Suppose Farcaster becomes as decentralized as Ethereum. What can be built if you assume a messaging protocol running alongside a smart contracts protocol?
Social networks for different verticals! Social networks can look similar to “tv channels”
I'm on one today about it but Governments Conversations > Proposals > Voting > Fund raising > vendor payments > Discussion of outcomes I'm convinced some city council somewhere will go on chain Full transparency and accountability of finances
proof of data provenance, 'sealed' streaming data pipelines, forward sealing aka ACLs, eventually every bit of data can have a proof. The progression from high value to ubiquitous use of data proofs a la SSL's evolution.
This is a bit out of date at this point, but the goal is to get to at least 100 independently operated Hubs. https://farcasterxyz.notion.site/Decentralization-of-Hubs-40f9e8dd024046a795e5673bdad224f0
The possibilities for Farcaster are endless. Payments, maybe? Identity?
Reputation mechanisms and Tokengated hubs ( can translate to IRL events)
Can communities flag content and collectively solve trust and safety, or is that still censorship?
The way I like to think about this (sorry no answer, just a similar question) is: If you had access to google, facebook, twitter and snapchat internal APIs and databases, what product would you build w that?
Higher order actionable forms of speech/conversation enabling widest distribution of democratic response abilities. https://twitter.com/bitsikka/status/1406093907193069568
could affect wherever centralized messaging/comms is closely tied to an on chain event (eg OTC desk, DAO governance discussion)
A fan driven loyalty program guided by verifiable metrics re virality and purchase outcomes for each contributing fan’s social activities. Could see how marketing might get crowdsourced in many, small, specific ways all the while ROI becoming easier to measure.
Real-world networked communities. Deeply connected socially and financially. Free of censorship overhangs. Farcaster could serve as the base layer for a Network State’s super-app. Thoughts?
real world bug bounties working on building this https://docs.google.com/document/d/1uQaG9eWJWNvbtMhx_umOoc69Z-POXxZiTU1MzuBca4Y/edit?usp=sharing