exactly the same way that bitcoin breaks seigniorage, which is a central bank gatekeeping the money supply, nostr breaks the network effect by returning that dividend to those who provide value to the network, proportionally to the value they provide.
I'm guilty of this in the last day, that's probably me.
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+1 for kaboomracks, but unfortunately yes to the telegram aspect.
I think we agree on this. there's decentralization in theory or by design and then there's decentralization in practice.
bitcoin is no different here. the vast majority of all holders are using custodial services like coinbase, and in some circumstances, that's no better than having your money in a bank.
and yet, I'd argue that bitcoin makes the point and shows the path, even if most will never walk it. the option is there, and those that wish to, can use it. but I also believe that more and more people will take that path over time, and if we're not out there clearing it, they definitely won't. nostr may have no real impact on the bulk of people who use social networks and communications.
but as you say, we're here for that. so whether the crowd jumps on right away or not, nostr still breaks the network effect for those who use it. just like bitcoin doesn't break seigniorage for those who don't hold it.
I heard you on the nostrovia podcast, and now I understand more what you're after with NIP-65. I had not been keeping up with new protocol developments. I'm going to keep reading, thinking, and working things out, but I think you are pushing things the right direction here. thank you.
https://nostr.directory/ #[0] is beautiful and amazingly useful. this has to be one of the best onramps for new nostriches to find their bearings
I'm glad we seem to be past the eternal mic-check phase of nostr.
"helllo can you hear me? test one, test two. check. check."
there is a `.nostr` directory containing a `settings.json`, it's in there. here's what it looks like from the repo:
https://github.com/Cameri/nostream/blob/main/.nostr.local/settings.json
only the one in your deployed relay won't have the trailing `.local` on it
that's absolutely a valid point. the audience is tricky.
I'll use twitter as the example of an owned network, and analogize to nostr terms. they have all the relays, and no one can stand up their own relays. they custody all private keys, and can magically prevent random people from creating their own key pairs.
the nth node adds n-1 (potential) new connections to the network. this is the source of the exponential growth, what we mean by "network effect". in the twitter example, they own the network, and as such, they can monetize or not all the value that arises from that growth.
under the nostr protocol, it is not possible to own the network itself. the nth pubkey still provides n-1 possible new connections to the network, but no single entity can monopolize the returns from that growth.
in the example of a large relay with a lot of audience, there is certainly an incentive to use them, but they can't block you from taking your network connections to another relay. since switching costs are so low here (from the perspective of the reader), just add another relay to read from, it's hard to argue that any one relay will be able to exert much force in keeping their audience captive.
but absolutely if the pay-to-relay phenomenon takes off and spam is so bad that prices go way up, the audiences become stickier. so it's worth thinking through all these scenarios.
would you agree that an innovation of nostr is to break centralized ownership of the network?
tell them that, just as bitcoin breaks seigniorage by distributing those gains to holders, nostr breaks the network effect lockin by distributing the exponential growth benefits to the user/owners of the protocol, proportionally to the value they provide the network.