...I really don't think Farcaster will ever generate $150m of revenue. Is this just malinvestment or is there something more nefarious going on?
Discussion
VC "spray & pray" AKA stochastic malinvestment
Based on what I can tell from Farcaster, their hearts are roughly in the right place but they fail in their adversarial thinking. A common problem among shitcoiners. The good news is, when they're working on THEIR project, they're NOT working on OURS.