samuellhuber.eth on Farcaster

Samuel ツ pfp

@samuellhuber.eth

What if the incentive is a need for the product? Like really. Why incentivize people to use your product when you can just have it be so good they naturally do? hearing lots of adding quests and money for people to do xyz. Can't we just build good web3 products?

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0xbhaisaab pfp

seen way too many people mixing up incentives with network effects/viral loops. token incentives just bring farmers who'll dip the second rewards stop. literally every web3 app i actually use daily got zero token incentives. they just have superior ux.

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Rch pfp

most people in crypto are here to make money. incentive is a short term tactic to get attention and retention until you have figured out a sustainable way to make money for your users. iterating on a product is easy when you have bunch of people trying it consistently. in some ways, it isn't that different from web2. we have had ecommerce price wars, ride hailing subsidies, ridiculous discounts in food ordering and more. The problem is incentives make the PMF signal noisy. Is your product actually working or is it because someone who holds your token wants it to goes up and it is fine as long as the product works just well enough to keep the narrative going. It makes the truth hard to see.

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Brian Flynn pfp

incentives are the web3 native ad unit. paying users to use products *is* the value prop and cheaper than normal ads because of how much gas fees have dropped. it's more of a cultural problem imo but this trend has already been accelerating since 4844 was passed last yr

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Viv pfp

music to my ears, marry me

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Kieran Daniels pfp

Lmk if still good for a call today! 🙏

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Jason pfp

I don’t disagree with the premise but I think there is a time and place for well placed incentives

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Jacob pfp

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Mike | Abundance 🌟 pfp

Mike | Abundance 🌟

build products people actually want to use?! that's heresy.

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chandresh pfp

something i want to always push for, many campaigns add incentives when they don’t need it

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Dcjanio pfp

There are some interesting dune dashboards about protocol usage before and after the airdrop/incentive. For some products, airdrop is the PMF but that’s it. I saw a really cool talk on this at dunecon in Lisbon 2023.

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rphgrc.base.eth ↑ pfp

rphgrc.base.eth ↑

Incentivize in the early innings to be known When you're not known, no one follows you and wait for your good product

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Nastya pfp

To be fair, I see a lot of monetary incentives in Web2 products too, especially when they’re just getting started – like I got 100 eur from a new German bank for just a few referrals. I still see referral systems all the time in many Web2 products I use regularly. The difference in Web3 is that the numbers are bigger and probably users expect more

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Lior pfp

In core you are right - if you build something good that people want - you dont need incentive. they just get value from using it Thing is - until you get there - it's a long journey. most users will not care to use your half baked product and give you feedback to make it as good as they want to then just use it cause it's solving their problem + Ppl attention span is deteriorating by the minute. Enter rewards - you give them another reason to "forgive" you...be there, give you feedback, and TOGETHER get to that holy grail point

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Colin Charles pfp

saying the quiet part loud.

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lightcap pfp

Quests and money keep engagement high for a bit but it’s not sticky. In fact I bet the user that’s most motivated by those “features” are the most likely to drop suddenly when the next hot thing hits.

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Jogador pfp

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Steve pfp

Not until we reduce how much degeneracy eats on Maslow’s cashflows.

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max ↑ pfp

@baseddesigner.eth

Product led growth is a thing yes, but most people can't build products so good A lot easier to pay people to do what you app offers though haha

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MarginCalledG pfp

If your product needs to incentivize people with tokens or money u better have no product.

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