Best of farcaster.xyz/itsbasil on Kiwi News
@itsbasil on Farcaster · Most upvoted by Kiwi News readers
8 stories by @itsbasil on Farcaster have been shared on Kiwi News since 7 June 2025, with 20 upvotes and 2 comments in total. The latest was shared on 28 December 2025. They are listed below, most upvoted first.
Text under a title is an AI summary of the linked article.
- @itsbasil: Base builders are leaving due to creator coin focus over infra
Builder Basil (@itsbasil) argues that base builders are leaving the network because its focus has shifted to creator coins rather than infrastructure. He says he talks to four or five builders daily and that most of those trying to build scalable products are questioning base's direction and exploring alternatives. He writes that builders want a faster chain, gas stability, sponsorships and $10k checks, and that base should build the blockchain itself. He also criticizes a planned launchpad model in which founders could sell fifty percent of their token to holders, comparing it unfavorably to the 8% listing fee that Binance was criticized for.
- @itsbasil: Base pushed Zora too aggressively, FC coins getting rekt as DAUs go
@itsbasil argues that Base pushed Zora too aggressively, integrating it without validation into the app of an $80b public company, and that the "base app" brand has since been lost barely a year in. The post says Farcaster spent over two years building against its core market, damaging its public perception, and that a token is now the only way out for both Farcaster and Base, which pushed creator coins from the top. It concludes that the long-term sustainability of TBA and Farcaster does not depend on net-new creators, and that both should have built for developers, who would do much of the work if supported.
- @itsbasil: rates untouched, SUN $100M into Trump, BTC pushing $125K, ETF records
- @itsbasil: if u require me to spam my feed for your drop, i will claim & delete
- @itsbasil: current crypto market stands against builders, not retail-friendly
- @itsbasil: Rainbow's takeover bid for $clanker marks first onchain activism
Rainbow issued an open letter to $clanker token holders offering to acquire the company in a structured all-token deal after private talks failed, a move the author describes as the first public attempt at onchain activism. The author, @itsbasil, says Rainbow effectively issued a hostile takeover bid, asking token holders to pressure clanker management into accepting. The author argues that tokenholders must be treated as owners, pointing to clanker's months of community frustration over the lack of value accrual to the token. The post also says clanker's management declined the offer, and the author states they stand with clanker while calling the move unnecessarily aggressive.
- @itsbasil: Farcaster is least toxic public forum, but future is closed networks
Basil argues that Farcaster is the least toxic public forum, but that open forums as a whole cannot sustain real signal and the future belongs to closed networks. He says hyper-financialization, AI-generated content and echo-chamber groupthink exist on X, Bluesky and Reddit at 10 times the scale, and that bots, yield-seekers and low-effort content overwhelm niche expertise. He points to small curated groups, such as 15-person group chats and 150-member private servers, which he links to Dunbar's limits on trust and says have pushed the world forward over the last 20 years.
- @itsbasil: we built a casino and now wonder why no one wants to stay
@itsbasil argues that token launches on Base follow a repeating cycle in which snipers take control within the first few blocks and tokens fall as much as 75%, and that builders should consolidate around established projects, price out snipers, and build for long-term holders. It also claims Coinbase is moving to go after the entire stack, and cites a creator coin that allegedly drew liquidity from builders as their tokens fell 25% day over day. It further says the ecosystem has spent years rewarding traders over users, while more than 100 builders who have been there since day one go overlooked.