I recognize that when a new Nostr client emerges, once a follower signs up, they remain following the same people they chose to follow on the protocol with the new application - that’s very nice, so you don’t need to “rebuild” your following from scratch, it comes with you from client to client.

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Not just followers, but the entire userbase is available for the new client.

If you build a new social media platform app like Facebook you need to attract new users first which is a hard and costy task.

With Nostr as a protocol only the client needs to be implemented and everyone can switch and test the new client

Yes, in theory, it would mean that 1 private key unlocks many different clients and services, as long as people abandon their censorship hellholes and migrate to adopt Nostr.