A cryptographic signing key is attached to each account, and they have been experiencing very fast growth over the past month.
A dashboard is possible to share because the data is open: https://dune.com/pixelhack/farcaster
Either way I'm staying away from anything that's tied to a crypto coin. I know Ethereum is also contracts, but I just feel that crypto is tainted with scams. If a technology wants to use a block chain, fine, but why tie it to a monetary value? That's when you start stepping over the line of tech and into people's life savings.
Farcaster simply taps onto the PKI part, to assign an identity that the user can own. That seems to be pretty legitimate use case. And you don't get any exposure to a token. In fact, you don't need to know any of those technicalities. Besides knowing that your identity and social graph (who you follow, who follows you, likes, etc...) cannot be rugpulled from you. Which seems pretty neat.
It's the fact that people are investing money, losing money, gaining money with this coin, that is bothering me. As soon as there is money to gain people become very manipulative.
https://decrypt.co/resources/farcaster-explained-the-blockch...