GM Farcaster episode 56 - Fridays with Frens special guest Linda Xie

GM Farcaster episode 56 - Fridays with Frens special guest Linda Xie​

February 13, 2024

Check the full episode on Youtube:

SUMMARY

The Farcaster team is rapidly shipping app ideas and using frames in Bounty Caster to unlock new possibilities, revolutionizing the way we interact with technology and creating a genuine and engaging community.

• 00:00 🎮 GM Farcaster celebrates one year of Frame Friday, teases new video, and announces upcoming availability on Warcast with new features for channels.

  • GM Farcaster discusses the one year anniversary of Frame Friday and the release of a teaser video at 10am PT.

  • Every Friday they ship something, and it's like Groundhog Day.

  • GM Farcaster will soon be available on Warcast, with the team shipping updates quickly and listening to user feedback.

  • Coinbase team has a founder-like energy and it's fun working with everyone again in a decentralized manner.

  • New feature for channels on warp cast allows up to 25 co-hosts with full permissions to manage the channel feed, and the speaker discusses the need to add co-hosts to manage spam.

• 05:20 📅 Excited about new frame features in Bounty Caster, quick development and experimentation, and funny moments shared on the show.

  • Create a frame with four buttons that link to different pages with 69 lines of code, and make sure to mention the Notes Calendar, zoom link, and recordings.

  • Excited about the potential of frames in Bounty Caster, allowing for new features and use cases, and enjoying the creativity and energy of hackathons on Farcaster.

  • People are excited about the quick development and experimentation happening with Bounty Caster, and there was a fun virtual hack platform with spontaneous support and energy.

  • The speaker and their co-founder worked quickly to showcase what's possible with frames for Bounty Caster, receiving early sneak peek information from Jesse.

  • The speaker discusses funny moments and the excitement of being able to share stories on the show.

• 10:25 📱 New app features and privacy considerations, NFT minting with personal info, dgen bounty announcement, podcast assignment for students, and authors narrating their own audiobooks.

  • The speaker discusses the quick shipping of example apps, new spec for input fields, and the importance of not entering sensitive information into text fields.

  • When implementing new features, it's important to consider privacy risks and the potential for wallet draining.

  • New feature allows users to mint NFTs using personal information, announcement of dgen bounty for creating a dgen frame, and mention of Chris Dixon AMA for his new book.

  • Assigned podcast to students, due next Wednesday, interested in seeing if they read it, some prefer physical books, others listen to audiobooks.

  • Authors are now often narrating their own audiobooks, which can add a unique and interesting element to the listening experience.

• 15:07 📅 The speaker discussed the concept of Farcaster and their excitement about building on top of Bitcoin, payments, stable coins, decentralized social graph, and open AI to create an MVP with an AI component for processing cash using natural language processing.

  • The speaker missed some news before discussing Bounty Caster with Linda.

  • Emojis and frames can be used in posts, and the speaker tested out the Bounty Caster feature by posting a bounty and learning how it works.

  • The concept of Farcaster came from the desire to provide global payment opportunities for people regardless of their background or location using crypto.

  • Bitcoin, payments, l2s, stable coins, decentralized social graph, and open AI are all huge unlocks that the speaker and their team are excited about, and they have decided to build on top of them.

  • Combining bounties, farcaster, AI, stable coins, and L2 to create an MVP with an AI component for processing cash using natural language processing, reducing friction for users.

• 19:56 📅 The focus is on meeting users where they are, accessing bounties on the ual website, and adjusting the product based on user feedback without major pivots yet, with a focus on adding services for peer-to-peer marketplaces and connecting with a niche audience.

  • Focus on putting the human first and letting the algorithm conform to us, meeting users where they already are.

  • Users can easily access and view all bounties for frames on the ual website, making it convenient for developers and designers to find and reply to different bounties, with the most popular use case being multic claim bounties.

  • 10 people will receive 10 USDC for user feedback, and the company is focusing on picking up claims and adjusting the product based on user behavior without any major pivots yet.

  • Users were not interested in certain interactive features, so the focus is now on adding services to facilitate peer-to-peer marketplaces.

  • The speaker discusses the opportunity to connect with a niche audience through a service, and mentions donating back to farcon.

• 24:41 🎤 Founders raised $800 for the Bounty pool, excited for Farcon and Ember, plans for live streaming and posting videos, discussing lack of disputes in marketplace, resolving conflicts through reputation and social backing, valuing bounties in a global community.

  • Founders received feedback on their pitches and raised $800 for the Bounty pool for farcon.

  • Excited for Farcon, live streaming at the event, also attending Ember and planning a meetup at Eber.

  • The speaker discusses plans for live streaming and posting videos in the GM Farcaster channel.

  • The speaker discusses the lack of disputes in their two-sided marketplace for skills, attributing it to the limited number of people who can post and the highlighting of good bounty posters.

  • Resolve conflicts by leveraging reputation and social backing, as failure to pay up will result in public call-outs and potential cancellation.

  • The speaker discusses valuing bounties in a global community and potential ways to do it, including looking at completed bounties for pricing examples and adding the ability for others to indicate interest in a bounty at a higher price, as well as the idea of voting on whether a bounty is well-priced.

• 31:21 🌐 Global transactions and payments are made easier with L2 and crypto on Farcaster, team working on improving bounties and button functionality, speaker reminisces about Neopets and learning coding.

  • Global transactions and payments are made easier and more efficient through the use of L2 and crypto on Farcaster, with addresses already connected and ease of use expected to improve for other currencies.

  • The team is working on making it easier for people to create bounties by using frames to prompt users to enter information instead of having to write it all out.

  • The team is working on improving the limited positioning and functionality of the buttons, and they expect to see progress in a few weeks.

  • The speaker discusses the energetic and infectious nature of the conversation, as well as the time constraints for the show.

  • The speaker discusses their first internet friend from Neopets and how they learned coding, investing, and running a guild on the platform, as well as their favorite channel on the social network.

• 36:39 📅 The speaker discusses the supportive crypto community, their choice to build on farcaster, and directs people to give user feedback to improve Bounty Caster.

  • Mafia and cabal are terms the speaker doesn't like, but they appreciate the supportive and special community of early crypto believers.

  • The speaker discusses their choice to build on farcaster due to the friendly and genuine community, comparing it to the early days of ethereum, and their preference for spending time on farcaster over Twitter.

  • Direct people to give user feedback to improve Bounty Caster, try it out with small bounties, and wrap up the video.

  • The video will be posted on Warcast, and the regular show will be back on Monday at 8:30 a.m. eastern, available on Zora and all podcast platforms.

INSIGHTS

Key insights

• 🚀 The shipping forecaster team ships like crazy, listening to users and iterating quickly.

• 🌍 The use of frames in Bounty Caster unlocks a lot of new possibilities and use cases, creating a fully fledged app within farcaster.

• 📱 The Farcaster team is shipping app ideas quickly, showcasing some amazing examples.

• 🤖 Combining bounties, farcaster, and AI to streamline processes and reduce friction for users could revolutionize the way we interact with technology.

• 🌐 The ease of accessing and curating bounties on the UAL website has been a great success for developers and designers.

• 🌍 The idea of separating the value of what you can bring to the world from where you live makes me very optimistic.

• 🌐 Global transactions and currency conversion are made possible by L2 and crypto, making it easier for users to connect their addresses and conduct transactions seamlessly.

• 📈 The high signal and friendly nature of the farcaster community makes it a more genuine and engaging platform compared to Twitter.