Would you Soak with us?

SOAK QUEST Episode 1 (Part 1) America had forgotten how to make Western Shirts so Nick founded @West Major to change that. Zap if you want to see more stories about high quality brands adopting Bitcoin and NOSTR.

Breaking News w/ Boots O’Nthaground V-Log

BREAKING NEWS VLAWG Live with Boots O’Nthaground

ZapSnag: The Future of Ecommerce? What is it? Zapsnagging is the closest thing to that Amazon button on your fridge you’d push when you needed more of something. A producer makes a post about their product with a zap amount and you zap that post them DM them your shipping info to order. It works best for repeat orders as you can skip the DM. Why? Why does Amazon have 1-click ordering? Make it easy for people to order your product. Also, there is no better social proof of quality than seeing a public zap for a material amount. Zapsnags are the best marketing at zero cost to the founders. #WorthTheSats is the only review that matters. Who is doing it? @Oshi (推し) products are great Zapsnag examples as are @SoapMiner , @Great Ghee , @acmeacresidaho and @Ben Justman🍷 wine for staples in the house. The connection between Nostr, a social app where everyone is slinging money and has wallets connected, and commerce has always been easy to draw. There just hasn’t been a great mechanism to capture it. Zapsnag is the closest thing to Self-Sovereign One-Click Ordering that exists in the world today.

Why is ZapSnag so good? Normally when you're trying to sell things online you have to send people to your store and posts are just the Top of Funnel. With ZapSnag, the post IS the funnel

Zaps are the future of e-commerce

To expect Bitcoin sales you first have to prove quality and/or integrity. Expecting otherwise foolish.

To truly opt out of this rotten system you need to be able to buy everything with Bitcoin. We need more high quality Bitcoin producers

It's arguable that the most innovative development in finance over the last 20 years before Bitcoin was what Y Combinator popularized with their SAFE (Simple Agreement for Future Equity) Note. The SAFE note took the place of the convertible notes because convertible notes had a standard maturity date of two years and many companies two years in were still trying to pivot or figure out product market fit when the money was due to be paid back or to be converted into equity. This created adversarial relationships with early stage investors before any momentum was gained. The SAFE note is a simple standardized, free 5 page document with only two fields; a valuation cap and a discount rate. Of which only one of those converts at a qualified financing event. And not any time before. As great as this is, it doesn't work for Bitcoin forward companies that denominate their business in Bitcoin, accept Bitcoin and don't plan on entering fiat capital markets ever again. Because of that, Bitcoin companies that want to raise Bitcoin need something different. Our proposal is to move back to something similar to the convertible note if you are a company that is Bitcoin only ie zero ties back into fiat systems but want to raise Bitcoin from Bitcoin only investors. Our opinion is that the only risk reward for investing Bitcoin into a company is that the company has to make an effort to return more Bitcoin to the investors from the stream of Bitcoin payments. If 1 Bitcoin is 1 Bitcoin and an investor invests that into a company, we believe it's reasonable to expect more than 1 Bitcoin back. We also believe that for best in class Bitcoin companies that only take Bitcoin, the World will soon realize they have to pay these companies in Bitcoin or they won't have access to the best products and services. *Please note this idea and document are only in draft mode and meant to encourage the debate around this topic that we believe is important for the circular economy companies that may need to raise money to scale. We'd like to collaborate with NOSTR to produce something that is as innovative and helpful to both founder and investor as the SAFE note is. Critical feedback here is the most helpful and the most welcomed. View article →

The first ever Zapsnag occured on February 22, 2023 when [Deleted Account] zapped @Ben Justman🍷 ⚡750k for 4 bottles of Peony Lane Wine.