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greg
@gregfromstl
I love the fact that people are earning meaningful amounts of money on here, but the argument that FC is better because “I earn much less on X for doing much more” is nonsense. The money comes from somewhere, and Farcaster’s funding will run out eventually. They’re subsidizing growth hoping users won’t need a cash incentive to join once the network hits escape velocity. Its a tried and true playbook but shouldn’t be conflated with the platform somehow being superior to X. Its a temporary feature. (P2P tipping is very different and IMO a much more interesting feature)
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Raynaa
@raynaa
X also has a monetization process so I dont think Farcaster will stop rewards program
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greg
@gregfromstl
Won’t be sustainable to give rewards at the current rate. X gives lower rewards for a reason. The LTV for a user is well below what Farcaster is currently paying people
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Raynaa
@raynaa
X doesn't need to give rewards but still does, the primary reason is this increases tweeting more. That is the exact reason I am sure FC has given to its investors justifying. Besides rewards, I don't think the engagement will increase here. The mini apps are a great addition and those apps too have started rewards. Without incentive, no one will invest their time in an app that doesn't give them a dopamine boost. Ofcourse Instagram is different and not everyone can be that, not even Facebook can
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