Please spread the word: there are 0 economic rewards—currently or in the future—for running a Hub.

Only run a Hub if you:
1. Find it fun
2. Find it useful for your project or your business

There's no surprise or gotcha that comes later.

All of the YouTube video tutorials are lying to you about a potential reward.

A reminder: there are 0 economic rewards for running a Hub. 

There won't be a surprise one later.

For example, this YouTube video has 7.4K views teaching people how to operate a Hub on a $50 a month VPS. If you don't actually have a use for the Hub—or aren't in it for ideological / altruistic reasons—stop wasting your money. :)

https://youtu.be/8VLHXRJ6wcQ?t=224

https://warpcast.com/dwr.eth/0xe4780508

𝔗𝔞𝔨𝔢 𝔑𝔬𝔱𝔢𝔰 ✍️
𝔗𝔞𝔨𝔢 ℭ𝔥𝔞𝔫𝔠𝔢𝔰 🎰

𝖂𝖊𝖘𝖙 𝕳𝖆𝖒 𝕱𝖆𝖒𝖎𝖌𝖑𝖎𝖆


Too many Hubs is bad. Makes network slow. 

There are more Hubs than Ethereum nodes right now. Overkill.

is this good/bad for the overall health of farcaster?

Proud Father & Husband / Passionate for Mobile Development / Senior Software Engineer @ Mercado Libre / Crypto Enthusiast / Builder @ Farcaster

Rio de Janeiro, State of Rio de Janeiro, Brazil

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.

Can you say more about why having 0 incentives is the right call? How will this approach serve the network?

lol funnily enough he says there's a risk of no airdrop

The salty comments in these casts are always the best. 😁