I would say every social setting will have its pros and cons. One recent con of Nostr I experienced - homophobic hate speech.

… some other general cons - people talking about tech/finance/politics sounding like they have superiority complexes and just loving to use labels on people. While using all the good labels for themselves and their followers of course!

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I never understood the concept of hatespeech, what is it?

hate speech is basically abusive (violent) language, but not within an interpersonal relationship with one person. It’s directed to a group of people based on what you perceive their group identity to be.

It’s related to verbal abuse. Verbal abuse would be someone just targeting one individual though.