- Can Nostr eliminate or minimize our current online content paywalls?

- Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.

- The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?

- An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.

- small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.

- Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.

- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?

- The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).

- For Example, the Grateful Dead innovated a brand new music model & subsequent creation of an entire community in which they allowed their audience to freely record & trade bootlegs of their live concerts.

- This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time & resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.

- The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly & frictionlessly advance throughout the global online community.

- It frees users to pick and choose which specific information they want to support & donate to, on an article to article, or video to video, etc... basis.

- Users aren't locked into an all or nothing subscription based arrangement.

Curious to hear your thoughts, feel free to reply 👇

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Yes. Paywalls are extremely ineffective at monetizing content, only used by boomer corporations who do not know how the internet works.

Right? And there's a lot of friction between the creator & their audience to be able to monetize that content even within our current internet & legacy financial system setup. IMO the idea of instant LN micropayments combined with an open, permissionless, censorship resistant, information forum like Nostr, is going to be revolutionary towards the advancement of the elimination of paywalled information.

Sounds like a dream. It happens almost daily that I want to read an article but it asks to leave my e-mail or to pay a recurring fee. This results in not reading the article.

Paying a few SATS with 2 clicks would solve a lot ⚡️

Exactly, I'm not subscribing to my local newspaper on a monthly subscription for 1 or 2 articles of month that they're providing that might have some interest to me. Just let me pay per article! Zaps makes this extremely painless!

I find this compelling. I sincerely believe that this is a major advancement in e-commerce.

One thing I’d like to add is that with the paywall model, someone who really enjoys and wants to support the work will almost never end up paying more than the subscription price, whereas the LN enables payments far beyond the suggested donation.

For a great piece of content, it is plausible that a single donation from a supporter could exceed the entire revenue collected from thousands of paid subscribers.

You could write the best article of your life for your 2000 subscribers at 50c a pop and earn $1000. Under the #v4v model, each of those readers could easily be so impressed/appreciative that they donate $2 instead, quadrupling revenue. PLUS there is nothing stopping those readers from widely sharing the content and bringing in a new audience AND further donations.

It is deeply meritocratic and unbelievably exciting!

Exactly! I can totally envision this new world where information isn't held back from the masses but shared far and wide for anyone to see it. It'll allow all of humanity to benefit from it on intellectual and informative levels. There have been a few Bitcoin articles written over the years, where if they were produced today, I'd have been inspired enough to do exactly as you suggest. Not all content is created equal (in the eyes of the beholder) so having this freedom to be able to Zap along micropayments at a variable rate feels like such a liberating concept.

You, sir… you get it. 🧡💜

It is only through studying Bitcoin that I have come to reject the notion of Intellectual Property. Ideas and knowledge are not scarce; they are not economic goods. Legally limiting their distribution is good for the creator but detriments humanity as a whole.

I cannot fathom how innovation and prosperity will blossom when people have stronger incentives to share with everyone than to gatekeep and only share with those willing to pay a minimum price.

Renaissance 2.0 incoming!?

Indeed! I think the ultimate goal of any author, journalist, musician, artist, storyteller, etc... is to be able to share their work with the entire world, not have to hide their information from people. In order for a free market of ideas to compete, ideas need to be spread far and wide across the globe. This frictionless competition of ideas will only lead to maximizing the potential of the human condition.

^this.

Imagine how much more capacity average people would have to support creators if they weren’t perpetually being exploited by taxes and inflation.

Decentralized technology is enabling that free market of ideas to develop outside of this corrupt system.

Exactly, everything we're having to live through these days is a byproduct of living under bad monetary incentivizes created by bad money. Bitcoin fixes this.

I definitely agree with the removal of paywall for content creators.

This whole thread 💯

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Instant LN sats payments can also transform paywalls. Instead of trying to sell a full subscription a publisher could sell an article. A frictionless transaction for small amounts that wouldn’t be feasible through a credit card transaction would be interesting.

Yes. It’s going to be interesting to see how everything unfolds.

I'm sure both models will be attempted. Curious to see which method gets the broadest amount of adoption.