The incentive structure on NOSTR isn’t nearly as pure and obvious as it is in Bitcoin. Bitcoin works because everyone is incentivized to participate, in one way or another.
NOSTR is a platform you can choose to use but if anything it gives you less than legacy social media. Sometimes less is more but still … the incentive to use NOSTR isn’t pure and obvious. nostr:note1f7zrudzgxxq29m0rh3ne5exq9qzwvahvaguszr40an7m3uzws3ysaxt7ht
yes, we will need more relay nodes
As I said to Yegor yesterday, you have to have the right type of person to “purple pill” them. The incentives aren’t there yet. It will take full blown Soviet level censorship to provide the proper incentive to come here. For now, it’s just a place full of people I want to be around. 99% of the world thinks your average Nostrich is a psychopath. I am actually most excited about the non-social media stuff that’s being built on/interacting with this protocol.
The incentives are reverse. Users want growth, but that just makes the relay operators pay more, and they get nothing in return. So relay operators are better off when nostr is small. Because the donations, which are large, never trickle down to the relays.
They don’t get “nothing”.
Nostr.com.au is essentially break even after 18 months. We get the satisfaction of decentralising relays and providing global redundancy in the event of global nuclear warfare 😂
#nostr the only immutable, censorship free and private communication platform and decentralized peer to peer market place available, using #Bitcoin money. Pretty powerful from where I stand. Now all we need to do be free is use it.
Sure. But that isn’t the case for everyone. The incentive in bitcoin is (1) accumulate wealth (mine/buy) and (2) protect wealth (run a node). The rules are defined. The execution of the protocol predictable. The incentives for participants are (nearly) perfect and are (truly) synergistic.
“Protecting” freedom of speech isn’t really defined nor is it measurable nor is it predictable. Protect speech against who? Protect what type of speech? Who is delivering the speech? What’s the reach of the speech? What the truth factor of the speech? What’s the novelty of the speech? What’s the timing of the speech? Where is the physical location of the speech?
Who profits from posting/hosting the speech? What determines how much they are compensated for the speech? Can the hosts or the posters predict their value flows?
NOSTR is by far a less effective protocol vs. bitcoin. Worse protocol but still important. Speaks more to the perfection of Bitcoin vs. a strong criticism of NOSTR.
Bitcoin is a protocol that fixes the world by aligning participants’ financial incentives to increase productivity in energy & computing.
NOSTR is a decentralized protocol that enables free speech. But who gets paid and how still has to be figured out by centralized (even if they’re benevolent) actors.
I don’t understand your point. One can post something for sale on #Nostr and a peer can decide to agree to buy it. Peer to peer. And use Nostr‘s #Bitcoin integration to pay, peer to peer. Where is the third party required? The two key problems that were solved for different purposes, was the Byzantine generals problem via decentralized proof of work with #Bitcoin, and the censorship resistance via decentralized relays with Nostr. No?
