I don’t like to gloat at the demise of others, & in a free market each to their own
But at the same time, SEC regulations are pretty clear, howey test etc, so they knew all along it was illegal, plus the idea of advertising to people financial freedom, taking those funds to pump their own token, stinks of dis-honesty
Interesting. Never heard that before
Could well be!
GM
Watching your wife work their way through the physical, emotional, and spiritual experience that is pregnancy, childbirth, and breastfeeding, really is awe-inspiring
🙏🏻
Congrats on all the progress Gabriel
Look forward to tuning in
Nice. So a service based business, with a high value connections list, can give exposure to the right people in the right place, for a fee
Makes sense
Indeed, it’s actually much more social than say a paid ad on IG… Richer relationship potential right there, which I would hazard a guess means higher LTV of any customers acquired
Interesting
Can it survive without business models that work?
I guess that’s the question I was trying to get to!
In the same way that companies (MSTR etc) now have equity analysts looking for BTC/share
I wonder if digital nomads (or any person looking for a better life) will start looking at BTC/citizen
Great stat on Bhutan
nostr:note13v73k68afcfrccmssxyz36j8p5wp9cft96kkkssf37xdeypmz4rshrvypm
Maybe. I don’t think so though
Just a case of incentive
Value is subjective, so if I want to, I spend my money
No need for surveillance capitalism in that sense
BUT some people figured out they could create digital monopolies, a “safe and convenient” place for people to socialise, & sell the data to advertisers on the back-end
Yes so the v4v model for sure is one way
Interesting. So relay providers can utilise that similar model in which you provide convenience, UX etc, in exchange for data
The user becomes the product again in a way (but to a far lesser extent given one can create their own relay, or just not use yours)
What’s the market for selling this data like so far?
nostr has no global source of truth, and that is a good thing
Out of interest, I follow the progress of a lot of other projects similar to nostr, and a couple links surfaced today:
BlueSky has a big "firehose" connection that streams all updates (new posts, reactions, etc) to subscribers. Unsurprisingly, this is difficult to process except on beefy servers with lots of bandwidth. So, one proposed solution is to strip out all that pesky cryptography (signatures, merkle tree data, etc): https://jazco.dev/2024/09/24/jetstream/
And over on Farcaster, keeping their hubs in sync is too difficult, so they want to make all posts globally sequenced, like a blockchain. The details are still being worked out, but I think it's safe to assume there will be a privileged global sequencer who decides on this ordering (and possibly which posts are included at all): https://github.com/farcasterxyz/protocol/discussions/193
In my opinion, both of these issues are symptoms of an underlying errant philosophy. These projects both want there to be a global source of truth: A single place you can go to guarantee you're seeing all the posts on a thread, from a particular user, etc. On BlueSky that is https://bluesky.app and on Farcaster that is https://warpcast.com .
Advocates of each of these projects of course would dispute this, pointing out that you could always self-host, or somehow avoid depending on their semi-official infrastructure, but the truth is that if you're not on bluesky.app or warpcast.com, you don't exist, and nobody cares that you don't exist.
nostr has eschewed the concept of global source of truth. You can't necessarily be sure you are seeing everything. Conversations may sometimes get fragmented, posts may disappear, and there may be the occasional bout of confusion and chaos. There is no official or semi-official nostr website, app, or relay, and this is a good thing. It means we are actually building a decentralised protocol, not just acting out decentralisation theatre, or pretending we'll get there eventually and that the ends justify the means.
Back when computers were primitive and professional data-centres didn't exist, it was impossible to build mega-apps like Twitter. Protocols had to be decentralised by default -- there was simply no other way. We can learn a lot by looking back to protocols of yesteryear, like Usenet and IRC, and still-popular protocols like email and HTTP. None of these assume global sources of truth, and they are stronger and better for it, as is nostr.
Went to send you a zap, but says not setup… get on it sir!
Great note. Thanks. I like learning from people clued into the technical side
It’s not something that come naturally to me
As a commercial person… how did those older protocols make money?
Ie, is there a historical business model, or models, that we could mimic?
Everyday I spend on Nostr I learn something new about it
More often than not it’s yet further clarification it’s the place to be
Thank you all
GN
Have yet to visit SF. Always wanted to growing up in UK. Sounded the best place in US…
What’s the biggest change since you grew up there?
Also, we all change, sure it’s not you? Rather than the city itself?
IG, TikTok, YT, they all sell data, ie companies seeking to advertise, as their major revenue model
Nostr is different. The user controls their data and audience. If that’s the case, what’s the business model of choice?
So if you can’t sell Nostr users data, how do you make a business with it?
Pretty cool how the developers building Nostr are also users
Much superior incentive alignment to legacy social media platforms
How many Facebook developers are heavy users themselves?
Well they wouldn’t want to undermine their own currency, which as a communist state is key to their manifesto
Saying that, I bet their are all sorts of capital leakage avenues, off market of course, in which party officials are making as much money as they can
Think off shore companies. Relatives as dormant shareholders. Etc etc which if true they wouldn’t need a nation state as a front
Who knows! All guess work