JeffG on Nostr: I love this call out. 🤙 When I first found Nostr, I spent a lot of time thinking ...
I love this call out. 🤙
When I first found Nostr, I spent a lot of time thinking about monetization and the implications of an open protocol approach to the internet. The last 20 years has been built entirely on a model of captured network effects which drive monopolies and VCs who are happy with a 90%+ failure rate in their investments because they know that when these monopolies succeed, they end up owning an absurdly profitable and defensible business.
It's my belief that Nostr is going to drive many much smaller, but still profitable and sustainable businesses. In a way, it'll be a return to a world dominated by small and medium businesses each serving their customers directly with product and services that those customers appreciate and pay for.
Whatever the long-term outcome, I'm with you on the need for intense experimentation with pricing for most/all Nostr projects. We need to treat these as businesses, not just hobbies.
When I first found Nostr, I spent a lot of time thinking about monetization and the implications of an open protocol approach to the internet. The last 20 years has been built entirely on a model of captured network effects which drive monopolies and VCs who are happy with a 90%+ failure rate in their investments because they know that when these monopolies succeed, they end up owning an absurdly profitable and defensible business.
It's my belief that Nostr is going to drive many much smaller, but still profitable and sustainable businesses. In a way, it'll be a return to a world dominated by small and medium businesses each serving their customers directly with product and services that those customers appreciate and pay for.
Whatever the long-term outcome, I'm with you on the need for intense experimentation with pricing for most/all Nostr projects. We need to treat these as businesses, not just hobbies.