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I bought Friendster for $30k – Here's what I'm doing with it

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31–40 of 648 posts

Re: I bought Friendster for $30k – Here's what I'm doing with it

#31
post #9

Why no android app?

Why no website as well? Can't use it from a laptop, it's a bit strange for a social media, many don't like typing on a phone.

I remember when we considered a website that tells the user to download an app an anti-pattern (e.g. earlier versions of iMusic).

Re: I bought Friendster for $30k – Here's what I'm doing with it

#33
I really wish more social networks would have a "fading connections" limit. So many social networks suffer from stale connections and networks, and these connections should expire after a year. Otherwise, it will permanently define a social network's content and editorial direction without algorithmic control. For example, Selena Gomez will always have 400million followers on Instagram, but she's socially irrelevant now. Same with other celebrities, like Kim Kardashian. If connections expired after a year (or 3 months or 6 months), people would have to maintain their social relevance, and it becomes a natural editorial filter, keeping the overall network fresh and relevant.

If you want a business model, require payment for long-term subscriptions or large celebrity/news accounts, but you have to overcome the network effect first. Maybe have a dozen or so permanent connections to start with, like MySpace's 8 priority friends.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#34

I really wish more social networks would have a "fading connections" limit. So many social networks suffer from stale connections and networks, and these connections should expire after a year. Otherwise, it will permanently define a social network's content and editorial direction without algorithmic control. For example, Selena Gomez will always have 400million followers on Instagram, but she's socially irrelevant…

Don't worry, Facebook already has Fading Connections

You can be married to each other and your posts won't show up on the other person's feed (there's a post on HN about this)

Re: I bought Friendster for $30k – Here's what I'm doing with it

#36
post #29

> He said he would sell it to me for $40k. I offered $20k, which he refused but he said if I had any domain names generating ad revenue, we could do a deal of domains and cash. He said he would accept a lower amount if I paid in Bitcoin. > So we worked out a deal where I gave him $20k in Bitcoin and a domain that was making about $9k/year in ad revenue, and he gave me the domain friendster.com. Now I was the owner of…

You can check out similar sales on flippa.com - ad revenue does not last forever, even if it’s existed for years. And revenue is very much not profit, you could create a site and get $100/day in ad revenue tomorrow but it would cost you $200 in ad spend.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#37

I really wish more social networks would have a "fading connections" limit. So many social networks suffer from stale connections and networks, and these connections should expire after a year. Otherwise, it will permanently define a social network's content and editorial direction without algorithmic control. For example, Selena Gomez will always have 400million followers on Instagram, but she's socially irrelevant…

Wait Kim and Selena are irrelevant? I guess I'm not keeping up with the times

Re: I bought Friendster for $30k – Here's what I'm doing with it

#38

Nice. Quick hypoyhetical. Meta offers $1bn in 5 years time when you have 2m users. Will you sell? If so this is a meta-or-dead social network. Making it federated etc. would make me trust it more.

Anyone will sell any project for $1bn, absurd take.

Re: I bought Friendster for $30k – Here's what I'm doing with it

#40

Nice. Quick hypoyhetical. Meta offers $1bn in 5 years time when you have 2m users. Will you sell? If so this is a meta-or-dead social network. Making it federated etc. would make me trust it more.

Anyone will sell any project for $1bn, absurd take.

That is literally their point.
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