Subnostr

I was thinking about Bitcoin investing in relation to our nostr:npub1s3ht77dq4zqnya8vjun5jp3p44pr794ru36d0ltxu65chljw8xjqd975wz project.

Most Nostr development is quick-n-dirty development, because the users are extremely impatient and the funds generally don't flow until you have something tangible to show an audience. We decided to go more slow-n-steady, but that means my outlays at the beginning and during development won't be recuperated until the first full release. Which could take a year or longer. If Bitcoin goes parabolic between here and then, I'm sorta screwed.

So, I decided to write for sats, using the knowledge I'm gaining as member of GitCitadel and generally increasing the quality of my writing, to recoup my outlays over a different channel, parallel to the development.

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Discussion

Laeserin 1y ago

I think this is an "until now" unforseen side-effect of a deflationary currency, and that explains why so much Bitcoin or Nostr-related development is funded by grants (no money returned), rather than investment (at least part of the money might be returned).

I think the best way to mitigate that time-lapse effect is this sort of multi-pronged building.

1) Building in stages, to generate returns earlier on.

2) Generating returns through some parallel or periodic activity.

Tim Bouma 1y ago

I believe it’s mostly grants because the everyone believes the outcome of the work is still ‘pre-commercial’ and more in the ‘public interest’. That is to say, no one yet knows what the business models will be to drive the return on investment. Still unknown if nostr is a fad/novelty or a key building block of the future.

Laeserin 1y ago

The grants (including VC funding, which might eventually disappear under a Bitcoin Standard) are used to fund the "big jump" versions, where they move quickly from an idea or simple PoC to a completely revamped and fleshed-out version. Then they are weaned off of the grants or the grants are reduced, and they attempt to quickly match the missing funds with fees, to cover running costs.

There is currently no universally-viable concept for fully returning the costs Big Jumps incurr.

Tim Bouma 1y ago

Then there is the question of open source. Most grants require the work to be open source at the outset.Perfectly fine, but negating the possibility of an initial commercial advantage. Many are perfectly happy to give everything away for a few zaps, but others want to invest first for an advantage before giving away.

Laeserin 1y ago

This will not be feasible, soon, as reverse-engineering automation will make everything de facto open-source. We just have to adjust to FOSS.

ᴛʜᴇ ᴅᴇᴀᴛʜ ᴏꜰ ᴍʟᴇᴋᴜ 1y ago

as it already was, disassembly was pretty sophisticated but add an AI to that to nail down the architecture, game over

liminal 🦠 1y ago

Binary is just a language as any other. Curious at its efficacy for reverse engineering.

ChipTuner 1y ago

We had a good discussion about this in this thread nostr:nevent1qvzqqqqqqypzq52yl6y07sjnceqga6yuulawdagpmpzen0zm69qpf5ywfz2c04d0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq3wamnwvaz7tmzd96xxmmfdejhytnnda3kjctv9uqzqtgtgxdu2jzfp33hzw4smydumr28kc9t4mr30grwkjen2qtc3g48r54rnx

🇵🇸 whoever loves Digit 1y ago

If an open source decentralized git takes off thanks to you, I'm pretty sure you'll be set for life & money will be the least of your worries

Laeserin 1y ago

Dein Wort in Gottes Ohr. 😂

🇵🇸 whoever loves Digit 1y ago

I knew what that said before translating, what the heck?? Your German must be rubbing off on me lol

Laeserin 1y ago

😂