@derek

The fee-based incentive for inviting “friends” to Farcaster just isn’t interesting to me. 1. As a user, I’m not responsible for FC’s funnel from new user to transacting user, so why would I be excited about an incentive that requires that funnel to be effective? 2. I have no idea where my friends are financially or what they want out of crypto. It’s a weird ask. 3. Fees are a loss-leader for Farcaster (see: No-Fee November), so this incentive is not even that interesting from a financial perspective. If FC means “invite friends” to Farcaster, then the incentive needs to line up. Reward me with a spot bonus if they’ve casted a number of times, or if they’ve transacted once, or if they’re retained after 7/14/30 days. Not fee-based. Work out an LTV for a retained user, and then give me a fixed rate against that. Is that $1 per user? $5? $10? If FC means “invite traders” to Farcaster, then that’s at least consistent, but the problems with the model becomes apparently: there’s a small, finite number of traders and the ones I know are already on FC. It might be a great PMF strategy, but it's not a good growth strategy.

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