Venkatesh Rao ☀️
@vgr
Is there a biz model blog post somewhere? I’m foggy on how the VC-funded company behind FC is supposed to deliver a return if arbitrary 3rd parties can do hubs and clients and other apps. A lesson I’m drawing from the Twitter mess is that the core company has to make good $ before it can afford to create abundanc
4 replies
0 recast
0 reaction
Varun Srinivasan
@v
no blog post yet, but @dwr.eth has posted some screenshot essays / casts on this topic which he might be able to repost here
3 replies
0 recast
0 reaction
danirayan.eth
@number
@vgr also, what’s the economic incentive for the hubs to be geo distributed? Current model favors app developers so most likely majority of the hubs will be collocated in aws?
1 reply
0 recast
0 reaction
Varun Srinivasan
@v
You can be geo distributed on AWS I assume you mean how do you ensure everyone doesn’t end up on the same cloud vendor?
1 reply
0 recast
0 reaction
danirayan.eth
@number
Yup. Right now, let’s assume a bunch are plotting to overthrow the govt. and if legally requested aws/vendor will arbitrarily shut all FC hubs.If you consider BTC mining the economic incentive of low cost power drove miners to many diff geo loc. What’s the incentive for app dev to geo distribute (intl aws is expens
2 replies
0 recast
0 reaction
Varun Srinivasan
@v
I don't think the geo distribution of BTC is driven by average national electricity costs alone. USA is about 60th or 70th percentile, yet has ~ 33% of the hash rate today https://www.globalpetrolprices.com/electricity_prices/
1 reply
0 recast
0 reaction
danirayan.eth
@number
Yup, reliability of the power & regime favors are also some of the other factors linked to the economic incentive. Good stuff. You folks are impressively tackling a very hard problem — building a new social network and a new type of decentralized infra. More power to the team behind this. Happy to keep supporting!
0 reply
0 recast
0 reaction
