I keep getting this unspecified sign request from #[0]
What is this? And is it safe to just check the "remember my choice" box?
I don't see any indication that the zaps I received are in fact zaps in #[4]
Wonder why. I see zap counters on snort add my zap when I zap other notes on snort?
Thanks 🫂! I see the payment on wos , but no indication that it's a zap. Would be cool to see that right in the wallet.
Amount zapped is highly relevant data. Would be a shame not to use it.
So many use cases. For example seeing the amounts zapped, accounts could easily offer special prizes to the highest zapper after some time limit.
People will filter what they see to paid relays. Impersonators are easily blocked and their payment is forfeit. Impersonator business model dies.
Lightning 🤝 Nostr 🤝 Bitcoin
⚡💜🧡
This is going to burn more exchanges to the ground, isn't it?
Turns out open communication adoption is helpful for open money adoption. 🧡💜
Is there any good usage data that is being shared anywhere? I'd love to see charts with stuff like user growth by region, trending topics, etc.
Yeah, after posting this I've been thinking it makes more sense to implement this at the client level. With someone this complex is essential to see different gamification strategies competing in the parallel.
Definitely see this side of it as well.
Yeah, it does seem more complex the more I think about it. Would be cool though!
I was thinking it could all be implemented on the Nostr protocol. But I don't have any specific opinions on implementation details. Maybe Taro assets could play a role, I'm not sure.
Zap Collections
A gamified content monetization concept.
TL;DR
You "collect" notes by being the highest zapper. A beautiful view of your shiny zap collection is on display at your profile. Author's can attach special privileges to their notes for zap collectors to enjoy. Collected notes are transferable.
Bidding Process
Every new note becomes available for collection. Users zap a note to try to collect it. After some time limit has ended, the user that zapped the most sats collects the note, and a shiny collectible version shows up in their profile.
Clicking on a note shows:
- the amount time remaining for bidding
- total sats zapped
- leaderboard of top 3 zappers
Bidding Time
A 24 hour countdown bidding timer begins once the first zap is made on a note. The timer resets every time the leaderboard of the top 3 zappers changes. After 24 hours of the leaderboard not changing, the bidding ends. Zaps can continue after the bidding time has ended, but those zaps don’t count towards collecting the note. That note is already collected, and so must be purchased from the current collector.
Programmability
Content creators can grant special VIP access, discounts, or privileges to the collectors of their notes. For example, notes could grant the collector:
- backstage access at the musician’s concerts
- a free daily meal at the owner's restaurants
- the ability to schedule a 20 minute video call with the content creator
- a claim to the first prints of the author’s new books
Transferability
Collected notes and the special privileges associated with them can be transferred to a different collector. Content creators can specify a transfer limit for a specific note, as well as a transfer fee (i.e. 0% to 90%) that the author collects every time the note is transferred between collectors.
Clients
Zap Collections is a powerful monetization concept for clients. Not only could the client developers become desirable collectibles themselves, but users will flock to whatever clients curate the best content and user experience. Zaps are a powerful content filtering mechanism to leverage. I suspect client developers will produce desirable collectibles themselves not only because there is prestige for collectors to claim a bit of history that marks a particular bug fix, feature upgrade, or nation state censorship event, but developers could grant VIP privileges and premium features to their collectors.
Relays
Relay operator notes could become desirable collectibles by granting access and features to collectors.
Content Creators
Content creators are rewarded for creating content that is
- higher quality
- more evergreen
- loaded with cool VIP access privileges and features
Curators
Users are rewarded for being early to discover great content creators.
Hopefully this post helps get some creative juices flowing for how Nostr can do collectibles the right way.
cc
@#[0] @#[1] @#[2] @#[3] @#[4] @#[5] @#[6] @#[7]
I published a new macro article today: https://www.lynalden.com/broke-federal-reserve/
Since September 2022, the Fed has been operating at a financial loss. This article examines some of the ramifications of that. The main result is that money that would otherwise flow to the US Treasury now flows to US banks and money market funds instead.
Sharing it on Nostr today and Twitter tomorrow. ;)
Excellent article again, Lyn. Thank you. 🤙 These couple of lines helped a lot of this click in my mind:
The money that used to flow to the U.S. Treasury in remittances is now instead flowing to the U.S. commercial banking system.
They are basically “paying banks not to lend”
Streamlining my relay list is on my to-do list. Every time I have messed with my relays before I have run into trouble dropping followers and not seeing people I follow. So the plethora of public relays you see is the artifact of my ignorance. 😅
I am now. Paid relays only. It's beautiful 🤙 . Like a cyber song.
Nostr, paid relays, and Amethyst just solved the spam problem. Took 2 weeks for open development to silence the problem that has conquered Twitter for years. This is a big deal.
#[0] global feed is beautiful again. 🤙
These conversations where Bitcoin is solving real problems today are the most interesting to me right now. Thank you!
Bitcoin changes the foundational hardware layer of global computation from transistors to the power grid. H/t Jason Lowrey
Hadn't thought of this, but totally explains the sigh-of-relief-vibe I'm getting on Nostr. Everybody is ready to have some fun building.
A temporary blockspace consumer while blockspace is cheap that highlights the importance of small blocks.
Yeah, been tweaking my relays the past few days and am surprised by how much the experience changes.
I try to be all Zen reading stuff like this, but the truth is I get pissed.
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In person community is powerful. Love seeing this. Makes me want to be there.
thanks 🤙