Dan Romero was employee #20 at Coinbase. After helping to build the company for 5 years, he left Coinbase in 2019 to build an alternative to Twitter with his Coinbase colleague, Varun Srinivasan. This idea transformed into Farcaster - a web3 social network that has become a go-to place for the crypto community in the last few months.
TIMESTAMPS:
What is Farcaster
How Dan Romero became employee #20 at Coinbase and what he learned about crypto, and why he left in 2019
Why RSS lost and how Farcaster started as RSS+
Farcaster as a Twitter for crypto people, sufficient decentralized social network, why it’s great for users and developers, and what are parallels to crypto exchanges
What’s so unique about their user onboarding process, and which parts have been inspired by Coinbase
How permissionless building inspired the community to build a bot to make onboarding greater
Why they went for slow growth… just like Facebook
Why are they more interested in Daily Active Users than sign-up growth
Special moments that Farcaster delivers and how they designed the app to facilitate them
Why they don’t have quote tweets
What apps have already been built on top of Farcaster
Why developers should be able to create new social experiences
History of pseudonymous co-creators of the US Constitution
Why does the growing amount of data inspire people to build apps on top of Farcaster
How web3 social makes it much easier to start a new social app
How does Farcaster works technically, and how it’s similar to Domain Name System
Why they gathered FC developers on Telegram instead of Discord
What’s the 6 months plan for Farcaster, and what’s their 3 years vision
How switching clients would help people to “build their own Facebook”
Where people can learn more about Farcaster