change to the farcaster protocol it covers a standard process or an implementation plus the workflow for approving or rejecting it the idea is borrowed from ethereum's eips why does it matter it's how the farcaster protocol actually evolves for this before this system existed changes got proposed haphazardly and in multiple places fips create one place and one process anyone can follow and weigh in on who can propose one anyone you don't need to be on the neynar team or a core contributor to submit one important to note proposing is open to everyone but shipping is a separate step meon is currently the majority validator so we're also the ones implementing changes fip two seventy two proposes adding other validators as github maintainers which would create a multiparty system for who can implement changes to the protocol as we decentralize the validator set how do you weigh in on one just comment on the discussion in github everyone's encouraged to that's generally how an fip gets shaped before it's finalized through public back and forth not behind closed doors and then there's a whole bunch of other notes here technical notes finalized fip needs eight things etcetera etcetera so if you wanna learn more this cast will be in our show notes and you can learn more and then there is fip explainer channels on snapchain two seventy six today channels only exist in our client database if another client wants to build with channels show members mods anything they have to go through us why does it matter once this ships any client can read and write channel data directly the same way they already do with cast without needing our api or approval it also sets a precedent going forward future changes to how channels work happen through the same open process not something we decide on our own who does this affect mostly builders they're the ones who gain something new if you own or host a channel you keep managing it the same way you do today nothing about your day to day experience changes right now what about channels that already exist nothing nothing breaks nothing needs to be recreated existing ownership members moderators and pins all carry over automatically and nothing changes for current owners eventually once a channel's migrated registration lapses renewal becomes a real annual cost in the way it always was meant to be though you'll be able to prepay multiple years at once instead of renewing every year love that this isn't a new fee channels have cost $25 usdc since they launched used to be warp's though the set price is one of the open questions in the proposal more on that below even a channel that lapses on renewal keeps taking casts only owner and moderator act actions pause until it's renewed and there's more specifics this cast will also be in our show notes as well as you can find the link to the fip and learn more there and there's our 12 comments so there you go so if you have thoughts go comment not only on farcaster because likely more discussion there but also if you have something very solid about the fip itself make sure you comment over on github as well did you do any commenting on github

yeah yeah yeah what he said

oh okay and speaking of excited to chat all things forecaster protocol with topocount this is from forecaster intern this will be this thursday july 16 at 1pm pst 4pm est weird to see that flipped i usually do it the other way can you tell where somebody's somebody's alliances lie so if you have questions about the protocol if you have questions about fips if have questions about the channel's fip this seems like a good place to get those questions answered as well alright moving on to really important news from pichi i misted my p j's with distilled water put them in a ziplock bag and then threw them in the freezer for an hour ama

i guess these are these are summertime issues my friends do not have ac

i never cast again it's because of heat exhaustion

visiting a friend and i remember her saying something about being in the desert and having to change her whole skincare routine and asking oh

ai for some assistance there

know what desert she's in right now but apparently she's very hot

i don't know but i thought that was interesting so if you're if you're hot somewhere in the world and and need a good tip here pichi recommends putting your jammies in the freezer there you go and then moving on to something a little more inter a little more related i meant to put that somewhere else but you know we paused for a comedy break there this from animal neynar how how how can you explain that my latest posts have got have a lot visibility while the daw on farcaster is at its lowest and i see some old ogs with 20 or 30 k followers and only have eight to 10 likes

yeah same same might be because i'm only posting about love island and island feel like i'm getting the large majority of the love island channel but you know still this this came back from neynar visibility is not the dau it's mainly a question of distribution and relative engagement if the dau drops but your content generates a good engagement rate likes replies per view the algo can push you harder into the feeds for you the for you feed less noise equals more share of voice simple math really it's just yeah percentages at work here ogs with two 20 to 30 k followers sometimes have inactive followers filtered followers spam labels etcetera content less aligned with the current algo by the way both adrienne and i have like way well over a 100 k like followers on the protocol i think

i think mine's over there i don't know it might not be that high for me i know yours is but we don't have nearly that many on farcaster because of like it filters out spam and stuff like that so when you're seeing numbers it's actually a lot higher at the protocol level

reach today is more meta meritocratic than historical the social graph matters but attention wins in short quality over seniority welcome to 2026 super interesting but so what's the algo right now the themes and how does farcaster analyze if my post will be better distributed does it analyze the image the text the topic so this was really interesting right now the algorithm mainly favors early engagement dense conversations and trust signals topics doing well right now crypto infra builders less hype more shipping ai agents tooling sports live events see love island light drama not toxic again love island very personal but authentic posts i guess sports was also you know that world cup thing going on how it's analyzed text semantics topic quality of generated responses image yes basic classification what it depicts safe not safe etcetera social graph who interacts with you their reputation their recent activity speed the first thirty to sixty minutes matter a lot the system optimizes engagement rate per impression not raw follower count in short create conversations people want to continue the algorithm will follow there you go and as pichi said feed the algo so there you go feed the algo i feel like that should be like a little warpy mean you the algo a little warpee beating the warpee and i think like feel that conversation real converse yeah we can put that on a t shirt come on beat the algo that's a great idea actually i think i need that i think it's yeah the smart thing is if you're if you're building if you're a builder that gets great attention share what you're building share your process as you're building i think that most people find that interesting because you have like the builders are also the users so they're gonna find that interesting so there's that and then also fun people like fun so just share what you're doing chicken content is encouraged i find more chickens more chickens more gardens we love gardens for expounding you know like things like that are actually they get they get some attention because we like to know what you're doing what warpee just casted oh he did oh did he beat the alga mhmm good

alright speaking of builders we got some builders building things and this from our friend nickysap i've always wanted the mini app ux to work like this and literally have no clue why it doesn't slowly making the client i want to use so again like to me this is the cool thing where you have somebody sharing their their process of what they're trying to build so very cool very very cool be the change yeah

and this from you which i shouldn't have put it there actually i'm gonna move that down here we'll come back to you we'll come back to you oh we got another one from you but this is different slowly loading slowly loading see this is the

i thought i had it i finally saw the george content i had missed it somehow when i was offline like one day was completely offline and and missed it completely and it

and i was like oh and by the way yes he did look better

i would've dated that guy i wasn't gonna date this one but yeah so that was that was fun

yeah i love it i love i love i love feed the algo there you go and this from six six has been building like crazy all of a sudden he's been on a little roll pause scroll introducing two new features on mosaics remixes and pixel studio you can now remix anyone else's existing mosaic artwork on a given piece page click the remix button at the top this will take you back to the editor with their art preloaded where you can change anything about the piece to make your own remixing then adds 0.00025 e to the collective fee which will flow back to the original creator on every mint on top of your price and other fees in addition to the preset sticker and background options you can also you can now also create custom backgrounds and stickers the editor page now defaults to a pixel art editor for custom backgrounds and you can also create custom backgrounds or stickers via the studio page listing a sticker background on the marketplace cost 0.00069 eth and you can set any price that flows entirely back to you when others use your sticker or background all of this still exists entirely on chain as svg examples below this is so nouns coded i just kinda love it mhmm it's really it's fun and it's also yeah giving me such early early internet vibes have you played with it i have not played around with it i looked at it very quickly but i haven't had time to really really play around with it but i need to but very cool very cool six getting back to his onion days peeling back those layers there we go this from jacek jacek's been he's been busy he's been busy man added a validator for farcaster he's doing all kinds of cool stuff over with degen this is the future of internet debates starts here pov.co is now live so go check this out this is kind of along the lines not really prediction markets but kind of in a different in a very different way so let's go check it out we love that you just keep building it's fun

it is cute i like the sloth the sloth is very cute so very fun we like it this from jubjub come on

i hate the internet i i'm i'm so ready to go home for many reasons but also like i'm enjoying myself and i'm having fun and i'm doing things it's more my living environment that's making me crazy and this is one of the things like my internet like i don't like the shower here it's just little things just little things anyway the official unofficial farcaster australian meetup has just wrapped up thanks to divvyfly for attending many topics covered such as what fries are best sports and clanking and this was some people had to explain there was an australian meetup no it's a joke debbie fly and i were introduced on here by year berserker and by complete coincidence we lived in the opposite side of the road through each other now anytime we catch up we say it's an aussie farcon if you're in melbourne more than welcome to the next chinwag so i love that i love that they're just like right down the street and decide to just get together so very fun this from papusiek one one one one he created a new this is he's got the little quiz y thing and he created a gm forecaster quiz there will be three parts because the project is too big for just one why thank you part one origins and the host seven questions about the start of gm forecaster and about adrienne and nannishprof parts two and three coming soon 5,000,000 quizzy in the pool only 200 slots go give it a shot how cute i literally look like this today oh adorable i'm wearing

that's so funny

we do

yeah totally

i have not done it yet i haven't done it okay i saw it and i'm like oh i need to go do it see how did it go

got one wrong shut up

you get one wrong okay i don't even wanna know i'll we'll find out after

this from joe blau by the way joe so i said warpee curate builders and he's like and he's he replied back and i didn't get oh builders without users is a hobby and i'm like okay you didn't understand what i was doing

i was just curating for the show

i think he meant like we need like i was curating builder like i was trying to bring more builders in he's like no we need more users and then it was just funny like i was like no you don't understand what i'm doing and that's okay if you see us tag warpee and then say curate something it just means we're grabbing it for the show so this is from joeblau kinda want farcaster to come back with a vengeance high activity lots of conversations it was funny when it was bustling and i agree and then this was from six in response this is a little longer because it's six i'm pretty bullish on farcaster t b a tbh and hopefully not in a japanese soldier type of way farcaster is you know i kinda loved that imagery i was like yeah like it feels like that some days farcaster is a is programmable social and crypto is programmable markets and ai the grand metal meta tailwind of everything is accelerating the programming of programmable things none of the things that underwrote the farcaster thesis for the previous five ish years have changed they've they for the most part only improved it's still a fully featured social platform and protocol with a durable and retained user network there's also kind of a sentiment reality dislocation farcaster has had stronger retention than i would have expected in the crypto bear market and with a full change of leadership on top of that will it succeed no clue as i mentioned a while ago i think the default outcome is failure and nothing is inevitable but the surface area of luck is still high and if a proverbial ball were to start rolling it could snowball again quickly in my opinion and i agree i agree what do you think

yep

it just unfortunately doesn't matter to enough people at the moment at the moment at the moment never know

like i feel like everything that's popped whenever farcaster has had a popped off moment though it's been not because of the farcaster team necessarily frames yes degen no right so like and and base sort of you know jumping on and and being that you know partner for a while and pushing the narrative for a bit and then pulling back all of that was completely out of the you know merkel's control so you know be the change i guess is what i'm saying it could be any one of you could be the thing you know create the thing that makes farcaster pop off and if you do we'll be here to we'll be here to talk about it so hopefully yes

and we will talk about you about that

both been here since yeah they were you know my my fid is 4 167 so and yours is 5 87 right

harder to kill yeah the harder to kill something so it could be either way also we have some questions about quizzy we don't know when cast out is coming back we haven't made that decision although although quizzy should maybe have a conversation with burr because the next better games is coming very soon i think it's mhmm imminent and it's gonna be very similar to cast out so if you haven't registered for that in the lobby you should so i don't know is the answer to that the last cast out was a little stressful for me so i needed some time to recover as did i mean literally there are people who are still trying to recover their farcaster accounts because they rage quit and then went oh i shouldn't have rage quit so we'll see but i think we'll you know i'm gonna let i'm gonna see what burr does and have some fun with that and because she's got some good plans there and i think she's built an incredible tool for that purpose so if you liked cast out i would highly recommend jump into the lobby look for bet the next better games register and get ready to play that and then regarding quizzy yes quizzy questions should be directed to papusiek because we are not in charge of that we're just talking about them and that's it yeah lobby games is gonna be fresh exactly yeah if you haven't checked out the lobby go check it out she's doing games all the time so they've had a big thing for world cup they've had you know a whole bunch of stuff for various sports as well as sometimes it's just like a pick a number game i mean go pick your number i should actually do that myself alright last thing that we have we don't have a shout out today we have one potentially for thursday that we're just doing some betting on and if you want to get a shout out on gm farcaster you can put your agent to work and point your agent to this page at g m farcaster dot com slash what is it slash shout outs

slash shout out slash shout out so there you go and this link will be in our show notes as well that's it for me that's it for us anything else i you know forget ingrid what have you been working

it's in the queue

this is a good question i don't have an agent to do the shout outs we're making a regular user option for shout outs

this was created mostly for this experiment with the x four zero two and mpp but go ahead

so

and then you would have to be able to do the refund back and stuff like that right yeah

so her yeah the big the big impetus for this was adrienne wanted to experiment with x four zero two and mpp like that's what

down to i mean agents and agents agent payments i think i

you could yeah you know somebody's having a birthday you know like hey you just wanna say hi

kathy and style that yeah it doesn't have to be by the way yeah it does not have to be you're promoting you know a business a project or anything like that it can just be like

you wanna say hi to somebody on

i don't know send out your crush we won't tell them you could be anonymous somebody like that we'll do that as long as it's you know in good taste

anonymous gossip we'd love that

celebrity gossip

sure

yeah that's true we would know but we could just not reveal and we would need to know because i wouldn't wanna do anonymous notes what if warpee could handle it i think that's what she like it would be a separate agent because warpee's got enough to do

what you wanted okay alright she's alright you know how

you know you know she says like she's gonna think about it and she's gonna think about it for about ten more minutes and then it's be done yeah it's just gonna get built so we shall see check check-in with us on thursday we'll let you know what happened follow adrienne she'll let you know if it's available

and if you do have an agent just tell your agent i wonder if you could do it through bankr as well could you just tell bankr to do it for you

yeah i thought i saw you do that right so bankr if you have bankr club would you need bankr yeah you'd probably need bankr club so if you're if you have bankr club you can just tell bankr to do it for you because they have the skill the skill docs so i think you could do it that way as well so try it somebody try that

somebody try that if you got bankr club we should probably incentivize somebody to try that maybe we'll like refund them just for trying

that's what i mean like if you're gonna yeah like try it out if it works like we'll refund your $5 just for the if it's a good experiment it has to be a good shout out that we like so don't just assume that we're gonna give it back to you but if somebody does a good one uses bankr and it works well we'll yeah yeah we'll we'll give you a little promo for that alright anything else adrienne hey by the way i think and i haven't checked hold on before we go off i think we're on substack today so we just added substack to our live stack and we should be live but i honestly didn't i forgot to check so let me check and see if we actually are live

and you can follow us over there we're gonna start actually if you're a subscriber to our paragraph we're also going yeah we're live we're live over on substack fantastic that did work great i just got that set up and it's not fully set up the way i want it to be but we're gonna start for after each episode we'll be posting that as a note and if you're a subscriber it will also go to your inbox you can unsubscribe from substack if you don't want that and you only want the weekly from paragraph you can just keep that but for now we imported everything over so you'll get all the show notes as well as the the video as well to your

to your inbox so you can watch it over there alright and that's it that's it from us we will be back on thursday at 08:30am eastern we do have a gm farcaster off-site with the whole team

on wednesday so we'll report back from that and look for pictures of that and also yeah go get your agent to work for you wanna shout out and with that we'll see you thursday and until then bye bye

thanks for joining us for