Farcaster

Please spread the word: there are 0 economic rewards—currently or in the future—for running a Hub.

Only run a Hub if you:
1. Find it fun
2. Find it useful for your project or your business

There's no surprise or gotcha that comes later.

All of the YouTube video tutorials are lying to you about a potential reward.

one of the chief innovations of smart contract blockchains was the integration of distributed networks and decentralized economics. if you take away the economics, it's very hard to maintain the network.

/bettik founder /outercorps stalwart | ex-binance, ex-celsiusX

come on dan. this is very disingenuous or at least very bitcoin-centric. most nodes on smart contract blockchains (not bitcoin) run validators and those that don't are mainly app developers or dedicated infra hosts (alchemy, infura) with other direct means of compensation.

without the intrinsic network payment system, you'll just end up with a mainly centralized small number of hosts and still the requirement to use something like USD to compensate those hosts.

the innovation of smart contract blockchains introduced a fully encapsulated internet, which means it's much more likely to remain decentralized.

Bitcoin and Ethereum nodes have no direct economic incentives.

right, that's the problem - payment for the effort of operating a hub must be external and (most likely) centralized.

blockchain already solved this.

does it apply to hubs too? they aren’t validators in the blockchain sense