Now that we’re shipping text overlays very soon (as soon as the app gets approved and in beta already), you should start using them instead of captions in most cases. They are significantly easier to read and look better when your byte is shared. You can add as many text overlays as you’d like and can also adjust their timing/duration by tapping on them and dragging the handle bars.
In comparison, captions are extremely difficult to read and often force you to look at a tiny corner of the post in order to get the context. In a future version we will hide or truncate most captions across the app, so now is a good time to start using text. Captions are fine for miscellaneous details, even more context, mentions, hashtags, etc. But text is better for the main stuff.
You all are the early adopters and new people to the app will emulate what you do, so let’s start changing this behavior together.
P.S. Yes, we are working on more text options!