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Fortunately, Nostr doesn't have KYC, which is the one thing that keeps me from getting into Bitcoin. I really wish I bought early, not just because of the massive increase in value, but because KYC was significantly less of an issue early on. So yeah, I'd say Nostr has a leg up on Bitcoin in that regard.
↩ replying to GHOST
Here’s the thing. Nobody should feel demoralized because a million people didn’t just show up on Nostr because Xitter was cut off in Brazil. We were never going to see a flood of adoption like that, and if we had, most of them would have left within a day. The concepts behind Nostr are more complex and it takes a certain type of person to want to step through the looking glass. The reason the apps are janky is because experimentation is valued over conformity. The things that make it frustrating are the same things that make it awesome.
while i really love nostr and how it works the issue its monetization . While sats are great its not enough of an insentive popular accounts with 1M + followers make like 15k a month on X. While many people care about freedom and freedom of speech they can't live on freedom. This are just the realites of the world. Money makes the world go around. Now if there was any way to have adds linked to your key or whatever way it can be done nostr would skyrocket. Here is me hoping this happens as i want nothing more for nostr to be a huge success :)
↩ replying to SilverNeo
I don’t think monetization is an issue. I think the only thing preventing monetization like that is scale. While we don’t know impression numbers on Nostr, you will get paid about $4-8 per million impressions on X. Let’s take the upper range, $8/million impressions. On X, if you have 1.5 billion impressions in a month, you will make about $12,000 in revenue at $8/million impressions. Now let’s look at Nostr. Let’s say 0.5% of people zap a post with 21 sats. This means that for 1 million impressions, you will have 5000 zaps, totaling 105,000 sats. 105 ksat is around $61. This means you would be paid around $61 per million impressions. So, on Nostr, if you could pull in 1.5 billion impressions in a month, you would make around 157.5 Msat, or $91,300, if only 0.5% of viewers left a 21 sat zap. That is 7.6x as much as you would make on X. We are so early to Nostr. The most zapped posts are probably only getting thousands of impressions. I feel that the zap rate would be much higher than 0.5%, but if it were only 0.1%, you would still make more than on X. Ad revenue on X is a joke. Micropayments will destroy ad revenue based services. We will still see advertiser deals like you see on podcasts. Certain types of content, like videos, would see a higher rate of payment than simple tweet style posts.