rommy
@fingerguns.eth
A solution for significantly reducing bot accounts is charging every account a nominal amount to be on a platform ($5 say). A bot farm will not spend the money to have their thousands of accounts post on that platform. Does this hold water or am I missing something here?
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jtgi
@jtgi
That’s how it worked all last year. It still isn’t free today. You paid about $5 for storage when you sign up, if you didn’t it’s because the person who invited you paid for you. It works but isn’t sufficient because farcaster accounts are valuable. 100k accounts were minted during the degen boom last feb cause the value easily exceeded the sign up fee.
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rommy
@fingerguns.eth
Wow. I don’t remember paying I guess! Because I def wasn’t invited. That being said, I’m still trying to understand the “value” that these bot accounts are gleaning from Farcaster. All I see are AI-generated blurbs about crypto in every cast… https://warpcast.com/r4zor7
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jtgi
@jtgi
There may have been a promo for people with USA phone numbers. I can't quite remember, but its paid. Example from last year with degen: degen gave any farcaster account a tipping allocation. They'd create accounts and tip each other. Otherwise, there have been many airdrops for people who participated in channels or clicked frames. Sometimes doing some action requires a certain amount of social capital or anti-spam score and so they're seasoning accounts to coordinate behavior in the future.
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rommy
@fingerguns.eth
Ah so they created an ecosystem ripe for bots to farm for tips. Wild! I’ve learned so much today.
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jtgi
@jtgi
As long as farcaster has its cultural roots in consumer crypto I think it will be the most farmed network of all time. All the data is open, completely programmable (you can even sign up programmatically) and in many cases you can precompute the value of doing so because of how open crypto is on the other side. [doesn't mean this will show up in clients like warpcast, but the network will def be farmed which is why we've seen a bunch of reputation scores pop up last year]
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rommy
@fingerguns.eth
So many lessons here: - building a platform grounded in crypto with monetary rewards creates value worth exploiting - having a low barrier to creation and ongoing usage mean programmable exploitations will create an easily farmable, spammy ecosystem - folks may stick around because high follower and reputation counts (not to diminish the strong community here in spite of this)
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jtgi
@jtgi
I think thats always one of the trade offs for an open protocol, email the cleanest analogy. But good clients and ecosystem partners like neynar, openrank round it all out. The before after of Warpcast this time last year is night and day, I see spam posts very rarely now.
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