Farcaster just raises $150M from all of the usual suspects in crypto vc. If we want Nostr to win, we're going to have to start moving faster. https://unchainedcrypto.com/decentralized-social-network-farcaster-raises-150-million-in-a-series-a-round/
Move Fast & Break Things are what VC backed shitcoin platforms do.
Take a 10-year investment of $150M. If you put on the S&P, you get 325M after 10 years with "no risk". If you put on Bitcoin, you get 1B back with wide swings. But in both, you do nothing. OR give it to a start up that can lose everything and return ZERO back. Question: How much should you expect the startup to return to you to be worth that type of risk? $10B? That's 10B just for your share of the company. If you take a 25% share, the company should get be worth $40B. How much profit does the company have to have to be worth $40B? For comparison, Snap is worth $25B with 5B in advertising revenue from 350m users. If you don't like ads, $5B in subscription revenue requires $1/mo for 350m PAID users. Can this company get 350m PAID users? nostr:nevent1qqs0rr3epcsj6zr77cjw4wkx86vgn3m788kf8ddusxx36pj0z86xa5cpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqthz7k56g8z5sjumg9zr9tzfg9y5u7y76t47943tyluslayduk4sqcyqqqqqqgnx9d2x
Sure, but we don't need shitcoins to do it.
I would absolutely love to see a talk about Nostr vs Farcaster vs Mastadon vs ?? submitted to the agenda for #NostRiga Anyone feel up to it? https://github.com/nostrworld/nostriga/issues nostr:nevent1qqs0rr3epcsj6zr77cjw4wkx86vgn3m788kf8ddusxx36pj0z86xa5cpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgspwut66nfqu2jztndq5gv4vf9q5jnncnmfwhckk9vnljrl53hj6kqrqsqqqqqp47d5vw
We'll move slower, but we'll be better off in the long run because we aren't tied to scammy centralized tokens. nostr:nevent1qqs0rr3epcsj6zr77cjw4wkx86vgn3m788kf8ddusxx36pj0z86xa5cpzemhxue69uhhqatjwpkx2un9d3shjtnrdakj7q3qzach44xjpc4yyhx6pgse2cj2pf98838kja03dv2e8ly8lfr094vqxpqqqqqqzjgafcj
And they will piss it all away. More vaporware.
This is definitely a race.
First it's asking me for a email account and now it's asking me for 5 dollar to finish setting up an account. I don't think this is anything like Nostr so no need to compete.
Willing to bank on the fact that farcaster wont be around by the next cycle
should we get ready for another shit coin chart? 😂
Yeahnah 🐢 #build