nick

New in @jukeaudio 🚢 Recordings are now available in the mini app. Share, and they will post as a link to the recording in the mini app.

New in @jukeaudio 🚢 Mini app now supports listening to ongoing spaces. All Farcaster users can now listen to Juke spaces regardless of whether or not they have the app. Speaking still requires downloading the app. Get the miniapp: https://juke.audio/miniapp

juke's a live audio client, but live only works when people are online at the same time. that's hard on a network this size right now. voice notes don't need concurrency. you post, someone hears it on their own time. recorded my first one here.

Snaps are live on @jukeaudio First interaction will require going through a SIWF flow to register your signer.

Everybody kept saying Farcaster was dead. I aim to prove it was simply hibernating. https://open.substack.com/pub/nickysap/p/farcaster-was-dead-so-i-started-building?r=3rdngu&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Finding it overwhelming to keep up with all the AI news, releases, papers, etc., so I built Nexus. An open source, real-time 3D knowledge graph that maps the AI ecosystem. It ingests research papers, news, and product releases, then uses AI to figure out how everything connects. Browse: https://nexus.carapace.bot Contribute: https://github.com/99darwin/nexus

Schrödinger’s App

TIL pumpfun has a mobile app with social features, incl. a dedicated feed for their live streams, basically all the copytrading features you'd expect, and now a feature to broadcast calls to followers. https://x.com/Pumpfun/status/2011865917160907160?s=20

Nikita kills InfoFi, sending multiple projects to the heap. On one hand, it's probably a net positive for humanity that this meta is dying. The slop was unbearable. On the other, it shows how quickly entire verticals can be destroyed by a single, centralized counterparty.

Farcaster's founding premise was building social that doesn't extract from users the way Web2 platforms do. That vision still matters to me. But watching the platform aggressively push casino mechanics while influential accounts push extractive, low-cap shitters is potentially more predatory. Facebook traded our privacy for advertiser money, now we're just getting directly farmed for our actual cash. I'm not innocent here. I've participated. But I'm financially capable of losing the money I put in and know the risks at the deepest possible level. In a real casino, the players know the house has an edge but the outcomes are generally balanced, albeit slightly unfair. You CAN hit the jackpot. You CAN get a blackjack that doubles your money. You CAN leave. The casino isn't woven into your social life. Perhaps this is emergent behavior and not coordinated strategy. But when platform incentives align with getting users to trade, the outcome is the same either way. "Build your own client" is at best a cop out and at worst gaslighting. We can't feasibly compete with the top Farcaster clients that have hundreds of millions or even billions of dollars in funding. The hardest part for me to admit is that the trading angle will probably work. Market momentum tends to beat ideology every time. But the values that led a lot of us here is at odds with where we're going. Are we really going to build something better than we left behind? Or are we doomed to create something even worse?

Remember a week ago when I said ICOs were due for a comeback? https://x.com/coinbase/status/1987883986924843073

I’ve updated my Farcaster Bull case. Everyone seems to have their opinion about what FC is for or what it should be about. “It’s for Base maxis.” “It’s just for devs/builders.” “It’s all crypto bros.” But time and again, the casts that go viral and resonate with the most people are authentic, human stories that bare truths about the writer. The uniqueness of this phenomenon can’t be understated, especially as the internet continues to ossify over the generative corpse of its once-lived existence. The dead internet theory doesn’t apply on Farcaster. IMO, that’s its greatest strength. You can still find and connect with real people from a diverse spectrum of backgrounds. What you do with those connections can form life-altering bonds. That’s not possible anywhere else online.

Ngl I watched the whole Rainbow / Clanker drama unfold in realtime late in the /europoooooor hours and had one thought which I sent the gc I stand by this thought as I feel it is the most refined version of my many takes

Sure, happy to address this absolute mess. I announced a CTO of Circus a few weeks back. We handed over the project to a team we had worked with for a couple of months who successfully closed deals with some KOLs, managed launches, community engagement, etc. I met with their dev, who also came across as a reasonably knowledgeable guy. These were people we spoke to on a daily basis via either Telegram or voice. We didn’t have any reason to consider this team untrustworthy. If anything they were eager to make the project succeed. A CTO is just that, a take over. The deal was that we would provide them with the LP tokens and would keep paying for the infra while we transitioned the code to their team. In return, they would keep the project going, grow it, and give it new life where we couldn’t. They continually dragged the launch date out further and further but kept us in the loop constantly. We were even going to help them with some of the configurations for the launch. With the intention to use the Circus Launchpad. The other night, the lead guy started threatening me. Trying to squeeze me for money. He sent me pics of my family and made several threats I would consider severe. The following day, he apologized for “crashing out” and went on to continue planning the launch, which was meant to be this week. At approximately 23:30 CEST I start getting messages about a rug that occurred and tweets from the Circus social accounts, which we had turned over weeks ago. Probably the worst possible outcome imaginable and I am still getting all the facts myself. Very frustrating, especially when I’m not at my desk and able to handle things appropriately.

I won! Amazing to earn actual money for my writing and to be recognized in this way. Thank you for the support 🙏🙏🙏 Bullish @paragraph 🚀

we interrupt this scrolling session to announce that bitcoin has reached new all time high altitudes

I hate to say it but the Solana trenches are rinsed. The $pop wallet that FSH'd ~$22k was slowly selling over the past 24 hours after receiving multitudinous inbound transfers of the token from a number of accounts, all in denominations equivalent to roughly $950. This is a typical strategy to obfuscate the source of funds (Slerf tools has easy to use and cheap functions for this). The wallet never made a purchase of the actual token, it only received the tokens for free. It got impatient and dumped everything it held. Over the course it was more than 35% of the total supply of the token.

TBA already has ads in-feed and across the suggested mini apps. Glad we’re disrupting. Cool. Great. Thanks.

“I was a qDAU initiate. Had the power badge. Bet you’re too young to even remember. Minted every release NFT. Hustled for single-digit likes. You ever build rapport with the auto-follow cabal? Organically? Didn’t think so. I narrowcasted into channels you’ve never heard of. Dropped Frames no one used. No one. And warps? I earned more than you’ve seen in your whole life—only for them to be deprecated into dust. You? You sign up, post a selfie, and hit the leaderboard. It’s too late for me, but maybe someday… you’ll understand.”

Big day for @circusdotfun and Farcaster. The airdrop went extremely smoothly. Hats off to @pirosb3 and the team. @linda coordinated the entire process beautifully, making us feel like genuine partners every step of the way. Here are some thoughts now that the dust has settled:

Sheesh we're seeing more traffic than we did at Accelerate today. Systems have been upgraded. If you saw degraded performance before, try again. The show goes on 🎪 app.circus.fun

First 🎪🪂

Long @circusdotfun update that covers: - Platform updates - Farcaster airdrop - June 13 airdrop - Staking - Looking forward