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humpty
@humpty.eth
I was at a social event last night with Hollywood types. They were very interested in the intersection of crypto and media. They were just as excited about Farcaster, specially as I explained how the Merkle team did a tremendous job at abstracting away the Ethereum identity layer (wallets, private keys) and financial layer (payments). But the fee to join was still too high a hurdle for them. I’ll be gifting them all accounts but @dwr.eth @v should consider removing it altogether to accelerate onboarding. Beyond being there to discourage bots (it doesn’t) I don’t think it serves a valuable enough purpose, and keeps good people away. Also, more soon about my plans for developing better crypto narratives with Hollywood.
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Matthew Fox 🌐
@matthewfox
Who's in Hollywood that is used to paying less than $5 for anything?
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humpty
@humpty.eth
That’s missing the point. No one wants to pay to use a social app. And tbf Farcaster doesn’t present a sufficiently novel experience for them to do so beyond connecting with people building in crypto.
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Matthew Fox 🌐
@matthewfox
Yeah that's why I don' think its the right time to drop the fee Because nothing you said changes without a fee Maybe power users getting free invites is a better strategy
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humpty
@humpty.eth
It doesn’t change that they’re curious and want to join. But charging a fee for logging into a social app is unfamiliar behavior. We should be making the experience more seamless and comparable to other social experiences. We shouldn’t want to exclude others; we need to increase diversity of perspective here.
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Matthew Fox 🌐
@matthewfox
For sure, but there is a hard cost associated with account creation That cost will reach close to zero but it hasn't yet, OP will likely follow Base network upgrades as they battle test them Also hubs have issues with even the current load and are still being worked on, theres fundamental problems that still need solving before the barriers should be knocked down I agree with the sentiment but think now is the wrong time, given fixed costs, existential problems an the probability that abuse will outweigh benefits, that's all
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