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Dan Romero
@dwr.eth
On Hubs 1. We've said from the beginning, people will run Hubs without direct economic incentives. This has proven correct. 10K+ Hubs on the network. 2. This number is artificially high as there are likely many Hub operators hoping for a future economic reward. There will not be a reward. 3. Rewards don't make sense as there's no good way to prove that a Hub was honest and performant for a long period of time. Any deterministic system tied to an economic reward would create an incentive for fraud to fake running a Hub to get paid. 3. This is why Bitcoin and Ethereum do not pay node operators. Economic rewards are independent from running a node. Coinbase ran BTC / ETH nodes for years (pre-staking). 4. Our original goal was get to ~100 independent, good Hubs. Given network size, activity, number of companies building on Farcaster, seems like that number is achievable between 1) companies with an economic interest in access to the network and 2) altruistic individuals for hobbyist or ideological reasons.
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nyc-crypto-cabal-kid
@zinger
Question: what do storage fees go towards?
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vrypan |--o--|
@vrypan.eth
What’s interesting is there’s no way (at least now?) to run a parasitic hub. If you need to run one, it also contributes to the network.
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max ⚡
@maxp.eth
why do you collect the fid of the hub operator, as part of the setup process?
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tldr (tim reilly)
@tldr
Makes a lot of sense, thanks for breaking it down.
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meta-david🎩 | Building Scoop3
@metadavid
Very reasonable 👍
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ruz.eth 🍄
@ruz.eth
Where can I find info on running a hub?
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Aleksander
@collectorast
we'll listen to you when the departed bring down the net 😁
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Masser
@massereffect
Good comparison to ETH/BTC nodes. "Sybuilders" running hubs are used to pay for cloud services, the moment you experiment with additional cost on top I expect significant amount of them switching their servers to host something else.
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Ox.crypto
@ox-crypto.eth
No rewards https://warpcast.com/ox-crypto/0x0d522755
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