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Edward Lightninghands
b5d08aa2a0ec1d9748c71ae9922791d8a059c27e9c59dad0ea2814b37db3fb58
#Bitcoin made me a freedom maxi. Wannabe Nostr meme pioneer. #plebchain

I think the excitement of receiving even just a single sat is enough to make anyone more enthusiastic about the use-case of Bitcoin as Internet money.

People become junkies for the dopamine hit they get from likes on their social media posts; imagine how much more appealing and satisfying it will be to receive actual value instead of just social recognition.

Every zap received is an affirmation that this system works and is on the verge of changing commerce forever. It will surely be most effective on people who aren’t full Bitcoin maxis just yet.

Please keep doing Satoshi’s work, good sir 🙏

Bitcoin saved monetary policy, Lightning saved Bitcoin as a permissionless P2P digital cash solution.

The Zappening is playing out as we speak

Almost posted on Twitter yesterday before I realized that it’s genuinely a waste of time.

Here on Nostr where one can receive a zap, every note has potential for personal gain. High-quality notes are far more likely to be zapped than low-quality ones.

Acting in one’s self-interest on Nostr benefits all users. Wild! Talk about alignment of incentives. 🧡💜

No better day than today to fuck around and find out what’s happening on the #plebchain

Will follow & zap any Bitcoiners who reply 💜⚡️🧡

Are #zaps tax-deductible as charitable donations? 🤣

Deeply agree, sir.

I came up with a silly joke yesterday which I want to share with the Internet:

I CALL MY DICK “THE TRUTH”, NOT BECAUSE YOU CAN’T HANDLE IT, BUT BECAUSE YOU WON’T 🙄

How many hours of investment in learning do you think the average person will require in order to substantially grasp Bitcoin and its implications for the future?

My suspicion is a lot of people hop on board for the potential $$$ gains and stick around because it works, and are not getting any closer to understanding Bitcoin.

But anyone who is curious WHY “NgU” is bound to fall down the rabbit hole at some point. Slowly but surely, comprehension will spread.

You, sir… you get it. 🧡💜

It is only through studying Bitcoin that I have come to reject the notion of Intellectual Property. Ideas and knowledge are not scarce; they are not economic goods. Legally limiting their distribution is good for the creator but detriments humanity as a whole.

I cannot fathom how innovation and prosperity will blossom when people have stronger incentives to share with everyone than to gatekeep and only share with those willing to pay a minimum price.

Renaissance 2.0 incoming!?

A spore is ejected from a mushroom at a force of up to 50,000gs. For comparison, an astronaut experiences up to 3gs of force during a rocket launch…!

Replying to Avatar ₿TC Fiend

- Can Nostr eliminate or minimize our current online content paywalls?

- Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.

- The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?

- An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.

- small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.

- Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.

- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?

- The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).

- For Example, the Grateful Dead innovated a brand new music model & subsequent creation of an entire community in which they allowed their audience to freely record & trade bootlegs of their live concerts.

- This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time & resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.

- The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly & frictionlessly advance throughout the global online community.

- It frees users to pick and choose which specific information they want to support & donate to, on an article to article, or video to video, etc... basis.

- Users aren't locked into an all or nothing subscription based arrangement.

Curious to hear your thoughts, feel free to reply 👇

I find this compelling. I sincerely believe that this is a major advancement in e-commerce.

One thing I’d like to add is that with the paywall model, someone who really enjoys and wants to support the work will almost never end up paying more than the subscription price, whereas the LN enables payments far beyond the suggested donation.

For a great piece of content, it is plausible that a single donation from a supporter could exceed the entire revenue collected from thousands of paid subscribers.

You could write the best article of your life for your 2000 subscribers at 50c a pop and earn $1000. Under the #v4v model, each of those readers could easily be so impressed/appreciative that they donate $2 instead, quadrupling revenue. PLUS there is nothing stopping those readers from widely sharing the content and bringing in a new audience AND further donations.

It is deeply meritocratic and unbelievably exciting!

Agree you aren’t bullish enough! A day or two ago I made the outrageous claim that #[4] wasn’t bullish enough for hoping that BTC would reach $100M per coin.

It seems ludicrous, but my opinion is that the fiat system is way closer to collapsing than almost anyone realizes.