HOT OR NOT: @itsbasil vs @carlos — Who wins! #HON-BATTLE-345377-20251021

🏈 Join me on PICKEM! Make your NFL picks and compete for prizes 💰 🎯 Pick every game straight up 💵 $1 entry in USDC 🏆 Winner takes the pot! @linda @noiceapp @tike @horsefacts.eth @sarahakwisombe @mintedmerch @sagor9936 @sunrisebaby @thefirm @july @fffflood @stevedylandev @lambchop @trent @jacob @0xdesigner @cdixon.eth @itsbasil @yonfrula @nounishprof @nickgrossman.eth @eddy @coopahtroopa.eth @nikitabier @pauline-unik @jake @ted @kepano @hww @prberg @0xmert @tldr @zach @gakonst @bored @barmstrong @pugson @jacek @aneri.base.eth @w1nt3r @fredwilson.eth @justindrake @vitalik.eth @toadyhawk.eth @accidentalboymom @jesse.base.eth

HOT OR NOT: @king vs @itsbasil — Who wins! #HON-BATTLE-541936-20251024

This is a great read from @itsbasil, tho a touch cynical even for me. ;) I'll preface this long thread with the fact that I love what @barmstrong, @jesse.base.eth, and the @base.base.eth team are building. Also: I'm not an armchair quarterback here. I am a builder/creator with a spouse, children, and bills. I'm all-in on Base with Birthday Labs and that's why I care. I'll support and build even through strategic disagreement. My concern is a bit orthogonal to Basil's, and related to my "credible neutrality" post: the folks building the infrastructure are also the tastemakers. I believe Base should be neutral, but it's not. If their opinionated approach with @baseapp.base.eth doesn't work, Base as a chain will suffer, whether we like it or not. Philosophically this isn't the case, as the two are distinct endeavors, but practically speaking they are inextricably linked. Not just in name. In a real way, Base the L2 (not just TBA the consumer product) is betting the farm on creator coins. My take? Base should 𝘴𝘰𝘭𝘦𝘭𝘺 focus on builders, developers, startups. Let us worry about creators, consumers, products. Put another way: Base Build, Base Ecosystem Fund, & CDP should have 𝘪𝘯𝘧𝘪𝘯𝘪𝘵𝘦𝘭𝘺 more attention, cheerleading, and hard resources than TBA. Let startups and builders figure out consumer products, product-market fit, and tokenomics. Give us robust, canonical onchain primitives, similar to what @dwr, @v, and Farcaster are doing with the social graph. Don't add cognitive load to devs who have to support Farcaster and TBA with differing APIs and approaches. Easy to say "you can just choose not to!", but it's literally 𝘵𝘩𝘦 𝘉𝘢𝘴𝘦 𝘢𝘱𝘱. Practically speaking, there's no choice. Let builders build. I think the opportunity Base has is MASSIVE. I pray they'll get it right. https://farcaster.xyz/itsbasil/0x394d787c

Saw these two casts drop in my feed , is there a connection here or just timeline timing ? 👀 https://farcaster.xyz/itsbasil/0x97077ab3 https://farcaster.xyz/dwr/0xa0f6e415

a tale of two sentiments https://farcaster.xyz/itsbasil/0xad1b2055 https://farcaster.xyz/itsbasil/0x97077ab3

https://farcaster.xyz/itsbasil/0x7f1045fd

29 Seconds of Farcaster ... What did you miss this weekend? * Some good discussion about the SkyCastle project and launch. I find that in moments like these — when there is debate over a project — while I'm sure it's not fun for the people involved, those of us observing can learn a great deal about this space and how things work. Here are 3 thoughtful casts from those involved, that can lead you elsewhere: https://farcaster.xyz/toadyhawk.eth/0x96bb919a https://farcaster.xyz/itsbasil/0x752dc2fe https://farcaster.xyz/derek/0x04361be1 * @funghibull announced @playlarp --a weekly crypto fantasy game where you select your tokens for the week and hodl to see who wins the week. Early access, beta atm * @tryemerge by @atown continues to capture the imagination on the Timeline, which is rare--10 days straight of people enjoying creating 'workflows' to stylize your pfp--more use cases coming * Bracky was busy this weekend with European football, American football, The Ryder Cup, & the baseball season ending. $BRACKY on the weekends is now a staple FC activity for many * @betrmint held a @ponder contest for an art piece this week & after a good turnout of voters, @valentinaartt was the winner. She will create an art piece for a spin day this week and will make ~ $600 in support. That's what $BETR does. * /gmfarcaster today at 11:30 AM EST with their first 'ClankerCaster Monday' under a new Clanker Sponsoship, guests @katkartel.eth @svvvg3.eth will join @adrienne & @nounishprof to talk MintedMerch. Get all your FC & Base App News 💜 🟦

onchain activism is here yesterday we saw something unprecedented: rainbow issued an open letter to $clanker holders offering to acquire the company in a structured all-token deal this wasn’t a casual blog post, it was a third attempt after private talks failed. when clanker management declined, rainbow went public—effectively issuing a hostile takeover bid—asking token holders themselves to pressure management into accepting for months, clanker’s community has voiced frustration at the lack of value accrual to the token. a vacuum that created this opening, where rainbow then stepped in with a clear message: if management won’t drive token value, we will this is the first public attempt at activist tokenholder pressure—and it won’t be the last. and while i stand wholeheartedly at clankers side here & think the move was unnecessarily aggressive, i understand it, and it begs the questions: what if clanker was a dao? what if the token was deeply tied to protocol revenues already? and what if 51% of the holderbase agreed to the terms? further, does it even matter? why does rainbow need permission to fork & vampire clanker? what keeps people coming back to clanker in the first place? and do we really want to give token holders rights? this is so-called "internet capital markets," and these are things i've been thinking about for awhile it's also worth noting that we are deep in the process of establishing a consortium that, among other things, will work for & defend the ecosystem against these very things anyway, i looked back at some older posts & pulled some things that may be useful 1. on tokenholders as owners, the rise of tokenholder rights & open letters https://x.com/0xbasil/status/1883225800536711651?s=46 i’ve written before that most crypto founders are not ready for the responsibility that comes with revenue-backed tokens: “founders must be prepared to treat their token holders like shareholders—like owners, like their bosses. if they don’t like your direction, they will team up and attempt to take you down. activist funds will come in, write a hit piece, kill your token price, buy up half your float, or look to replace you via a public campaign.” this isn’t hypothetical anymore. rainbow just showed us what that playbook looks like. if you give tokenholder rights, you must be prepared for tokenholders to act like owners. 2. on fleeting ideas, industry maturity & consolidation https://farcaster.xyz/itsbasil/0x3ab3562d this also fits into a larger arc. i’ve said before that since the experimental defi summer stage, crypto has been entering maturity: “as the market is captured, maturity is realized, fees are reduced.... innovation has slowed, competition has increased, and we’re moving toward an era of consolidation. growth will be m&a-driven. not all of us can win; there will be winners and losers. the only way to protect your token is to front-run consolidation with a locked flywheel at the network level.” rainbow’s move is a textbook consolidation play. they’re trying to fold a stagnant token into their own system to capture liquidity, users, and narrative momentum. it won’t stop here—others will follow under the guise of "an everything app," your partner becomes your enemy... the top of the funnel is a now a battleground 3. on your token as the product & your product as the token https://farcaster.xyz/itsbasil/0x12d0c60c this also validates another thesis: your token & your product are inseparable. the best marketing & business development departments are big market caps “nobody’s partnering with clanker if the token is sitting at $230k. traders and investors won’t engage with your product if the token is a ghost town. your product and token are deeply intertwined—it’s all connected.” rainbow understands this. by making a direct offer to tokenholders, they’re acknowledging that control of the token = control of the product. though, clearly, those rights aren't there yet 4. control your fate >on owning your own token & controlling your fate https://farcaster.xyz/itsbasil/0x755dc9d6 finally, this moment underscores the importance of founders owning their token & controlling their fate: “sub-$10m cap with minimal founder ownership is a strategic handcuff. you can’t raise, can’t defend, can’t negotiate. control enough supply to stay flexible—then lock it long enough to prove you’re serious.” without meaningful ownership & strategic ammo, you’re vulnerable to exactly this kind of pressure the takeaway afaik, rainbow’s open letter is the first true act of onchain activism. it sets a precedent: if founders don’t deliver value, others will come knocking—sometimes politely, but evidently, increasingly not this is why loyalty, alignment, and clear value accrual for holders matter more than ever. tokenholders aren’t just your community. they are your shareholders, your activists, your marketeers, your potential acquirers if you don’t treat them like owners, someone else will disclaimer: this is not in any way, shape or form a knock on clanker. posting only for posterity & learnings. i stand fully with clanker & i'm excited about working with them to build the future of our ecosystem

We do a little bidding on some special casts https://farcaster.xyz/itsbasil/0xbdea2728 https://farcaster.xyz/itsbasil/0x2e8dfaac

@clanker please deploy token name itsbasil and ticker name itsbasil

Good night All 💤 friends https://farcaster.xyz/itsbasil/0x503f4c6a

https://farcaster.xyz/itsbasil/0x7ba0554f

🤣 https://farcaster.xyz/itsbasil/0x7ba0554f