So I tested the twitter revenue thing, boy that's gonna help them.
Doesn't mater how we feel about it, they are building the sticky incentives.
It actually pays relatively much more than I thought, for doing nothing you wouldn't already done. That's magic for ppl.
Which brings me back to economically meaning zaps. Zapping a beer counts, zapping sub dust limit won't attract the normies.
The competition and the normies are not morally aligned with us. Ppl are busy living their lives.
You are still a jackass.
Maybe. But those good payouts probably won't last. They're "subsidized"... Feels like a promotion to pump the subscriber program.
Doesn't look like Twitter is making big bucks.
Twitter just seems so anti-everything-we-should-stand-for that I can't bring myself to participate. I'm not getting a paycheck from it, either, though.
My small contribution is to zap, not like. I hope it adds up and turns into beer for somebody.
Nice post. I’ll now zap you 2/3 of a cent USD to express how much I valued it. 😂 I’ve been chastised and argued with for previously suggesting good content deserves meaningful zaps. I’ve even had some say they essentially zap in “future value” 🙄 Number bias works against creators on Nostr because zapping a couple thousand sats feels like a large number, even though it’s only really a few cents. It would be better right now to denominate zaps in local currency to give people context of what they’re sending, especially for people who have no context for the value of sats.
I forgot what client does this… is it iris? I was confused when I saw zaps expressed as cents. Made me feel odd and stingy lol.
Nostur does this, maybe others. Here’s how it looks in Nostur though. The stat on the post shows the number of zaps and the fiat value. When you open the list of zaps it then shows you the data amounts with the fiat value of each zap. If we’re going to use sats transactionally, people have to be understand the current purchase power of those sats at the time of the transaction. That includes zaps as tips for content. 
I’m reminded of Brave rewards. When it was new I’d make a few bucks a month from ads. Very cool. But then it turned into pennies per month at most. It was a subsidized gimmick to pump engagement as nostr:npub18x5tzar4hcxmgn33870aqvhlmcvrez4avjvwfye2suenp5kdfp5q5stv0k said.
Still, something that shouldn’t be ignored… yet.
Also, I will bet money that Elon eventually makes rewards payable in DOGE. Who’s gonna take the other side of that bet?
A ton of right leaning accounts got super excited about their first payouts and I remember thinking how much of an uphill battle this will be. Donations and generosity aren't going to cut it, we need to pay for shit here.
V4V in a fiat world is harder. Ads have asymmetric returns. But, as fiat files I think we have a chance.
I mentioned this before. The sats even as small as 21 sats are actually good value.
What you are not seeing is volume. There are very few of us right now. And not everyone is creating strong content. Thats a very different challenge.
Also Getting zapped for a GM is actually insane money.
Yeah no shit blue checks/influencers/businesses won’t stay cuz we’re not paying their bill.
Was that ever hard to understand?
everyone has different styles and amounts for zapping. for example, maybe i zap 21 sats as a like. maybe if i really like something, i'll zap 000. if it's great content or something like that then ill do 10,000 sats. absolutely amazing content, 100K sats. we don't always have to zap "dust" as you said. it just depends on the type of content that you're zapping. either way, it all adds up.
the difference is on nostr, the payouts are organic, from user to user, on twitter it's ad revenue shared right? so those advertisers can go somewhere else if they start disagreeing with Elon, leaving the platform without revenue to share. At that point, the revenue model of nostr will be far more resilient. Also, advertisers have a long history of pulling out of controversies and opinions that directly threaten their business.
Elon is buying out influencers, via rewarding them through a black box.
He can basically push or mute whatever exposure he likes through this program, just by paying thoughts leaders more, or less.
As you mentioned, it’s like magic, and whether we like it or not, it’s not something we can compete against on nostr.
We’re not going to outbid the Fiat Rankings Leader for exposure just yet, especially while there is still no clear path to fairly pay clients builders and relay operators.
I see nostr as a very long term solution (10+ years) to keep true free speech alive, short term think we should just focus on UX and education instead while nostr stays up as a life raft in case of global social media platform shutdown.
You are missing the point. We all know what, but it doesn't mater. Ppl dont care. Having better incentives needs to win economically not morally.
You need both. They ban "nazis" on twitter (evrn if it would make them more money to have them) to win some warpped moral battle.
We must win morally AND economically
That’s actually my point. Try however hard you can, you won’t beat a dude whom raised $42B in a couple of months on sheer economic power.
So we better find other ways to compete against him.
💭 Sueño con el día en que la pregunta de ¿cuánto vale un Sat/Bitcoin? Sea irrelevante.
🪙Sueño con el día en que la respuesta sea 1 Sat vale 1 Sat, 1 Bitcoin vale 1 Bitcoin.
🫰🏻Sin embargo, mientras ese día llega, hay que tomar en cuenta estas cosas.
#BTC #Plebs #Plebchain #Nostr #Hispano #Español #Educación #Education
The math checks out for small zaps being more rewarding than an impression, do you know what amount you are getting per impression of Twitter content advertisement?
So you're basically saying, they got us good because they have 1000x the userbase.. correct. I don't think zap shaming people to pay 1000x to make up for it is gonna get us there.
It doesn't mater. The better question is how do we create better incentives being the underdog.
the incentives are freedom fuck you money vs ad led censorable cuckbucks
but I get your point, though it feels the same battle as telling people to use btc instead of paypal
unfortunately "normal" people don't care about that :(
Have some empathy, they care just too busy surviving
this is an extremely cup half full point of view, I tend to be pessimistic so I never really considered it from this side. I'll try to factor this is when trying to bring more people into the space😂
not every one can be saved, even less those that don't want to. we need to stay humble and keep educating those that want / need.
the vast majority have no opinion and will use whatever their friends do
my close friends don't care what they use to contact me for example so I tell them to use simplex and they download it and use it, that's great. but oh my god trying to convince family members is so much harder than it needs to be😂most of myfamilyy live in 3rd world countries and use apps like WhatsApp, its what they're used to and they don't care about privacy. I'm using chat apps as an example but I think the idea is the same, the privacy focused alternatives need to get BETTER than the competition. I think this is the only way mass adoption will occur, using privacy, anti censorship etc as a selling point will not work for the masses
I tested out onboarding from snort and from amethyst just for fun .. ya it's pretty rough. If I was nostr CEO I'd be stealing twitter and reddits content to fake boost our user counts and fixing onboarding. Which is pretty much how all social media starts. Even Facebook stole email user lists to get started. So far nostr isn't doing anything like this..
Features / ecosystem / portability / interop. Monoliths can't compete, they aren't agile enough
Good point
"A zap is a zap, no matter how small"
1 sat zaps are reserved for voting or fuck you's, though.
Fuck you too nostr:npub1pslshcvlh783ck42cjnapd3a5292y0pxh3sp0jwgj8fdpmkwt0hq9v4hf7 1⚡ !
This is true
Nostr has more people working on it than X *right now*. Imagine in a couple years
"Not morally aligned with us"
Well said.
For the people that want ads / sell their data clients could be build which share ad revenue. Good thing these ads might be interesting for us as woke compaines would 't advertise due to freedom of speech 😅
Can you give us an idea of how much an account of your size would earn?
My guess would be between $1000 - 5000 monthly
I can envision a solution to the thousands of botnets that will take advantage od this feature
Facts.
- People will resist paying for things they’ve always gotten for free.
- The general populace does not care about censorship resistance.
- The general populace does not believe they’ve lost their right to free speech.
- Advertising revenue has taught people that their simple presence on a platform provides value, which is not true on Nostr.
The incentives are not there. People are not going to be willing to put the effort into learning a more complex app, lose their perception of power and value, and reverse the economic flow of being paid to use a free service to paying to use a service - UNTIL they are targeted to censorship, have their free money taken away, etc.
Nostr is a place for social media refugees right now. The people here have been incentivized by loss and given cause to value their sovereignty and independence. Right now the majority of them are willing to do so at a loss.
I have been thinking about this all morning.
What brought you here? What keeps you coming back? Do you have incentive to invest into those things? Do you hope for financial gain by participating here? How does one define value?
Genuinely curious.... many hurdles to be cleared, obviously.
Zaps are fun but for normies fiat rules unless zaps allow them to avoid disclosing their full income. So fiat wins but taxes win out. In other words the service where you can earn the most and pay the least amount of taxes wins. I think building apps that high utility, style and UI prowess is where to focus in the near term. Make nostr based apis much easier to use for main streamers. The economic models for success will be unique to each nostr use case. Nostr Twitter is a POC for the potential for nostr not the finished product bc there will be many.
Imagine when that 50 cents is worth 100 USD!
I'm n*t s*re how e**ective it will be wh*n this it wh*t tw**ts have to l**k like in order to fo**ow the r*les for m*nestization.
H*h*h* t*ue th*t
Yup. Gotta curb the nerd pride and build bridges for normal people. Otherwise this risks becoming a big circle jerk.
You mean it risks never unbecoming a big circle jerk.
Yep, provided they keep the same payouts which I have doubts considering I've seen some blue checks that are just shitposters getting $50-80/month. No way that is sustainable.
IMO, people will not leave Twitter for an alternative until the important figureheads for their favorite topics are here. Sports, for example. My suggestion is building something akin to a Hootsuite where you can post to Twitter and Nostr simultaneously.
Seems like a distorted UBI. Maybe it can be sustainable, if they have support from the money printer
We are all busy living our lives
you're right but it's still just the Blockfi of content.
Elon will be tough to compete with, but open networks will win in the end.
nostr:note1w2wymg7v7c7kxdlm8ududpjfeywfaa39mcm69lss6a0ye4pnwseqx0kfak
I was never really able to get a big enough following base in the popular SM, as i was probably always too late to the party and then you have to compete with bots a lot…
Maybe this time it‘s different here and I‘m still really early?
One question:
Are all „Nostr“ platforms connected or how exactly does this work? 😄
Nostr is the network. It is the same for all. There are different clients (apps), that all connect to the nostr network.
There are nodes. Nodes save what is in the netwotk posted. So nodes save your messages. Mostly your mesages will be posted and saved on different nodes. The admins of nodes decide who and what can be posted on them. Some nodez offere it as a service and you can pay them. You can also set up a node only for you, so your mezsages are allways saved.
Could you also go a little more in detail on the numbers on that? 😉
welcome back to reality (unfortunately)
A donation based system will obviously never be able to compete for professional or hobbyist content creators. Nostr needs protocols for some kind of paywalled content.
nostr:note1w2wymg7v7c7kxdlm8ududpjfeywfaa39mcm69lss6a0ye4pnwseqx0kfak
Don't forget payouts from Twitter or YouTube come from ads and subscriptions. Are you looking to build an influencer and advertiser market matching system?
I personally don't care. I personally would rather no influencers at all. Just normal people talking to other normal people.
You do what you want though. Just pointing out what would need to be done if you really wanted that.
