# 155 - The Rise of Decentralized Social Networks with Farcaster’s Dan Romero

*Author: Ryan Sean Adams, David Hoffman*
*Published: Jan 27, 2023*
*Source: https://www.bankless.com/de/podcast/early-access-the-rise-of-decentralized-social-networks-with-farcasters-dan-romero*

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Aside from sharing a secret passcode to access Farcaster during the episode (Bankless Premium subscribers only)…Dan also shares his thoughts on why he doesn’t think Web2 social media is broken, why people should care about decentralized social media, how decentralized does it have to be in order to work, and how all of this will fundamentally change the internet and the trajectory of humanity.

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**TIMESTAMPS**

0:00 Intro

6:08 Is Web2 Broken?

10:25 Web3 Improvements

19:25 Unique Web3 Properties

24:42 Developer & User Sovereignty 

31:57 Farcaster’s Feature & Protocol Thesis

45:25 Unique Properties of Decentralized Social Platforms

58:29 Growing Farcaster & Client Competition

1:05:39 Incentive Mechanisms

1:11:30 Is a Token Needed? 

1:15:55 Protocols

1:19:48 Advertising & Farcaster

1:25:48 Farcaster On-Chain Footprint 

1:27:47 Spam Prevention

1:31:31 Discoverability & Regulation 

1:33:45 Identity 

1:36:00 Closing & Disclaimers

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#### RESOURCES
Dan Romero

[https://twitter.com/dwr](https://twitter.com/dwr)

[https://danromero.org/](https://danromero.org/)

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