Farcaster's Big Moment with Founder Dan Romero
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 7 February 2024
⏱️ 93 minutes
🧾️ Download transcript
Summary
Farcaster is a twitter-like crypto social media app that just launched what could prove to be a killer new feature. They’re called frames.
We’re calling it now and we’re calling it early - we think Farcaster frames could be a breakout use-case for crypto this year and a way to onboard the masses in the months to come and we're here with founder, Dan Romero, to explain why.
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TIMESTAMPS
00:00:00 Start
00:07:48 Intro To Dan and Farcaster
00:12:00 What's Different About Farcaster
00:17:12 Investing in Farcaster vs X
00:22:19 Introduction To Frames
00:29:40 Frames Escape Velocity
00:38:22 Building a New Internet
00:47:52 Frames Distribution
00:54:52 Sufficiently Decentralized
01:05:11 Censorship
01:10:07 Farcaster Costs
01:15:29 Farcaster Economics
01:21:54 Rapid Fire Q&A
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RESOURCES
Farcaster:
https://www.farcaster.xyz
Dan Farcaster:
https://warpcast.com/dwr.eth
Dan X Profile:
https://twitter.com/dwr
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
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| 0:00.0 | We only get actually frankly crypto I think to a much broader group of people if it stops being just about crypto and more about like what is this the kind of cool things that crypto under especially under the hood are enabling right so you |
| 0:13.8 | could imagine every channel could have some type of membership in a |
| 0:17.2 | F. And Reddit has an example of like people who are in a subreddit they can have |
| 0:21.8 | flare but what if that flare was basically associated with people who are in a subreddit, they can have flare. |
| 0:22.6 | But what if that flare was basically associated |
| 0:24.8 | with NFT? |
| 0:25.6 | One, that's better monetization for the potential creator |
| 0:28.4 | of that channel. |
| 0:29.4 | Two, can't be rugged, right? |
| 0:32.0 | So Reddit went through a big thing last year with the |
| 0:33.8 | API, like a bunch of mods, were unhappy. Like you can imagine a world where |
| 0:37.8 | Farcaster channels like, okay, I don't like the way Dan and team are headed. |
| 0:43.2 | My user base is actually on chain. |
| 0:45.7 | I can kind of fork it out and go do something different. |
| 0:48.0 | And so I think we want to balance the average users |
| 0:51.3 | don't care about that, but the creator does. |
| 0:53.2 | And how can you actually merge those two experiences together |
| 0:55.6 | where you have this amazing consumer experience |
| 0:58.0 | on mobile and an app, |
| 0:59.8 | but the power of kind of blockchain under the foot. |
| 1:05.0 | Bankless Nation, Dan Romero on the podcast today. |
| 1:09.0 | He is the founder of Farcaster. |
... |
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