Discussion

• @dwr Dan Romero on x

  Given some rumors, wanted to post a few clarifications: Farcaster is not shutting down. The protocol works and will continue to work. There were 250,000 MAU in December and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup and plans to shift

• @balajis Balaji on x

  As a Farcaster investor, can confirm: money is coming back to investors. Dan and the team built something genuinely amazing, perhaps the best decentralized social protocol. He's independently wealthy from Coinbase, and could have done whatever he wanted, but he decided to spend

• @mirza @mirza on x

  How to Steal $150 Million and Get Away with It

• @cdixon Chris Dixon on x

  Grateful to Dan Romero, Varun Srinivasan, and the team for a five-year partnership building Farcaster. Looking forward to what they do next, and to seeing the Neynar team take on stewardship of the protocol.

• @hishboy @hishboy on x

  With Farcaster losing its founders, Chris Dixon's Read Write Own era is over. Crypto is for Internet Capital Markets. Period. [image]

• @tervelix @tervelix on x

  Farcaster did many things wrong from the beginning. I hate the idea that they still got bailed out. I was looking at Farcaster news and just realized @dwr had blocked me. My only interaction was back in 2024 when they forcibly stole the Bankless channel from its owner to give [im…

• @jchaskin @jchaskin on x

  Farcaster isnt a scam b/c it didnt become Facebook, most startups fail. Ive used it daily for 3yrs, Dan built in public & worked his ass off. We need more Dans Crypto does have scammers but calling every failed startup a fraud cheapens the word & distracts from the actual crimes …

• @montana_wong Montana Wong on x

  Twitter is really a cesspool of armchair critics this week Farcaster founders leaving but built a 6 figure MAU app AND found S-tier stewards + returned investor capital Brex exited ‘ONLY’ at 5bn how many of the critics have done anything remotely close to these achievements

• @0xfoobar @0xfoobar on x

  Farcaster is one of the more respectable wind-downs I've seen in crypto They: - ran a lean team with healthy burn throughout - took a contrarian bet on a huge market gap - built real decentralized tech What they didn't do: - Launch a useless token - Shill vaporware product -

• @swaglord__420 Robin on x

  the CT character assassination of farcaster has been absurd to witness one of the few companies in crypto that actually committed to decentralization, paired with UX that didn't make me want to jump out the window built in public, in good faith, with world-class eng +

• @hosseeb Haseeb on x

  This is complete clickbait nonsense. This dude really hates entrepreneurs. Summary: > Dan was successful and knew successful people > He started a decentralized social company when it was hot > He raised money from a16z > He raised more money from Paradigm > It didn't work >

• @0xnairolf @0xnairolf on x

  i was never a fan of farcaster but come on you cant call it a rug - raised from vcs, not retail - no token to max extract - no points / fee farming that is just building a product but failing to find pmf / traction

• @gregskril @gregskril on x

  I've been a ~daily Farcaster user for 4 years and have seen it all The team raised money cleanly, worked intensively on a decentralized social protocol for 5 years and never grifted They chose to hand off the tech to a (great) team that started building on Farcaster just like

• @andrewjiang Andrew Jiang on x

  An incredibly high integrity way to move on from one of the most ambitious crypto projects in the past few years I have loved being part of the Farcaster ecosystem and, having used @neynarxyz quite a bit, am excited for the builder focused future 👏 @dwr and @varunsrin

• @0xpanicerror Yash on x

  I'm not very happy to see a lot of people criticize @dwr and @farcaster_xyz for winding down. - They tried decentralised social - They chased real pmf - They built a huge community who actually used their app - I myself tried using Farcaster multiple times and actually liked the

• @sahildewan Sahil Dewan on x

  its unfortunate that crypto has a handful of pragmatic, long-term, product focussed founders. but @dwr and @varunsrin are surely among the best in that list. building decentralized social is hard. and farcaster pushed boundaries on many fronts, earnestly. most things they've

• @antoniogm Antonio García Martínez on x

  As an investor in both Farcaster and Neynar, can affirm that the rumors are complete bullshit written by clueless outsiders who apparently don't know how the real world works. I am FID 53, and was among Farcaster's very first users. FC was founded as an uncensorable,

• @marcodemeireles Marco DeMeireles on x

  Proud of Dan. Returning 100% of invested capital, taking care of the team, and being thoughtful about where the tech lands is not trivial — especially in a tough environment. Grateful for his leadership, our friendship and the chance to have supported him over the last five

• @_patrickogrady @_patrickogrady on x

  We're fortunate to have @dwr as an angel in @commonwarexyz. Farcaster was the first onchain/decentralized application I used that didn't feel like one. Having the conviction and insight to shape the protocol around the product continues to serve as a leading example for us.

• @gnovak_ Graham Novak on x

  Venture-scale ambition funded with zero principal risk Imagine betting that a world-series MVP slugger would hit one out of the park... and if you lost the bet, your bet still paid you back? Farcaster investors, congrats: your bet on @dwr exceeded the EV of most venture funds!

• @vandy_prod @vandy_prod on x

  There is more outrage over Dan Romero stepping down from Farcaster than there is about these countless blatant scam rugs happening over on Solana This explains quite a lot of cryptos issues right now

• @scottshapiro @scottshapiro on x

  Huge props to Dan and Varun for trying so hard for so many years to build decentralized social. They deserve nothing but credit.

• @amasad Amjad Masad on x

  @dwr It's clear to anyone who remotely knows you how much work and passion you put into building Farcaster.

• @alokvasudev Alok Vasudev on x

  Dan and Varun gave Farcaster their all and showed tremendous courage, grit, and responsibility along the way. Many of their once controversial decisions are now industry best practices (e.g. mobile app, embedded wallet). They took their obligations to the community, investors,

• @varunsrin Varun Srinivasan on x

  I was very fortunate to get to work with @ljxie twice - first at coinbase and then at farcaster. One of the kindest, sharpest and most hardworking people I've met in crypto. All the best for whats next!

• @ljxie Linda Xie on x

  Today is my last day on the Farcaster team! I plan on staying in crypto next. The space has grown so much since I first joined it 12 years ago but there's still a long way to go. I'm going to keep working on things I want to see exist in crypto and do my best to help it grow

• @saturnial Kayvon on x

  Working with @dwr and @varunsrin has always been a top notch experience. Never deluded. Always grounded. Always helpful. They should be applauded for their efforts. They left a dent even if the full vision didn't materialize.

• @jakub_rusiecki Jakub Rusiecki on x

  I am still writing lead and co-lead checks in social. Consolidation doesn't change my conviction. The biggest wins of this cycle are going to be social consumer apps and social graphs. The design space is still wide open for the right teams. DMs open 🫶

• @post_polar_ @post_polar_ on x

  i present to you the dumbest take in CT history, a remarkable achievement! [image]

• @lurkaroundfind John Galt on x

  Farcaster raised $150M in May, 2024. Still has all the money today. Monad raised $225M in April, 2024. Probably still has most of it today. When your treasury is that big, the ~4% from safe money market funds can pay for much of your expenses. With Monad's ~$400M treasury, at

• @toady_hawk @toady_hawk on x

  I feel like Dan purposefully left the fact that they returned ALL INVESTOR MONEY (??) out of the farcaster transition announcement just so he could bait CT into making fools of themselves (not hard) and then swoop in for the buzz-beater dunk. gg wp.

• @brian_armstrong Brian Armstrong on x

  Dan & Varun are good guys and handled this with integrity.

• @emiliemc Emilie Choi on x

  Proud of @dwr and what he built. Things don't always work out as planned, but he did the best thing for the company here. Would work again with him in a heartbeat.

• @ljxie Linda Xie on x

  I've worked with @dwr since the early days of Coinbase, I'm an investor in Farcaster, built on top of Farcaster, and joined the Farcaster team with Dan as my manager. I'd easily work for Dan again and I have context across 12 years vs any insane hit pieces farming engagement

• @gskrovina Garrett Skrovina on x

  If you think of Farcaster as the next traditional social media platform like X or Instagram, you're going to be wildly disappointed and perennially cynical. If you think of Farcaster as the best community of people building and experimenting onchain while sharing ideas of what

• @tldr_x @tldr_x on x

  we do a little... ....falsely accusing someone of deserving jail time with no evidence and then getting immediately disproven. you stay classy out there, @mirza 🤌 [image]

• @rish_neynar Rish on x

  Seeing some misinformed takes that Farcaster is shutting down no, it's not - the protocol is and remains sufficiently decentralized - @neynarxyz will now operate Farcaster client and Clanker, in addition to the existing developer platform building products will get easier from

• @bdguan Brian on x

  too much farcaster FUD anyone who actually knows @dwr knows he was deeply focused and rigorous in his craft bro was rich far before the secondaries there's no story here startups are hard consumer is hard

• @deeze @deeze on x

  Honest thoughts about farcaster When I was onboarded (FID 5000~), Dan hopped on a video call and explained the vision behind FC. You could tell her earnestly believed in what he was building and was ready to build the network from scratch to get the ball rolling. I enjoyed