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Content
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Varun Srinivasan pfp
Varun Srinivasan
@v
Don't buy farcaster accounts. You might get rugged. They were designed to be easy to use in a social app, not to be traded like nfts. Some tradeoffs we made will make it harder to trade them safely. For example, someone can set a recovery address, transfer the account to you and reclaim it back a few hours later.
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Varun Srinivasan pfp
Varun Srinivasan
@v
The other thing to keep in mind is that change in ownership is visible onchain. People might stop airdropping to accounts that have been recently transferred. Selling a low number fid might make it useless, so please be careful when speculating on future value of such things.
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Nico.cast🐱 pfp
Nico.cast🐱
@n
Security is important. But I'm in the camp that a user should have total control over their account, including to trade or not trade! https://warpcast.com/n/0x375f26ce
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petar.xyz pfp
petar.xyz
@petar
You designed but why not let the market decide what to do with their accounts? Isn’t what decentralization is supposed to be? Why oppose a design part of the Farcaster community might not want?
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Jithin Raj pfp
Jithin Raj
@jithinraj
Recasting for reach.
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Luke pfp
Luke
@lk
Thanks for the info Varun. This is good to know. More education on this stuff is key, especially moving forward with new tech like this. I have a large ‘past life’ in social media, so a knee jerk reaction of mine is to collect cool FIDs here for fun, although I haven’t at this point. May have to reconsider.
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Mayank 🗯️ pfp
Mayank 🗯️
@meluhian.eth
Aren't these types of marketplaces endorsing spam?
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Nelson pfp
Nelson
@nelsonmckey
Is there a way to see recovery address?
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SonOfMosiah pfp
SonOfMosiah
@sonofmosiah.eth
@n I’ve seen you talk on this topic recently. Anything farquest is doing to avoid rugs?
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Sui pfp
Sui
@sui
I had the same thought. Seller can reclaim his account anytime by contacting Farcaster team. Also trading FIDs doesn’t make any sense to value producing here. Anyone with even higher FIDs can create enough value than dead low FIDs. Being early isn’t enough if anyone is not producing value.
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Akva 🦡 pfp
Akva 🦡
@akva
thats good advice, thanks i'm recasting that
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Amanda pfp
Amanda
@akastevey
the flex is priceless.
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Andre Messina pfp
Andre Messina
@andremessina
This early why do people need to buy an account... We're still in the follow for follow phase 😆
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ndx 🐉 pfp
ndx 🐉
@ndx.eth
Thanks this helps me cope 😏
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6529complaints pfp
6529complaints
@6529complaints
Buying and selling FIDs is going to lead to a lot of complaints. We are here for it /6529complaints
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Arda pfp
Arda
@arda
🫡
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Wholistic 🎩 pfp
Wholistic 🎩
@wholistic
That's a great feature, and totally able to be designed around with an escrow market contract that ensures it's safe for both parties
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Aaron Ho φ pfp
Aaron Ho φ
@aho
what about fnames tho
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Jay pfp
Jay
@lobster
fid fud
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Spleefy 🎩 💰🔵 pfp
Spleefy 🎩 💰🔵
@spleefy.eth
This man knows
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