BTC Fiend ⚡ on Nostr: - Can Nostr eliminate or minimize our current online content paywalls? - Obviously ...
- Can Nostr eliminate or minimize our current online content paywalls?
- Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.
- The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?
- An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.
- small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.
- Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.
- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?
- The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).
- For Example, the Grateful Dead innovated a brand new music model & subsequent creation of an entire community in which they allowed their audience to freely record & trade bootlegs of their live concerts.
- This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time & resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.
- The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly & frictionlessly advance throughout the global online community.
- It frees users to pick and choose which specific information they want to support & donate to, on an article to article, or video to video, etc... basis.
- Users aren't locked into an all or nothing subscription based arrangement.
Curious to hear your thoughts, feel free to reply 👇
- Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.
- The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?
- An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.
- small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.
- Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.
- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?
- The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).
- For Example, the Grateful Dead innovated a brand new music model & subsequent creation of an entire community in which they allowed their audience to freely record & trade bootlegs of their live concerts.
- This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time & resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.
- The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly & frictionlessly advance throughout the global online community.
- It frees users to pick and choose which specific information they want to support & donate to, on an article to article, or video to video, etc... basis.
- Users aren't locked into an all or nothing subscription based arrangement.
Curious to hear your thoughts, feel free to reply 👇