155 - The Rise of Decentralized Social Networks with Farcaster’s Dan Romero

<p>✨ DEBRIEF | Unpacking the episode:<br /> <a href= "https://shows.banklesshq.com/p/debrief-dan-romero">https://shows.banklesshq.com/p/debrief-dan-romero</a> </p> <p>------<br /> Dan Romero was an early employee at Coinbase and is now the Co-Founder of Farcaster, a new decentralized social network that has captured the attention of many in Web3.</p> <p>Aside from sharing a secret passcode to access Farcaster during the episode (Bankless Premium subscribers only)…Dan also shares his thoughts on why he doesn’t think Web2 social media is broken, why people should care about decentralized social media, how decentralized does it have to be in order to work, and how all of this will fundamentally change the internet and the trajectory of humanity.</p> <p>------<br /> 📣 Crypto Tax Calculator | Free Crypto Tax Calculator<br /> <a href= "https://bankless.cc/CTCpodcast">https://bankless.cc/CTCpodcast</a> </p> <p>------<br /> 🚀 JOIN BANKLESS PREMIUM:<br /> <a href= "https://newsletter.banklesshq.com/subscribe">https://newsletter.banklesshq.com/subscribe</a> </p> <p>------<br /> BANKLESS SPONSOR TOOLS:</p> <p>🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE<br /> <a href= "https://bankless.cc/kraken">https://bankless.cc/kraken</a> </p> <p>🦄UNISWAP | ON-CHAIN MARKETPLACE<br /> <a href= "https://bankless.cc/uniswap">https://bankless.cc/uniswap</a> </p> <p>⚖️ ARBITRUM | SCALING ETHEREUM<br /> <a href= "https://bankless.cc/Arbitrum">https://bankless.cc/Arbitrum</a> </p> <p>🚁 EARNIFI | CLAIM YOUR UNCLAIMED AIRDROPS<br /> <a href= "https://bankless.cc/earnifi">https://bankless.cc/earnifi</a> </p> <p>------<br /> Topics Covered</p> <p>0:00 Intro<br /> 6:08 Is Web2 Broken?<br /> 10:25 Web3 Improvements<br /> 19:25 Unique Web3 Properties<br /> 24:42 Developer & User Sovereignty<br /> 31:57 Farcaster’s Feature & Protocol Thesis<br /> 45:25 Unique Properties of Decentralized Social Platforms<br /> 58:29 Growing Farcaster & Client Competition<br /> 1:05:39 Incentive Mechanisms<br /> 1:11:30 Is a Token Needed?<br /> 1:15:55 Protocols<br /> 1:19:4