It is more nuanced than that. The nostr ecosystem (technology infrastructure) is amazing and evolving. My automated trading software will be using Nostr nsec to secure core user data. I will have to add other protocols in the future. Already have a working zero knowledge trust layer built alongside nostr.
As a social media experience, the energy put into posting, the lack of interaction and the types of responses is abject. Woeful even.
Yet, a key benefit is you can set up your own relay and become a provider of content. Data isn't lost.
At the same time, X has suspended multiple accounts of mine over the years, and still to this day, despite all the Elon fanboys - shadowbans and protects certain accounts. Even paid accounts does little compared to the older times of Twitter.
As a data expert, I know what nostr needs but given current projects cannot put time into it.
The other issue is the over-bitcoinisation (yes, I know you're a bitcoin maxi 😄) and technology focus on Nostr. You have to be a tech guru to get more benefit from nostr.
