The Cost of Creating a User Account on Farcaster

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They discuss the cost associated with creating a user account on Farcaster, a decentralized system. They explain the gate fee to get on the blockchain and the importance of finding the optimal cost to balance spam prevention and decentralization. They also mention the need to make the system user-friendly to attract more users.

Farcaster is a twitter-like crypto social media app that just launched what could prove to be a killer new feature. They’re called frames.

We’re calling it now and we’re calling it early - we think Farcaster frames could be a breakout use-case for crypto this year and a way to onboard the masses in the months to come and we're here with founder, Dan Romero, to explain why. ------ 🏹 USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024 ------ 🎧 Listen On Your Favorite Podcast Player: https://bankless.cc/Podcast ------ BANKLESS SPONSOR TOOLS:

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------ TIMESTAMPS

00:00:00 Start 00:07:48 Intro To Dan and Farcaster 00:12:00 What's Different About Farcaster 00:17:12 Investing in Farcaster vs X 00:22:19 Introduction To Frames 00:29:40 Frames Escape Velocity 00:38:22 Building a New Internet 00:47:52 Frames Distribution 00:54:52 Sufficiently Decentralized 01:05:11 Censorship 01:10:07 Farcaster Costs 01:15:29 Farcaster Economics 01:21:54 Rapid Fire Q&A

------ RESOURCES

Farcaster: https://www.farcaster.xyz

Dan Farcaster: https://warpcast.com/dwr.eth

Dan X Profile: https://twitter.com/dwr

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠