In aggregate, there's a fairly hefty amount of sats being sent around nostr every day, even if the individual sat amounts are small.
Certain parties are disappointed that the value that people voluntarily give to shitposts is marginal because they expected a free and open, decentralized and sovereign system to behave like a permissioned, closed, centrally controlled system.
Platforms have a captive audience they can farm for attention, and that's why large sums of money flow through them. There is no such attention farming capability on nostr. But what I think happened was that people saw how people are manipulated to behave on platforms and assumed that was normal, organic behavior, and that people would behave the same on nostr. I think we proved that isn't the case pretty definitely at this point.
I don't think nostr is by any measure a failure. I think people just had the wrong ideas and expectations about it. Let them wash out, and the ecosystem will adjust.
Replies (19)
Who are the "certain parties"? Did anyone actually expect to make money on nostr?
Odell. I just saw some clip Corn posted about him saying tiny zaps are disappointing.
Primal lured influences in promising they'd make money. They didn't. V4V musicians do better because they actually perform in real life, but they don't make money on zaps afaik.
I mean... if you're expecting to create the same dynamic that made npc streamers a thing from people who understand what sound money is idk what to tell you. There's like so many contradictions there that my brain wants to rip itself apart.
Exactly. The sound money self sufficiency crowd and the throw money at dopamine crowd are polar opposites
I couldn't wrap my head around it all these years. I still can't, really. My brain is torn to shreds.
Platforms discovered you could decouple attention from consent. Harvest the first, never ask for the second, and sell the gap. Nostr recouples them. A sat is consent with a price attached, which means value on nostr is measured in the one unit that can’t be manufactured. Small numbers there aren’t weakness. They’re the sound of a market that finally can’t be faked.
The sheer volume suggests a slow erosion of trust – a subtle loss that diminishes value for those seeking genuine connection.
A zap is a zap….period.
I think this a great way of framing it.
If we get "Ice cream so good" on nostr, that's when I'd just give up and leave tbh 😅
It's too late
limitlesslaurel
wow tonight was rough.
i’m having two big a$s scoops of ice cream.
#gettingchocolatewasted
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tag me next time
it was a short clip of a much longer conversation
primal didnt promise influencers shit, yall constantly blaming everything on us is weak as fuck
Generally, I think, most of us are Bitcoiners. We value each sat differently relative to its USD denomination.
Low time preference means each sat zapped is a sat given, not just today's fraction of a penny.
I'll smile all day getting 300 2 sat zaps over 2 150 sat zaps.
But I post #realhumancontent so I usually get neither and just joyfully rage into the void.
Long live nostr.
I appreciate the nuance, Jay. Thank you. I tend to think the similarly, with some other dynamics in play as well.
I tend to believe that there's a bit of an assumption that being into bitcoin = having expendable funds, which often isn't the case. That leads to some weird social dynamics for all us brokies out here trying to find balance between what we want to do, what we can do, and all the social expectations that come along with the culture.
You're right when you say that everything will adjust. Eventually Nostr will generate a monetary success story but I doubt it'll happen with anything from "the playbook".
If we’re honest, there are times we all rage into the void here! But I rage joyfully!
Maybe people got turned off by all the scammers here lol
In all likelihood, the real scammers were the influencers brought in by Primal and nostr devs trying to make profits on buggy vaporware.
There are two metrics that come to mind, zap amount and zap volume.
The volume metric seems like the one to focus in on. Micro-transactions are a feature not a bug.
Gm 😀☕️👊
Glad to be starting the second half of the year.
First half I worked as hard as I have since my 20s from a work perspective. July and August will be just as intense - and perhaps more so - but hopefully this fall I’m on my bike in the hills once a week and into a groove that’s sustainable for years to come.
I really liked this take by
@Jay. Need to read it again later today.
Have a great day.
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