Varun Srinivasan pfp
Varun Srinivasan
@v
Should Farcaster add a "staking" verification system? Please reply! Users can get "verified" badge by staking $10 USDC in a contract. The stake can be reclaimed at any time, but will only release after a delay (maybe 4-8 weeks). Verified users will get the following benefits: - Badge on profile. - Access to video uploads. - Show up higher in conversations. - A small boost in the rewards program. The goal is to make it harder for spammers to verify so that good humans on Farcaster have a better experience!
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rish pfp
rish
@rish
I think there鈥檚 enough evidence to show $10 is not enough barrier - spammers spend $2-$3 per account on creating multiple spam accounts - clusters of lower quality accounts bought $120/yr pro subscription Also keeps increasing complexity for new users who aren鈥檛 spammers who now need to understand many different kinds of badges and verifications Not convinced ROI is +ve
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0xLuo pfp
0xLuo
@0xluo.eth
Agreed. Additionally, Neynar score and OpenRank might be more effective ways to filter out spam accounts than requiring a $10 stake.
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