latrica on Nostr: 🫂 Thanks for sharing. I read the information from the link you provided. Here are ...
🫂 Thanks for sharing. I read the information from the link you provided. Here are my thoughts.
It sounds like another story of greed and ego. Just like the WeWork post I recently made about greed. It never fails that a good thing turns bad because of…money and pride. I don’t want to see this happen to Nostr.
From my understanding, Fiatjaf created the protocol. Is Nostr for sale and available for a private equity firm to buy in to?
Private equity companies have the means and will happily fund projects that will generate great returns. My concern is that they’ll create a key component of the Nostr ecosystem. That component /feature is then used to help create app/clients. Right now it’s free, but it could be monetized later because it’s secretly part of the investment strategy. If developers don’t pay for it, then they could be denied access and their app/client will not work properly.
There’s nothing stopping firms from contributing to the Nostr ecosystem today. And then changing their mind later.
I think the focus right now should be on continuing the grassroots efforts to build apps/clients, collaboration, teamwork, and support. Creating a real life web of trust of individuals who have bought into Nostr and its future. Currently, Nostr is grassroots. I like it. But the startups and investment firms with loads of cash are on their way (if they’re not secretly here already). And it’s nothing for them to roll out a premier Nostr app within six months. Get their marketing and sales team to promote it. Convince celebrities and influencers to use it. Onboard new users in droves. Conveniently not recommended other Nostr apps unless it benefits them. And the people currently putting in the grassroots work on Nostr (there are too many to name) will be looking like…😔. Responding in ways similar to when users in Brazil went to BlueSky. 😑
The idea of a Nostr foundation sounds great. I know OpenSats and other organizations contribute to Nostr. But can there be a dedicated Nostr foundation that contributes to the things built on Nostr? Will the foundation have enough funds to form great teams and pay them? I believe in paying people appropriately for their hard work. I don’t believe in just asking for favors. There’s *value* in people’s labor, ideas, and contributions.
Then the question is…who will fund the foundation? Donors? Investors? Private equity companies with good intentions? Users? Donors usually contribute because they care. Investors *typically* are financially driven. I’m sure there are investors with good intentions but they’re rare and hard to find. Trust me. I know.
By the way, I like your posts. You ask good thought provoking questions and share interesting ideas. ✨
It sounds like another story of greed and ego. Just like the WeWork post I recently made about greed. It never fails that a good thing turns bad because of…money and pride. I don’t want to see this happen to Nostr.
From my understanding, Fiatjaf created the protocol. Is Nostr for sale and available for a private equity firm to buy in to?
Private equity companies have the means and will happily fund projects that will generate great returns. My concern is that they’ll create a key component of the Nostr ecosystem. That component /feature is then used to help create app/clients. Right now it’s free, but it could be monetized later because it’s secretly part of the investment strategy. If developers don’t pay for it, then they could be denied access and their app/client will not work properly.
There’s nothing stopping firms from contributing to the Nostr ecosystem today. And then changing their mind later.
I think the focus right now should be on continuing the grassroots efforts to build apps/clients, collaboration, teamwork, and support. Creating a real life web of trust of individuals who have bought into Nostr and its future. Currently, Nostr is grassroots. I like it. But the startups and investment firms with loads of cash are on their way (if they’re not secretly here already). And it’s nothing for them to roll out a premier Nostr app within six months. Get their marketing and sales team to promote it. Convince celebrities and influencers to use it. Onboard new users in droves. Conveniently not recommended other Nostr apps unless it benefits them. And the people currently putting in the grassroots work on Nostr (there are too many to name) will be looking like…😔. Responding in ways similar to when users in Brazil went to BlueSky. 😑
The idea of a Nostr foundation sounds great. I know OpenSats and other organizations contribute to Nostr. But can there be a dedicated Nostr foundation that contributes to the things built on Nostr? Will the foundation have enough funds to form great teams and pay them? I believe in paying people appropriately for their hard work. I don’t believe in just asking for favors. There’s *value* in people’s labor, ideas, and contributions.
Then the question is…who will fund the foundation? Donors? Investors? Private equity companies with good intentions? Users? Donors usually contribute because they care. Investors *typically* are financially driven. I’m sure there are investors with good intentions but they’re rare and hard to find. Trust me. I know.
By the way, I like your posts. You ask good thought provoking questions and share interesting ideas. ✨
quoting note1uet…vccgThere’s tons of drama going on over in WordPress land. Private equity Silverlake has bought up and is running WP Engine. They’re apparently not contributing back to the WordPress Foundation as much as the foundation people think is fair. That much seems fine, but Mullenweg also seems to be wanting to completely destroy WP Engine to the point where his company Automatic can buy them up for pennies on the dollar. Getting companies to contribute to the open source the use seems good, but weaponizing trademark to try and destroy another company in the ecosystem seems really questionable.
It’s interesting to think about because we don’t have a Nostr foundation or trademark. How would we handle if private equity came in to the Nostr ecosystem and didn’t contribute? We don’t have clear expectations of the role of companies in the Nostr space, nor do we have a central company or foundation the way Word Press does.
I think it’s worth thinking about the best way to set up Nostr to handle this going forward. Many people here know the saga around Craig Wright and the struggle to define who and what bitcoin is… That feels somewhat similar as well.
What do people think is the best way to handle this?
https://www.therepository.email/mullenweg-threatens-corporate-takeover-of-wp-engine