farcasterunion

Rewards Algo Update

We're also updating the rewards algo this week

We're no longer going to count deleted casts, reactions, recasts or replies. This means in some cases, people will see scores go down mid-week.

We're also making a few other tweaks. Change will roll out later today. 

The algo is never going to be perfect, but the goal is to reward high signal top-level content on the network—from anyone!

⌨💸  we increased the Developer Rewards weekly payout from $3 to $5k! 

algo also got a tweak with a focus on daily and transacting users and a boost for higher signal users (e.g. Farcaster Pro) that interact with your mini app instead of strictly how many interactions or transactions

https://farcaster.xyz/miniapps/rewards

'High signal' love how they use this word. Everyone want to be a high signal user, and everyone want to read high signal content. I have no Idea what it means. Casters with Pro seems to be high signal, and who knows who else. If your high on the rewards board it will be considered high signal content. I can speculate, but it's still untouchable, a container concept. Love it.

'High signal' love how they use this word. Everyone want to be a high signal user, and everyone want to read high signal content. I have no Idea what it means. Casters with Pro seems to be high signal, and who knows who else. If your high on the rewards board it will be considered high signal content. I can speculate, but it's still untouchable, a container concept. Love it.
https://farcaster.xyz/dwr.eth/0x9a3bca77
https://farcaster.xyz/deodad/0x3fb1f8e9

Interests: crypto, economics, TA & blockchain related innovations | 🔗 https://linktr.ee/cryptonjal 🔗 https://dune.com/nhejyht

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I love that so many devs are looking at it closely and trying to add more data layers. It feels like we finally have enough legos. 

Neynar scores now include mini app usage to catch folks who are interacting differently. 

Spam algo is binary now. 

Pro badge shows who has money. 

OpenRank shows network connections

@geoffgolberg is highlighting inauthentic accounts 

It feels like we should be able to Captain Planet this shit. 

I know @compez.eth has been working on this for months too. 

We don’t want to leave people out, but don’t want to reward our farmers and extractors. 

Feels so close.

It is concealing. If pro subscribers are high signal users (regardless of the spam label) then it means that it is only about turnover, there isn't any other use for them than Pro subscription payments. Mini app use by spam label 0 does not hinder the rest of Farcaster (as far as I know), so there is no reason for FC to hinder them in that. In my opinion, high signal will be anything that (in)directly maximizes profits; being on the network longer, attracting new users, making more transactions (resulting in more swabs), etc.

It’s worrisome. 

Yes, many of the folks who subscribed are super supporters of Farcaster. But many are speculating on the NFT. 

So it’s a signal, but not THE signal.