He clearly wants the blue checks because of his financial app concept, he needs people KYCed for that moreso than he needs people to pay for access.

I don’t see any of those routes being successful though. He doesn’t have the patience to execute incrementally over ~3 years, he’s used to businesses where he pushes employees and they bend but he’s pushing his customers and hasn’t groked that they’re not gonna bend the same.

Reply to this note

Please Login to reply.

Discussion

So what do you think the end goal is you get a bunch of normies to KYC and then how do you monetise it? Maybe I'm a few too many steps behind here but I don't see the wider play here

Digital content, subscriptions, article paywalls - vision is basically to add financial rails between user’s social graphs and take a clip / provide services around it.

Basically he wants to take #nostr and centralise it. And he wants to do it with the fiat system using dollars or at least something convertible to dollars with legit on/off ramps. That means everyone has to be KYCed to participate.

Except imagine if nostr had like 5% lightning wallet penetration - there’d be practically no zaps right? Need wallets to be ubiquitous to make it work.

Well that’s what Xitter is facing. Sure the creators will KYC to get paid but people don’t want to validate their IDs just so they can ‘zap’ cents to some influencers tweet. Well without that they’re not economically connected to the social graph, basically the vast majority of the network is ‘unzappable’ so he’s gotta find a way to onboard them or it’s dead on arrival.