Zaps don't really have an effect, either. 3 people sending you the equivalent of 0.02¢ is not at all motivating. It actually feels more like being mocked.
The superzaps, on the other hand, are mostly me and my friends, people receiving refunds, or npubs testing a new wallet by zapping themselves.
Reading through the superzaps has been sobering.
Monero will bring the liquidity Nostr needs.
Monero, camero.
Stablecoins have won, this game is over.
Stablecoins are permissioned. Defeats the entire point.
Nobody cares. The world doesn't care. Like 12 people care. Numbers speak for themselves.
Why are you using Nostr then if like 12 people care? If numbers speak and that's all that matters then we should all be on Twitter/X
We're not though because obviously it's categorically an entirely different thing
Btw I'm not against tipping in USDT. I think Nostr clients should be cryptocurrency neutral instead of pigeonholed into one thing. Let the users choose what they want to use.
I'm on nostr to keep up to speed on the relay tech, which is solid, but the best use cases for it are outside of the social network context (B2B stuff). Random conversations keep me motivated to come back for tech updates.
Numbers matter a lot for social networks. Without them these networks can't be sustained. Nostr is bleeding like $1m per month. A network can't be free and bleeding money at the same time. That's just putting freedom on the credit card, the bill will come due.
Also agree it should be cryptocurrency neutral, though not sure how that works in practice.
What are you? A Buttcoiner or a Fed?
I'm just pointing out the insanely obvious. Look at USDT transaction volume on TRON, it's like $25 billion a day. A DAY! And these are mostly paying for stuff transactions, not people playing the currency markets.
There's just no denying that stablecoins have won the MoE race. Other things like Zcash or whatever will always have their niche and that's fine. But these niches are tiny little sideshows in comparison.
USD is a dying fiat credit system. Stables are just unbacked fiat claims on top of fiat created from thin air.
It works until it does not. It has zero privacy aka fungibility and therefore will never be real money. On top of that it can and will get frozen.
We are mid race.
Nah. All money is human imagination. All of it. That goes for fiat the same as it goes for bitcoin, as it goes for monero, as it goes for anything. It's all a shared delusion, the moment humans stop agreeing that it has value then it has no value.
Compare that to a coconut. The value of a coconut does not depend on us all agreeing with each other that it has value.
Philosophically yes, it's a helpful shared illusion.
On a practical level (within this shared illusion) neutrality aka fungibility is one of a handful prerequisites that differentiate money from (social) credit or other forms storing value.
Sure, but it all operates within this shared illusion in which any seemingly objective factor or prerequisite is still just part of the lore, which feeds the agreement, which is everything. Like for Bitcoin, there’s only 21 million. But that is just part of the lore. There are only 26 letters in the alphabet. I could make a currency right now with 26 tokens, each locked to an alphabet letter. It would have no value. Because it hasn’t accumulated agreement. Therefore the value is 100% in the agreement and 0% in the objective constraint, be that objective constraint 21 million or 26.
It's all marketing in the end. Whichever money has the best marketing has the most value. And if a neutrality narrative helps the marketing today then great for today, but it might not help the marketing tomorrow. It all just depends on what people want to hear at a given time.
I turned off zaps because I saw no difference between a like and a zap. Bitcoin is the wrong currency, but if you're going to use it then make every like 10 sats or some other fixed amount, so you at least merge them and don't have two completing but equally valuable (or valueless) ways of saying "I like this".
Variable-amount zaps is an insane design choice. You force a value decision each time, the zapper has to think about not offending the person, not being seen as a tiny-zap doofus, etc. What terrible UX, that's adding mental stress to both sides for no reason. And not only that but you have to worry about mistakenly not brining up the amount selector and it sending a zap with your default amount by accident (most zap icons have this incredibly annoying long-press vs. short-press thing going on). And they come with messages that can't be responded too. And shady folks can zap-vertize you via these messages by zapping some mocking 2 sat amount.
It's like the worst possible way to implement micropayments in a social setting, no wonder the statistics look so dire.
Just make every like 10 sats and that's it, nobody is allowed to send more unless you send to their profile, not on a post. Too late now though.
