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?
1 reply
0 recast
0 reaction
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.
2 replies
0 recast
1 reaction
rommy
@fingerguns.eth
This also means that Farcaster is losing tons of storage capacity on trash casts, even if they are getting paid for it. I guess Warpcast’s decision will put a big dent in the value prop.
1 reply
0 recast
0 reaction
jtgi
@jtgi
It's fixed storage, when you fill it each new cast deletes an old one. But it still created a lot of demand on farcaster nodes, which is why snapchain (now in testing) was built. Your storage capacity: https://caststorage.com/?username=fingerguns.eth
0 reply
0 recast
1 reaction