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

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

#24
post #9

Why no android app?

Clearly targeted towards a US only audience I guess?

Even in the US... something like half of people have an android.

Starting a network effect product like a social network where you exclude half the social graph seems like... quite a decision.

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

#25
post #9

Why no android app?

The main functionality to add friends is that you need to use the phones physically touching feature of iPhones. This doesn't exist in Android afaik.

The guy wants people to meet in person rather than doing social media the normie way.

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

#26
post #24

Earlier quoted context omitted.

Clearly targeted towards a US only audience I guess?

Even in the US... something like half of people have an android. Starting a network effect product like a social network where you exclude half the social graph seems like... quite a decision.

Worked for Facebook.

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

#27
post #16
post #9

Why no android app?

why not a proper Progress Web App so it can run on any device independent of app stores? it's not as though a social app needs deep OS integration. I'm sure Claude or Codex could vibe code that in an afternoon.

The central point of this app is to determine proximity of two devices. That's not possible today in a cross-platform way using web apps.

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

#28
post #24

Earlier quoted context omitted.

Clearly targeted towards a US only audience I guess?

Even in the US... something like half of people have an android. Starting a network effect product like a social network where you exclude half the social graph seems like... quite a decision.

It's likely much more than half because I don't see a guy working on his laptop and switching on his phone to be able to answer messages, I personally never use social medias on a phone, it's annoying to type.

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

#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 the domain name friendster.com.

I don't know anything about how to project future ad revenue of a domain, but would this be likely to be valued at only $10,000? Unless I'm misremembering my limits, even if it made $4,500 next year and continued to cut in half every year after that, it would still account for $9,000 of revenue projecting indefinitely into the future, even bumping that up to something like 60% of the previous year's revenue it would already put it at more than $10,000 (although I don't know whether ad revenue tends to scale with inflation or not; my instinct is that the prices of ads probably would roughly increase with inflation over time)?

I know I'm nitpicking a bit about the title, but I can't help but actually be curious now that I thought of this.

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

#30
post #27
post #16

Earlier quoted context omitted.

why not a proper Progress Web App so it can run on any device independent of app stores? it's not as though a social app needs deep OS integration. I'm sure Claude or Codex could vibe code that in an afternoon.

The central point of this app is to determine proximity of two devices. That's not possible today in a cross-platform way using web apps.

You can with the Geolocation API.
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