I doubt we'll see nostr companies having hockey-stick valuation growth curves.
The main reason FAANGs experienced such valuation growth was due to the ability to siphon off most value accrued from network effects.
Network effects in nostr accrue directly to users. Data ownership implies users cannot be extorted.
Agree, the networks may see hockey stick growth, but not the companies associated with them.
Please Login to reply.
🤝
the fact that users cannot be extorted means that nostr companies MUST compete on adding value, instead of rent-seeking from the captured network effects
💯
Exactly this. And who knows, they might even end up with a better ROI as compared with the exploitative intermediary model.
