Over 5 months later it’s now exceedingly obvious that retail did indeed get fleeced again. Friendtech totally dead. Points worthless. Share (key) selling influencers made out like bandits by manipulating their own markets. Platform made $30M in fees. This time was not different.
Over 5 months later it’s now exceedingly obvious that retail did indeed get fleeced again. Friendtech totally dead. Points worthless. Share (key) selling influencers made out like bandits by manipulating their own markets. Platform made $30M in fees. This time was not different. https://t.co/Khkt5YqDO5
@beaniemaxi Same shiii happenin wid @farcaster_xyz now, so history gon repeat or dis time different?
@beaniemaxi Friendtech walked so farcaster could run Socialfi will have its day, and then some. Its take progress to get there.
@beaniemaxi 🎯 completely faded ft and this post u dropped was the confirmation
@beaniemaxi The best part is when people like you and I spoke up about this and that it wasn’t sustainable, the cabal getting hot and bothered
@beaniemaxi Very direct and great post. The 10% fees, collectively 20%, was never sustainable. Even more so, they leveraged gambling habits to drive cash flow. Points have yet to mean anything. I didn’t talk about the numbers but from a social behavior perspective it was also doomed.
@beaniemaxi Very direct and great post. The 10% fees, collectively 20%, was never sustainable. Even more so, they leveraged gambling habits to drive cash flow. Points have yet to mean anything. I didn’t talk about the numbers but from a social behavior perspective it was also doomed.