On a similar note, how does one measure the LTV, or the value-to-growth ratio of other protocols?
Seems like applications would have better conceptual approaches to measuring and defining success.
Looking at the protocol level for metrics of success is a lot harder when the protocol doesn't aim to be entirely public.
All metrics are gameable.
With Bitcoin we have never had much of a perfect picture of value either. Value is perspective-based. Individually determined.
Definitely. Value can be much better defined and specified on the client level than on the protocol.
On the protocol - maybe active & returning npubs having repeatedly more than single type of engagement signals...
My point is more conceptual, you can always draw some sort of this schema for any tool or product:
*it's from this product development keynote "The alchemy and science of product metrics" - personal favorite recommendation for PMs; https://www.youtube.com/watch?v=xPT28IGDP_M
