fc-updates

FIP: Snapchain 

A new proposal to introduce global ordering to Farcaster hubs. We'll discuss this in more detail in the dev call tomorrow, but sharing an early draft for feedback.

FIP: Snapchain 

A new proposal to introduce global ordering to Farcaster hubs. We'll discuss this in more detail in the dev call tomorrow, but sharing an early draft for feedback.

https://warpcast.notion.site/Snapchain-Public-0e6b7e51faf74be1846803cb74493886

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

| Per-cast fees are a really bad user experience 

haven’t thought through this deeply, but couldn’t you just mentally model the current Storage implementation as a “preloaded balance” for casts?

You can buy one unit of storage and generally cast as much as you like for a year. 

You don’t have to worry until the next year

couldn’t you do the same thing with a network running on an L2/L3? Preload a wallet with $5-$10 worth of casts and each cast is deducted from that balance

Paying per cast is stressful psychologically. 

It’s why subscriptions almost always beat micropayments.

yeah I agree, that’s why I’m saying if you had some sort of “balance” that you preloaded instead of paying per cast it would be the same thing in the end, but would cause less stress in the moment

same as any prepaid point system (starbucks, etc.)

Current system being snapchain?

I guess it solves 1) and 2) out of the box (assuming fast block time)

Since we’re disobeying 3), we have a *theoretical* built in rate limiter for 4) (although I doubt such a low fee would discourage spam in practice) 

Is 5) basically just saying “if you can program whatever you want, then people are going to financialize it, and that data is going to take up all the block space”? I don’t know enough about this one, do blockchains have to be inherently turing complete?

What would be the benefit of this over the current system?