Nostr Web Client

One major problem I see with value 4 value model is unit bias. With fiat 1 USD sounds like a 1 - a small number to fork over. That’s like 5000 sats which to our brains seems like a lot.

Not sure what the fix is, but v4v may not offer good creator compensation.

Alex Sharp 2y ago

I don't think its a major issue, millions of people do every year when they travel to countries with lower valued currencies

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Discussion

Alex Sharp 2y ago

The user doesn't "have" to convert either. Apps can just tip 1 USD and behind the scenes it sends 5,000 sats

HoloKat 2y ago

Agree but if everyone is trying to move to a sats standard then it’s difficult to show other denominations

Alex Sharp 2y ago

I think we’re decades off that happening, it’ll be a slow transition

HoloKat 2y ago

Could be delayed even more if people think the model is crap