ShortSimon on Nostr: Nostr is a groundbreaking development in decentralised communication technology and ...

Nostr is a groundbreaking development in decentralised communication technology and has the potential to become the next layer of the internet. It empowers users with self sovereign identity, ensuring that they own and control their own data. User profiles on Nostr are easily transferrable between Nostr applications and bitcoin lightning payments are native to the protocol, transforming ‘likes’ for posts into tangible rewards for quality work. It offers the potential for a new approach to content monetisation system on the internet, using a system of crowdfunding with micropayments. Creators will have the opportunity to set themselves free from the advertising and subscription models that have come to dominate the internet. The power to control what we see and do online has been concentrated into the hands of a few very large media platforms whose scale and networks effects make it hard to complete. Creators have had no choice but to publish on these platforms where they earn small fractions of one cent per stream. Nostr makes it possible for independent creators to earn revenue from discrete peer to peer payments for content with very low transaction costs.