Neynar

Celebrating the experimental launch of hubs.neynar.com

Seeing some confusion about scores. A few things to note:

1/ 

1. Scores are not evenly distributed, higher scores are increasingly difficult to get. No one would expect everyone with access to credit to have a perfect 850 credit score. Same with social scores. For developers, we recommend starting with a threshold between 0.5-0.6 and moving up/down as needed.

2. If you're building with scores, there's no need to set a super high threshold. That artificially reduces the number of users who can interact with your product. Imagine only giving loans to people with 850 credit score, pretty much no one would have access to credit.

3. Only 27k+ users have scores 0.7 or higher at this time, the protocol has 800k+ users. There's really no need to worry about a low scores unless you're actually in the bottom digits. You can see a live dashboard of the distribution here: https://bit.ly/3ZQItzH. We are working on model improvements and we expect more users to move up the score ladder.

Have to apologize in advance for bringing this up again. Boz at facebook used to talk about how "communication is the job" and I feel like the learning only gets more pronounced over time. 

Thus, PSA for all Neynar developers - *start with a low score threshold* 
unless you actually want a very small cohort of users to use your product. 

Someone with a 0.77 score contacted me yesterday and they were prevented from taking an action. As mentioned in the linked cast below, 0.7+ is top 3% of accounts on the network. It's already ~27k accounts (of 800k+ accounts) at that threshold. It's not that many users.

It might feel like your product only needs users with scores 0.9+ but that artificially restricts to ~2500 users! It's likely not what you want. Start with a low threshold and increase as needed.

If this confusion remains, we might have to change the shape of this product. Maybe next week.

Have to apologize in advance for bringing this up again. Boz at facebook used to talk about how "communication is the job" and I feel like the learning only gets more pronounced over time. 

Thus, PSA for all Neynar developers - *start with a low score threshold* 
unless you actually want a very small cohort of users to use your product. 

Someone with a 0.77 score contacted me yesterday and they were prevented from taking an action. As mentioned in the linked cast below, 0.7+ is top 3% of accounts on the network. It's already ~27k accounts (of 800k+ accounts) at that threshold. It's not that many users.

It might feel like your product only needs users with scores 0.9+ but that artificially restricts to ~2500 users! It's likely not what you want. Start with a low threshold and increase as needed.

If this confusion remains, we might have to change the shape of this product. Maybe next week.

https://boz.com/articles/communication-is-the-job 

Shipped on farcaster: @larrybot, @qdau, @frames, @framesfun, /open-frames, farcasterchannels.com, farcaster.id, @mod, @search, @discove

building farcaster infra @ /neynar 🪐 casting @ /rish

@df @stephancill @carlos imo, the score should be used as a reference for obtaining unsecured loans and other credit-based financial products. 
As a startup your goal is to get as many user onboarded as you possibly can. Even if they are robots, they still bring attention and liqudity. 
Liquidity begets Liquidity, fake it till you make it. this is how solana win over ethereum.