rish on Farcaster

Varun Srinivasan pfp

Varun Srinivasan

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

I think there’s 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’t spammers who now need to understand many different kinds of badges and verifications Not convinced ROI is +ve

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links 🏴 pfp

Agree. Dealt with these types in DAOs and it’s the same issue. One-time $10 for potential $20/wk in rewards is worth it.

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0xLuo pfp

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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Corbin Page pfp

Strongly agree here. Not enough of a barrier and too much complexity for new users. @v @dwr.eth Coordinated Farmers are ruthlessly economically rational. Many paid the Pro sub bc they think ROI is bigger than $120/yr. This staking amount wouldn’t deter them at all. *Maybe* if there’s slashing for certain behavior but that would be difficult to get right.

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zoo pfp

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Adam pfp

The never ending cat and mouse games continue. I understand the need to do something, but this raises more questions than it will answer https://farcaster.xyz/zoo/0x055e542a

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rphgrc.base.eth ↑🔵😺 pfp

rphgrc.base.eth ↑🔵😺

Farcaster shouldn't become more and more expensive just to prevent bots from joining.

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Leeward Bound pfp

the protocol is far too cheap to spam, it's an existential flaw fc gets lumped in with "web3 social" and snapchain is p2p but there's no crypto-economic relationship between the node operators and the clients, it's not a blockchain without that component, and moreover imho it's not a sustainable model at scale there's very little cost or penalty for bad behavior, everything hinges on a centralized spam rating that can and will be gamed, and spam actors will grow exponentially in both number and sophistication while merkle's anti-spam efforts will only ever grow linearly $10 staking isn't enough, and the only correct answer to the pricing question is "what is the EV of spamming the network" - currently it appears to be quite good shy of a $50+ annual fee, i think there's a number of viable approaches here but none without drawbacks - eg worldcoin verification, or protocol level reputation mechanisms i think DNS+SMTP have a lot of history and lessons learned that i suspect we could borrow from

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marbleheart pfp

it’s really hard for new users to prove they’re real. I felt the same way before I got some followers. it just feels sad to be met with silence every time “cause I look like a bot”.

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BrightFutureGuy 🎩↑ pfp

BrightFutureGuy 🎩↑

+1 on too complicated already with badges, even I lose track

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ciniz pfp

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photon pfp

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Sapasenpai pfp

It’s not enough barrier, but I think it’ll slow it down a bit

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jane 🤍 pfp

How do spammers buy accounts 2 times cheaper if as I know Farcaster charges 4-5$?

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jasonmeinzer.eth 🎩↑ pfp

jasonmeinzer.eth 🎩↑

Really sharp points, my gut reaction was $10 wouldn’t hit the mark but 100% in support of ANY iterative experiments on this with staking mechanics and believe ROI would be validated real quick.

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iStΞvΞ 🎩 pfp

I totally agree.

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noice pfp

https://app.noice.so/?castHash=0x6c323a759178f6cdb62d95b6c1b8b79163aadd89

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@rish, you just received 110 claps from ＠patrion on this content! Want to join the fun? Explore content, swipe right to clap, and earn $HUNT based on your own clapping activity. Your daily clap allowance: 100 👏 Install the Clap Mini App to get +50 free daily allowance 👇

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