If last year told me a 100+ people would be involved in permissionlessly created groups furthering the Farcaster protocol, I wouldn’t have believed you. Success for a decentralized social network means no one node has outsized influence. It might be messy, but this is what the decentralizing process looks like.
Three critical elements essential to the long term success: 1. protocol itself is 100% permissionless later this year and a path to self-funding a core team separate from any one company 2. an ecosystem of independent apps and services funded by a variety of sources 3. quality daily active user growth
From an outsider perspective. We are onto something, a decentralized social platform supported and developed by motivated individuals. Farcaster is evolving and continue to be so in coming day. But i still remain skeptical, scaling and monetization remains my biggest concern.
