Telegram always glowed like a honeytrap to me. It masquerades as privacy/freedom tech, but it is not so.

To your last point about where to allocate capital: Invest in content creators and/or users who migrate to freedom tech. The lack of algorithm-fueled dopamine hits will leave the average user bored and cause a loss of interest. Engagement, zaps, interesting content, and easy onboarding will make a "normie migration" far more likely. Nostr is currently a giant circle of jerks pontificating about bitcoin, crypto, and like this post, freedom tech. Platforms like this need content creators who bring diverse ideas and opinions to create real conversation. Sponsoring (paying) content creators whom you may disagree with, but who already have a following, to come on protocols like nostr will drive a network effect of engagement and adoption.

And hey, you may get more #bitcoin adoption while you're at it.