3min chapter

Into the Bytecode cover image

Dan Romero: Farcaster, building a decentralized social network

Into the Bytecode

CHAPTER

How Do You Think About the Concept of Competition?

I think I learned a few things at Coinbase one and I think people don't appreciate this from the web two element becauseCoinbase is very much a Silicon Valley company. Most people who get into crypto don't want to have a hardware wallet they actually just want something that feels safe. You can buy the same ETH or Bitcoin at a competitor and probably for cheaper fee but fundamentally it's more akin to what initially drove a lot of what people picked Apple for in the sense that they either was a brand or if you did every feature like iPod compared to some other mp3 player.

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