<p>注意：最近，Farcaster，一家领先的 Web3 社交网络平台，曾获得知名加密风险投资公司如 a16z 和 Paradigm 的投资，被 Farcaster 客户 Neynar 收购，再次引发了关于 Web3 社交网络领域的辩论，并对 Farcaster 本身提出质疑。</p>
<p>Injective 的联合创始人 Mirza 指责 Farcaster 是一个加密骗局，声称 Farcaster 的联合创始人 Dan Romero 在 Farcaster 的融资轮中欺诈投资者 1.5 亿美元，并据称套现超过 4000 万美元。</p>
<h2>首先让我们看看 Injective 联合创始人的指控</h2>
<p>在这篇文章中，我们将了解丹·罗梅罗。</p>
<p>他是 Farcaster 的联合创始人之一，涉嫌欺诈投资者 1.5 亿美元，并据报道套现超过 4000 万美元，购买了多处豪华地产，几年后却几乎以无价出售公司。</p>
<p>这是一场充满无尽贪婪、裙带关系和市场操控的骗局，其策划者表现得如此厚颜无耻。以下是他如何在没有面临任何法律后果的情况下，策划了加密世界最大的一次抢劫：丹的故事始于杜克大学，他与后来成为 Coinbase 联合创始人的弗雷德·厄沙姆是室友和密友。这段关系后来成为他职业生涯中最重要的支柱之一。毕业后，丹在贝恩公司工作，随后于 2014 年加入 Coinbase，成为早期员工。他在那工作了五年，随着公司估值飙升至天文数字，晋升为副总裁。2019 年，在获得所有股权后，丹悄然离开 Coinbase。时机恰到好处。凭借银行存款和令人印象深刻的简历，丹将目光投向了下一个目标：去中心化社交网络。2020 年，去中心化社交网络正处于炒作的早期阶段。像 BitClout 这样的项目引起了轰动，尽管存在明显缺陷，但短暂地超过了数十亿美元的市值。2021 年，Clubhouse 的爆炸性增长助长了 “社交网络是下一个伟大的风险投资前沿” 的想法。风险投资家们公开称其为新的 Facebook。丹与当时 Coinbase 的工程高级主管瓦伦·斯里尼瓦桑合作，推出了一个测试项目，后来成为丹的 “杰作”——Farcaster。然而，丹从一开始就是一个精明的战略家。他理解一个关键点：推出真正的产品会暴露出低使用率，抑制估值增长。因此，他没有优化用户体验，而是专注于筹款。产品定义仍然模糊，但故事却越来越宏大。2022 年，尽管 Farcaster 的实际使用率微乎其微，丹成功说服 A16Z Crypto 领导了一轮大规模的种子融资。凭借 Coinbase 的背景和 A16Z 的品牌背书，这个欺诈机器正式上线。加密创始人和硅谷意见领袖们开始到处谈论 Farcaster。它被描述为不可避免的趋势、革命性的突破、改变世界的产品。丹本人似乎像是耶稣转世。毕竟，每一次采访、每一个播客、每本杂志似乎都在宣扬它。这几乎是一个自我实现的预言。几乎。因为在所有媒体炒作的背后，隐藏着一个令人不安的真相。真正的产品仍在缓慢进展，尚未成熟，且没有真正的增长轨迹；尽管有顶级风险投资的支持，Farcaster 的活跃用户群似乎微不足道。岁月流逝，产品进展微乎其微，仅靠叙事维持。因此，他改变了故事的框架。用户数量不再重要，因为每个用户在其生命周期内可能具有无限的价值。这就是风险投资家们被告知如何评估 Farcaster——不是基于任何实际证据，而是基于无限未来潜力的幻觉。“这只是测试版，” 他声称。“代币即将推出。这将是新的 Facebook。它将永远改变世界。” 他反复引用 BitClout 短暂数十亿美元估值的例子，以证明在这个阶段逻辑一致性并不是必要的。当然，谁能忘记 Clubhouse 和 FriendTech 的崛起？丹频繁出现在播客和采访中，描绘自己为一个有远见的建设者。实际上，他不过是一个骗子。然后，真正的行动开始了。丹将目光投向 Paradigm——巧合的是，这家公司由他的大学室友弗雷德·厄沙姆领导，是全球最有影响力的加密风险投资公司之一。2024 年，丹完成了不可能的任务，说服 Paradigm 领导了一轮 1.5 亿美元的融资，将 Farcaster 的估值推高至约 25 亿美元。当时，Farcaster 的日活跃用户峰值仅约 8 万。通常，消费类初创公司在这种数据下甚至难以获得 A 轮融资，但丹却创造了奇迹。他似乎拥有超人的能力，像是加密世界的耶稣。这轮融资包括大量的二级流动性。传言丹个人立即套现了 1500 万美元。为什么不呢？他正在建立一家价值数千亿美元的公司；在他的宏伟愿景中，这 1500 万美元在他多年后为风险投资家创造真正价值时将微不足道。丹确实 “实现” 了他的价值。在融资后不久，丹实际上离开了公司。他将更多精力投入到一个新爱好中：在世界上最昂贵的城市购买豪宅和地产。这些住宅中的许多在《建筑文摘》和《艾尔装饰》杂志上都有 featured。风险投资因此转变为生活方式的炫耀资本。丹成为封面故事的主角，一个天才，一个在世人眼中从未犯错的完美人。丹陶醉于媒体的聚光灯下。他搬到了洛杉矶——毕竟，他现在是名人，理应住在 A-list 明星旁边。持续的媒体报道庆祝丹的创业成功，同时也对他的妻子朱莉亚·德瓦尔给予了大量关注。朱莉亚经营着自己的风险投资支持的初创公司 Antares，声称正在建设微型核反应堆。这家公司也从天真的风险投资家那里筹集了数亿美元。她雄心勃勃，是媒体高手，也是自我营销的能手。这对夫妇被描绘成完美的搭档：两个创始人，两个有远见的人，两个讲故事的高手。后来，Antares reportedly 被证券交易委员会调查，因可能向投资者做出虚假陈述。公共文件显示，故意做出虚假陈述构成联邦犯罪。也许欺诈确实在这个家庭的基因中。到 2025 年，丹知道游戏即将结束。他已经从这家现在空壳的公司榨取了所有能榨取的东西。2026 年初，秘密终于揭晓：丹和沃伦宣布退休，Farcaster 将被 Neynar 收购。讽刺的是，Neynar 的总融资仅相当于丹个人从 Farcaster 套现的金额。尽管以收购的名义，Farcaster 几乎濒临崩溃。增长停滞，收入为零，甚至已经缓慢的用户群也消失了。去中心化社交网络的炒作周期已经完全结束。但丹最终是一个营销大师。直接关闭将太过尴尬，而收购则既能维护他的个人声誉，又能延续他的神秘光环，同时保持硅谷成功的叙事。因此，他优雅地退出，简历完好无损，毫发无损。故事还没有结束。在接下来的几年里，丹可能会策划一个新的骗局。凭借他的背景和似乎取之不尽的风险投资，他怎么可能放弃？风险投资家们最看重的是那些获得 A16Z 和 Paradigm 背书的创始人，他们成功完成了收购。也许他会将注意力转向人工智能。为什么不呢？热钱流向哪里，丹就去哪里——不是为了创造价值，而是为了提取利润。这纯粹是一个关于裙带关系、叙事操控、估值工程和零成本剥削的故事。丹的传奇远未结束。但也许我们最终会揭露这些骗局，拯救行业免受负面报道的侵害。因为关于加密骗局和追逐利润的故事令人厌倦。也许是时候改变了。</p>
<h2>反驳与否认</h2>
<p>Dan Romero 的直接回应：</p>
<p>Dan Romero 公开否认了欺诈指控，表示他的房产购买资金完全来自 Coinbase 2021 年首次公开募股的收益（他在 Coinbase 工作了大约 12 年，是早期员工和高管），而不是来自 Farcaster 的收益。他强调，Farcaster 避免发行代币，这可能导致更糟糕的后果，例如加密货币领域常见的 “失控” 事件。</p>
<p>行业内部人士的辩护：</p>
<p>包括前 Farcaster 团队成员 Linda Xie、记者 Laura Shin 和开发者 foobar 在内的几位知名人士称该文章 “恶意”，充满不准确之处，并忽视了构建去中心化社交网络的挑战。他们强调，Farcaster 的伦理闭环方法（例如，不发行无用代币、简化运营和构建真正的技术）与许多加密货币失败相比是值得尊敬的。</p>
<p>对该文章的批评者认为，它将商业失败与欺诈混为一谈，指出像 a16z 这样的经验丰富的风险投资公司非常清楚风险。关于收购的更广泛讨论：Farcaster 转让给 Neynar（其生态系统内的客户构建者）引发了争论，有人认为这是一个在产品市场契合度挣扎的项目的自然过渡，而其他人则质疑这是否是一次 “高估的套现”（其在 2024 年的最终估值约为 10 亿美元，但 2025 年第四季度的收入仅约为 184 万美元，同比下降 85%）。然而，报告显示投资者获得了一些回报，而不是失去一切。</p>

<p>Farcaster，一个 Web3 社交网络平台，在被 Neynar 收购后面临被指控为加密骗局的指控。Injective 的联合创始人 Mirza 指控联合创始人 Dan Romero 欺诈投资者 1.5 亿美元，并套现超过 4000 万美元。尽管获得了 a16z 和 Paradigm 等主要风险投资公司的支持，Farcaster 的实际用户增长却微乎其微，这引发了对其估值和商业行为的担忧。Romero 在 Coinbase 的过往经历以及他的融资策略受到审查，导致人们对加密行业中的市场操纵和贪婪提出了指控</p>

<p>Note: Recently, Farcaster, a leading Web3 social networking platform that had received investment from well-known crypto VCs such as a16z and Paradigm, was acquired by Farcaster client Neynar, once again sparking debate about the Web3 social networking sector and questioning Farcaster itself.</p>
<div class="lb-trans"><p>注意：最近，Farcaster，一家领先的 Web3 社交网络平台，曾获得知名加密风险投资公司如 a16z 和 Paradigm 的投资，被 Farcaster 客户 Neynar 收购，再次引发了关于 Web3 社交网络领域的辩论，并对 Farcaster 本身提出质疑。</p>
</div><p>Injective co-founder Mirza accused Farcaster of being a crypto scam, alleging that Farcaster co-founder Dan Romero defrauded investors of $150 million in Farcaster's funding rounds and reportedly cashed out over $40 million.</p>
<div class="lb-trans"><p>Injective 的联合创始人 Mirza 指责 Farcaster 是一个加密骗局，声称 Farcaster 的联合创始人 Dan Romero 在 Farcaster 的融资轮中欺诈投资者 1.5 亿美元，并据称套现超过 4000 万美元。</p>
</div><h2>Let's first look at the accusations from the Injective co-founder</h2>
<div class="lb-trans"><h2>首先让我们看看 Injective 联合创始人的指控</h2>
</div><blockquote>
<p>In this article, we will learn about Dan Romero.</p>
<p>He is one of the co-founders of Farcaster, who allegedly defrauded investors of $150 million and reportedly cashed out over $40 million, purchasing multiple luxury estates, only to sell the company for almost nothing a few years later.</p>
<p>This was a scam rife with boundless greed, cronyism, and market manipulation, and its mastermind acted with such blatant audacity. Here's how he orchestrated one of the biggest heists in the crypto world without facing any legal repercussions: Dan's story begins at Duke University, where he was roommates and close friends with Fred Ehrsam, who would later become a co-founder of Coinbase. This relationship later became one of the most important pillars of his career. After graduation, Dan worked at Bain &amp; Company before joining Coinbase in 2014 as an early employee. He worked there for five years, rising to the rank of vice president as the company's valuation soared to astronomical figures. In 2019, shortly after acquiring all his equity, Dan quietly left Coinbase. The timing was perfect. With bank savings and an impressive resume, Dan set his sights on his next target: decentralized social networking. In 2020, decentralized social networking was in its early stages of hype. Projects like BitClout made headlines, briefly surpassing billions of dollars in market capitalization despite glaring flaws. In 2021, Clubhouse's explosive growth fueled the idea that &#34;social networks are the next great venture capital frontier.&#34; Venture capitalists openly called it the new Facebook. Dan partnered with Varun Srinivasan, then Senior Head of Engineering at Coinbase, to launch a beta project that later became Dan's &#34;masterpiece&#34;—Farcaster. However, Dan was a shrewd strategist from the start. He understood a crucial point: launching a real product would expose low usage and stifle valuation growth. Therefore, instead of optimizing the user experience, he focused on fundraising. The product definition remained vague, but the story grew increasingly grandiose. In 2022, despite Farcaster's negligible actual usage, Dan successfully persuaded A16Z Crypto to lead a large seed round of funding. With its Coinbase pedigree and the brand endorsement of A16Z, this fraudulent machine officially went live. Crypto founders and Silicon Valley opinion leaders began talking about Farcaster everywhere. It was described as an inevitable trend, a revolutionary breakthrough, a world-changing product. Dan himself seemed like Jesus reincarnated. After all, every interview, every podcast, every magazine seemed to be proclaiming it. It was almost a self-fulfilling prophecy. Almost. Because behind all the media hype lay a disturbing truth. The real product was still progressing slowly, immature, and showing no real growth trajectory; despite top-tier venture capital backing, Farcaster's active user base seemed negligible. Years passed, and product progress was minimal, sustained only by the narrative. So he changed the framework of the story. User numbers no longer mattered, because each user could potentially have infinite value over their lifetime. This is how venture capitalists were told to evaluate Farcaster—not based on any actual evidence, but on the illusion of unlimited future potential. &#34;This is just the beta version,&#34; he claimed. &#34;The token is coming soon. This will be the new Facebook. It will change the world forever.&#34; He repeatedly cited the example of BitClout's brief multi-billion dollar valuation to prove that logical consistency wasn't necessary at this stage. Of course, who can forget the rise of Clubhouse and FriendTech? Dan frequently appeared on podcasts and in interviews, portraying himself as a visionary builder. In reality, he was nothing more than a con artist. Then, the real action began. Dan set his sights on Paradigm—coincidentally, the company, headed by his college roommate Fred Ehsam, was one of the world's most influential crypto venture capital firms. In 2024, Dan accomplished the impossible, persuading Paradigm to lead a $150 million funding round, pushing Farcaster's valuation to approximately $2.5 billion. At the time, Farcaster reportedly had a peak of only about 80,000 daily active users. Typically, consumer startups struggle to even secure Series A funding with this kind of data, but Dan pulled off a miracle. He seemed to have superhuman abilities, like a Jesus in the crypto world. This funding round included a massive amount of secondary liquidity. It's rumored that Dan personally cashed out $15 million immediately. Why couldn't he? He was building a company worth hundreds of billions of dollars; in his grand vision, this $15 million would be insignificant when he created real value for venture capitalists years later. And Dan indeed &#34;realized&#34; his value. Shortly after the funding, Dan effectively left the company. He devoted more energy to a new hobby: purchasing mansions and estates in the world's most expensive cities. Many of these residences were featured in Architectural Digest and Elle Decoration magazines. Venture capital was thus transformed into lifestyle flaunting capital. Dan became the protagonist of cover stories, a prodigy, a perfect man who never made mistakes in the eyes of the world. Dan reveled in the media spotlight. He moved to Los Angeles—after all, he was now a celebrity and deserved to live next to A-list stars. The constant media coverage celebrated Dan's entrepreneurial success while also lavishing attention on his wife, Julia DeWhal. Julia ran her own venture-backed startup, Antares, which claimed to be building miniature nuclear reactors. This company had also raised hundreds of millions of dollars from naive venture capitalists. She was ambitious, a media whiz, and a master of self-marketing. The couple was portrayed as a perfect match: two founders, two visionaries, two master storytellers. Later, Antares was reportedly investigated by the Securities and Exchange Commission for potentially making false statements to investors. Public documents indicated that intentionally making false statements constituted a federal criminal offense. Perhaps fraud was indeed in the family's DNA. By 2025, Dan knew the game was coming to an end. He had squeezed everything he could from the now-empty shell of a company. In early 2026, the secret was finally revealed: Dan and Warren announced their retirement, and Farcaster would be acquired by Neynar. Ironically, Neynar's total funding was only equivalent to the amount Dan personally cashed out from Farcaster. Despite the acquisition guise, Farcaster was practically on the verge of collapse. Growth had stagnated, revenue remained at zero, and even its already sluggish user base had vanished. The hype cycle of decentralized social networking had completely ended. But Dan was ultimately a marketing mastermind. A direct shutdown would have been too embarrassing, while an acquisition would both preserve his personal reputation and perpetuate his mythical aura, while maintaining the Silicon Valley success narrative. So he gracefully exited, his resume intact, and left unscathed. The story is not over yet. In the coming years, Dan is likely to orchestrate a new scam. With his background and seemingly inexhaustible venture capital, how could he possibly give up? Venture capitalists are most drawn to founders with endorsements from A16Z and Paradigm, who have successfully completed acquisitions. Perhaps he'll shift his focus to artificial intelligence. Why not? Where hot money flows, that's where Dan goes—not to create value, but to extract profit. This is purely a story of nepotism, narrative manipulation, valuation engineering, and zero-cost exploitation. Dan's legend is far from over. But perhaps we will eventually expose these scams, saving the industry from being tarnished by negative reporting. Because stories of crypto scams and profit-seeking are tiresome. Perhaps it's time for a change.</p>
</blockquote>
<div class="lb-trans"><p>在这篇文章中，我们将了解丹·罗梅罗。</p>
<p>他是 Farcaster 的联合创始人之一，涉嫌欺诈投资者 1.5 亿美元，并据报道套现超过 4000 万美元，购买了多处豪华地产，几年后却几乎以无价出售公司。</p>
<p>这是一场充满无尽贪婪、裙带关系和市场操控的骗局，其策划者表现得如此厚颜无耻。以下是他如何在没有面临任何法律后果的情况下，策划了加密世界最大的一次抢劫：丹的故事始于杜克大学，他与后来成为 Coinbase 联合创始人的弗雷德·厄沙姆是室友和密友。这段关系后来成为他职业生涯中最重要的支柱之一。毕业后，丹在贝恩公司工作，随后于 2014 年加入 Coinbase，成为早期员工。他在那工作了五年，随着公司估值飙升至天文数字，晋升为副总裁。2019 年，在获得所有股权后，丹悄然离开 Coinbase。时机恰到好处。凭借银行存款和令人印象深刻的简历，丹将目光投向了下一个目标：去中心化社交网络。2020 年，去中心化社交网络正处于炒作的早期阶段。像 BitClout 这样的项目引起了轰动，尽管存在明显缺陷，但短暂地超过了数十亿美元的市值。2021 年，Clubhouse 的爆炸性增长助长了 “社交网络是下一个伟大的风险投资前沿” 的想法。风险投资家们公开称其为新的 Facebook。丹与当时 Coinbase 的工程高级主管瓦伦·斯里尼瓦桑合作，推出了一个测试项目，后来成为丹的 “杰作”——Farcaster。然而，丹从一开始就是一个精明的战略家。他理解一个关键点：推出真正的产品会暴露出低使用率，抑制估值增长。因此，他没有优化用户体验，而是专注于筹款。产品定义仍然模糊，但故事却越来越宏大。2022 年，尽管 Farcaster 的实际使用率微乎其微，丹成功说服 A16Z Crypto 领导了一轮大规模的种子融资。凭借 Coinbase 的背景和 A16Z 的品牌背书，这个欺诈机器正式上线。加密创始人和硅谷意见领袖们开始到处谈论 Farcaster。它被描述为不可避免的趋势、革命性的突破、改变世界的产品。丹本人似乎像是耶稣转世。毕竟，每一次采访、每一个播客、每本杂志似乎都在宣扬它。这几乎是一个自我实现的预言。几乎。因为在所有媒体炒作的背后，隐藏着一个令人不安的真相。真正的产品仍在缓慢进展，尚未成熟，且没有真正的增长轨迹；尽管有顶级风险投资的支持，Farcaster 的活跃用户群似乎微不足道。岁月流逝，产品进展微乎其微，仅靠叙事维持。因此，他改变了故事的框架。用户数量不再重要，因为每个用户在其生命周期内可能具有无限的价值。这就是风险投资家们被告知如何评估 Farcaster——不是基于任何实际证据，而是基于无限未来潜力的幻觉。“这只是测试版，” 他声称。“代币即将推出。这将是新的 Facebook。它将永远改变世界。” 他反复引用 BitClout 短暂数十亿美元估值的例子，以证明在这个阶段逻辑一致性并不是必要的。当然，谁能忘记 Clubhouse 和 FriendTech 的崛起？丹频繁出现在播客和采访中，描绘自己为一个有远见的建设者。实际上，他不过是一个骗子。然后，真正的行动开始了。丹将目光投向 Paradigm——巧合的是，这家公司由他的大学室友弗雷德·厄沙姆领导，是全球最有影响力的加密风险投资公司之一。2024 年，丹完成了不可能的任务，说服 Paradigm 领导了一轮 1.5 亿美元的融资，将 Farcaster 的估值推高至约 25 亿美元。当时，Farcaster 的日活跃用户峰值仅约 8 万。通常，消费类初创公司在这种数据下甚至难以获得 A 轮融资，但丹却创造了奇迹。他似乎拥有超人的能力，像是加密世界的耶稣。这轮融资包括大量的二级流动性。传言丹个人立即套现了 1500 万美元。为什么不呢？他正在建立一家价值数千亿美元的公司；在他的宏伟愿景中，这 1500 万美元在他多年后为风险投资家创造真正价值时将微不足道。丹确实 “实现” 了他的价值。在融资后不久，丹实际上离开了公司。他将更多精力投入到一个新爱好中：在世界上最昂贵的城市购买豪宅和地产。这些住宅中的许多在《建筑文摘》和《艾尔装饰》杂志上都有 featured。风险投资因此转变为生活方式的炫耀资本。丹成为封面故事的主角，一个天才，一个在世人眼中从未犯错的完美人。丹陶醉于媒体的聚光灯下。他搬到了洛杉矶——毕竟，他现在是名人，理应住在 A-list 明星旁边。持续的媒体报道庆祝丹的创业成功，同时也对他的妻子朱莉亚·德瓦尔给予了大量关注。朱莉亚经营着自己的风险投资支持的初创公司 Antares，声称正在建设微型核反应堆。这家公司也从天真的风险投资家那里筹集了数亿美元。她雄心勃勃，是媒体高手，也是自我营销的能手。这对夫妇被描绘成完美的搭档：两个创始人，两个有远见的人，两个讲故事的高手。后来，Antares reportedly 被证券交易委员会调查，因可能向投资者做出虚假陈述。公共文件显示，故意做出虚假陈述构成联邦犯罪。也许欺诈确实在这个家庭的基因中。到 2025 年，丹知道游戏即将结束。他已经从这家现在空壳的公司榨取了所有能榨取的东西。2026 年初，秘密终于揭晓：丹和沃伦宣布退休，Farcaster 将被 Neynar 收购。讽刺的是，Neynar 的总融资仅相当于丹个人从 Farcaster 套现的金额。尽管以收购的名义，Farcaster 几乎濒临崩溃。增长停滞，收入为零，甚至已经缓慢的用户群也消失了。去中心化社交网络的炒作周期已经完全结束。但丹最终是一个营销大师。直接关闭将太过尴尬，而收购则既能维护他的个人声誉，又能延续他的神秘光环，同时保持硅谷成功的叙事。因此，他优雅地退出，简历完好无损，毫发无损。故事还没有结束。在接下来的几年里，丹可能会策划一个新的骗局。凭借他的背景和似乎取之不尽的风险投资，他怎么可能放弃？风险投资家们最看重的是那些获得 A16Z 和 Paradigm 背书的创始人，他们成功完成了收购。也许他会将注意力转向人工智能。为什么不呢？热钱流向哪里，丹就去哪里——不是为了创造价值，而是为了提取利润。这纯粹是一个关于裙带关系、叙事操控、估值工程和零成本剥削的故事。丹的传奇远未结束。但也许我们最终会揭露这些骗局，拯救行业免受负面报道的侵害。因为关于加密骗局和追逐利润的故事令人厌倦。也许是时候改变了。</p>
</div><h2>Rebuttal and Denial</h2>
<div class="lb-trans"><h2>反驳与否认</h2>
</div><p>Dan Romero's Direct Response:</p>
<div class="lb-trans"><p>Dan Romero 的直接回应：</p>
</div><p>Dan Romero publicly denied the fraud allegations, stating that his property purchase funds came entirely from proceeds of Coinbase's 2021 IPO (he was an early employee and executive at Coinbase for approximately 12 years), not from Farcaster's proceeds. He emphasized that Farcaster avoided issuing tokens, which could have led to worse consequences, such as the &#34;runaway&#34; incidents common in the cryptocurrency space.</p>
<div class="lb-trans"><p>Dan Romero 公开否认了欺诈指控，表示他的房产购买资金完全来自 Coinbase 2021 年首次公开募股的收益（他在 Coinbase 工作了大约 12 年，是早期员工和高管），而不是来自 Farcaster 的收益。他强调，Farcaster 避免发行代币，这可能导致更糟糕的后果，例如加密货币领域常见的 “失控” 事件。</p>
</div><p>Defense from Industry Insiders:</p>
<div class="lb-trans"><p>行业内部人士的辩护：</p>
</div><p>Several prominent figures, including former Farcaster team member Linda Xie, journalist Laura Shin, and developer foobar, called the article &#34;malicious,&#34; full of inaccuracies, and ignoring the challenges of building a decentralized social network. They stressed that Farcaster's ethically closed approach (e.g., not issuing useless tokens, streamlined operations, and building genuine technology) is respectable compared to many cryptocurrency failures.</p>
<div class="lb-trans"><p>包括前 Farcaster 团队成员 Linda Xie、记者 Laura Shin 和开发者 foobar 在内的几位知名人士称该文章 “恶意”，充满不准确之处，并忽视了构建去中心化社交网络的挑战。他们强调，Farcaster 的伦理闭环方法（例如，不发行无用代币、简化运营和构建真正的技术）与许多加密货币失败相比是值得尊敬的。</p>
</div><p>Critics of the article argue that it conflates business failure with fraud, pointing out that experienced venture capital firms like a16z are well aware of the risks. A broader discussion of the acquisition: The transfer of Farcaster to Neynar (a customer builder within its ecosystem) sparked debate, with some arguing it was a natural transition for a project struggling with product-market fit, while others questioned whether it was an &#34;overvalued cash-out&#34; (its final valuation in 2024 was approximately $1 billion, but Q4 2025 revenue was only about $1.84 million, a year-over-year decline of 85%). However, reports indicate that investors received some returns, rather than losing everything.</p>
<div class="lb-trans"><p>对该文章的批评者认为，它将商业失败与欺诈混为一谈，指出像 a16z 这样的经验丰富的风险投资公司非常清楚风险。关于收购的更广泛讨论：Farcaster 转让给 Neynar（其生态系统内的客户构建者）引发了争论，有人认为这是一个在产品市场契合度挣扎的项目的自然过渡，而其他人则质疑这是否是一次 “高估的套现”（其在 2024 年的最终估值约为 10 亿美元，但 2025 年第四季度的收入仅约为 184 万美元，同比下降 85%）。然而，报告显示投资者获得了一些回报，而不是失去一切。</p>
</div>

Farcaster 是一个加密骗局吗？