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I’m not convinced that’s the case. A relatively small subset of bad actors can join the network, create new accounts on a second phone, tap (or find a way to fake that process via the API), then eventually use those accounts from bots.

It’s of course more friction, which in itself is good to avoid spam/bots, but over time all of that can very likely be automated

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Bots don't matter if you aren't connected to accounts you haven't tapped phones with though.
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I think this point is crucial:

> [...] would be roughly proportional to the strength of the friend network connecting them.

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There's a German gay social/dating app called Romeo that has a feature where you can show which people you know personally. There's no physical validation though, so it's easy to fake.
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