I think this guy is being a bit cavalier with his bot classifications. A lot of those accounts seem like real people who just post dumb NFT memes (and yes, that is the majority of Farcaster users), but that doesn't mean that they're bots. 

As a whole, I definitely think that this is way overvalued, but you have to remember that I'm sure this investment comes with a sizable allocation of their Wrap-token shitcoin, so in all likelihood, the investor will probably end up making a bag. It isn't very difficult to get a coin up to a 1B+ market cap in the world of crypto, and Farcaster is legitimately popular over there. 🤷‍♂️ 

 oh... I didn't know they had their own coin, I thought it was 100% ETH
It does seem like he dismisses most of the users as bots, but I still don't see much original content. Nostr doesn't really have good hashtags or channels but I've seen better content on global

I've been trying to get an account setup so I can do explore it, but it keeps giving me an error saying the purchases api isn't available on my phone. I think its because I don't have google pay setup 😞  

 Hmm, yeah their onboarding kinda sucks. I join awhile ago but churned pretty quick