Ethereum’s team lead Péter Szilágyi has criticized Farcaster for alleged bot manipulation, raising concerns about the platform’s transparency.
Ethereum‘s core developer Péter Szilágyi appears to be not a big fan of FarcasterOpen-endedsource Decentralized social network implies that the platform has been manipulated by bots.
In a recent X thread, Szilágyi expressed skepticism about Farcaster’s ecosystem, citing instances where bots allegedly dominate user activity by circling transactions to accumulate DEGEN, an unofficial token created to boost activity in the Farcaster community.
Szilágyi alleges there’s an “insane conflict of interest” The network developer should not attempt to resolve the problem, since non-power user (users with fewer than 400 followers), are automatically filtered. “out by default from everyone’s feed,” The current status of the project is similar to a “money and user printer.”
“IMO the biggest problem is that there’s an insane conflict of interest for the FC [Farcaster] devs to not get rid of bots. It’s a money and user printer. They just need to make them not-annoying enough to cause real users to leave.” Péter Szilágyi
Farcaster has not made any public comments on this matter as of the time of publication. Crypto.news contacted the project to update. article If we receive any responses.
This is not the first time Szilágyi has raised concerns about the network’s transparency. The blockchain developer had questioned Farcaster in February. “organic growth” in an X-post, saying that his Farcaster account rose tenfold over a period of a few weeks with “0 activity.”
Farcaster was founded in 2020. It is a similar decentralized network to X. However, it’s built on Optimism which is a layer-2 Ethereum-based solution. In late March, reports surfaced Merkle Manufactory – the company that owns Farcaster – was said to be on its way to securing an important funding round lead by Paradigm. This would value the company around $1 billion. In July 2022 the company secured The round was led by A16z cryptocurrency and raised $30 million.
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Source: crypto.news
