removing the cost for real users to join and contribute to the network is an existential problem farcaster needs to solve

most people don't pay for social media - doesn't matter if it's $1 or $10 - it's not something they're used to

this is also an existential problem for apps building on farcaster

If you remove cost, you have infinite spam.

If you gate sign ups, it's not permissionless.

Warpcast has tried a couple of large, reasonably scaled experiments with free sign ups and the long term retention rate is basically 0.

Soo the fee/cost is mainly to evade spam??

I bought $BTC @ $70k
seemore.tv/free/fc/ox-crypto

cypherpunk wannabe, engineer working on @frames /open-frames /opencast
https://stephancill.co.za create stories at https://stories.steer.fun

@stephancill i think they do used it on hubs :)

The storage fee doesn’t go to hubs. It’s sitting in a multisig :)

I maybe misunderstood dan 😅 apologies.