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Replying to Avatar JeffG

I love this call out. 🤙

When I first found Nostr, I spent a lot of time thinking about monetization and the implications of an open protocol approach to the internet. The last 20 years has been built entirely on a model of captured network effects which drive monopolies and VCs who are happy with a 90%+ failure rate in their investments because they know that when these monopolies succeed, they end up owning an absurdly profitable and defensible business.

It's my belief that Nostr is going to drive many much smaller, but still profitable and sustainable businesses. In a way, it'll be a return to a world dominated by small and medium businesses each serving their customers directly with product and services that those customers appreciate and pay for.

Whatever the long-term outcome, I'm with you on the need for intense experimentation with pricing for most/all Nostr projects. We need to treat these as businesses, not just hobbies.

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Jeroen ✅ 2y ago

Your view on this new way of competition and no 'winner takes all' has been on my mind a lot since our last call. I really couldn't have thought of this myself and still have difficulty wrapping my head around what it means for the future, and how we should anticipate this. It's contradicting so much of what I've learned last year in my studies. Good stuff!

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