What is Farcaster, and why did it raise 150M USD?
fediversereport.com
I take a deep dive into crypto-based social network Farcaster, aka Torment-Nexus-on-the-blockchain.
I think that crypto/web3 is mostly really dumb and bad, but I also do think that what happens on other decentralised social networks is relevant to understand the fediverse. The different protocols influence each other and I dont think they should be understood in isolation. That is why I wanted to have a better understanding of what Farcaster is, and why a16z wanted to spend so much money on it.
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It really isn't a different debate when you're talking about putting them on the blockchain, and all that other engineering has already been done by other distributed social networks.
Ok, we are talking in circles, you have your opinions, I have mine. If you want to talk about this over voice at any point, let me know, I don't think text is going to get anywhere, and Lemmy has a pretty strong bias against crypto (which I understand, but obviously disagree with)