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David Furlong
@df
I think the Farcaster registration cost is the highest drop off stage of the funnel - most users don't have enough proof of value The highest leverage opportunity right now is figuring out how to increase the perceived value to the user before getting them to pay; other apps use the freemium model for this problem
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David Furlong
@df
Farcaster needs a similar free onboarding funnel to have a greater timeframe to convince users it's worth paying for. Without allowing for sybil or spam. Need ideas! Perhaps you could stake $7 to "light" invite a user, giving them a smaller amount of storage that expires sooner. If they spam, you get slashed.
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David Furlong
@df
@dwr.eth what do you think of this idea? perhaps they get 50 casts and 200 reactions & 3 months expiry - at the end of that period, or sooner, they get prompted to fully onboard and pay. Slashing mechanism could be rudimentary mvp for now, Warpcast doing it algorithmically
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rish
@rish
good idea. Would also be interesting to have warpcast (or another client) let users read stuff and only asks for payment when they try to write. Similar to how Instagram asks for sign in after letting the user scroll through a profile for a bit. Afaik WC mobile doesn’t do this today
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Dan Romero
@dwr.eth
It’s a good idea! Simpler model is reduce storage unit down to something smaller. Most users churn or lurk, so trial and staking less necessary. Apps would just sponsor most cheap signups with the assumption that x% convert
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payton ↑
@payton
I like this sort of free trial idea. Can you rent an FID? Probably not? I assume those would need to be disposable as soon as someone has it (even if temporary). I think renting smaller storage units would be great.
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