Oddbean new post about login | logout Good example of what nostr is up against in appealing to people. Here’s a bitcoiner with 150K follower on X, posting content for a niche audience, earning $1200 every 2 weeks. Centralized and KYC, yes, but that’s a decent side hustle, and in some places that’s a full time income. How does nostr appeal to creators so they want to spend more time here? This guy’s last post on nostr was nearly a year ago 🥲 https://m.primal.net/MfRX.jpg
Sometimes people prefer fiat over decentralization
On TikTok this works for creators untill it doesn't. They do large payouts to some so they'll brag about it and everyone thinks they have a chance. Also the algorithm can block their earnings whenever it wants. Or suspend their account etc.
Right, it works until it doesn’t. Nostr is better in my view. But until it doesn’t work for someone I can see why they’d stay there.
We don't need them to #grownostr. The biggest TikTokers were nobodies on the other apps. Most people successful on X don't excel on the other apps. Etc. Nostr will elevate new voices. Voices that don't want/need a central authority validating them.
You are probably right. It is a different paradigm here, and what works on other platforms doesn’t necessarily work here. Not a bad thing. Just different. As some of the clients are starting to mature into very user friendly apps, I hope we see a bit more growth in adoption and use by creators. Nostr is incredible and I believe it can be a powerful vehicle for artists/creators to connect with their audiences.
I agree! I've tried to get many friends who are journalists, activists, comedians, and artists to join. It's just too early. They have no interest. They are so tired from feeding the algorithms they know they literally say to me "I don't have time to learn a new platform". And that's ok. We have a lot to build! No need to rush it. They'll eventually come. Everyone will.
💯💜🫂
I made over 10k satoshis writing a piece about my trip to El Salvador on NOSTR. NOSTR ONLY!
I believe the promise/potential on nostr is far beyond what X can do, but I think something needs to jumpstart it. I wonder if organic growth is going to happen fast enough and with enough scale.
The amount that's been accomplished in just the year Ive been here is so impressive I have no doubt it will continue to thrive. In the meantime, I've met some amazing people, had a few laughs, and participated in a burgeoning bitcoin economy. Since I'm not a programmer, I'll just be thankful for now and zap until my sack is empty.
I am committed to nostr. This is where I post and create. It has progressed exponentially in the past 2 years. I hope that continues and I’m confident that it will. Just observing the reality of what other platforms are offering and thinking what it will take for nostr to compete for attention. Creators will bring audiences. How can we appeal to creators financially? It would be cool to see a cashapp or similar company throw some real money into sponsoring creators/artists to devote themselves to nostr and try to bring their audiences here.
Its hard because on the one hand creatives have to give some shit away for free to get interest and then paywall other shit to paid. As with everything, sponsorship will wiggle its way in as participation grows which will generate money and more participation. I want a world where creatives can thrive so I can enjoy their outputs. I can imagine sponsoring something I'm into in the future. Maybe an OpenSats-type fund for creatives would be cool. An Endowment for NOSTR Art
My thinking is along the same lines.
Rather be here making nothing. knowing what they do and how they're using X accounts. Now crypto .com merging with X. Free premium subscription if you use crypto .com credit card soon the Twitter we loved will just be a government agents social wallet app and slowy fade away like fakebook did....No thanks #nostr #bitcoin
Do you work for a living at a fiat job?
No way Jose, I'm a starving artist trying to stack sats and I volunteer caretake for 85 year old elderly alzheimers dementia patient family. We live on set income and get fkd around by the fiat scaming ass bankers. I turn every dollar of fiat I can into #bitcoin and put all over the place. Fuck fiat. lol
It will take time, more plebs more zaps, no waiting for a 3rd party to pay you here. Now is the time to keep building. 💪
A small Zap from a pleb is higher signal than a corpo payout. The value is the content and not the ads. Which means the message is a more pure signal. We are winning.
Nostr is better. It’s why I’m here. But $2400/month is not insignificant and I can see why a creator would focus their time there. Easy enough to take that and buy sats if they want sats instead.
It's hard to be the glitch you want to see in the matrix.
💯 all the more reason to support people who are devoting their time and talents here 💜🫡
absolutely agree
This is true, but what happens if musk decides he wants to change policies or sells it, or the algorithms change… I understand spending the time posting there and engaging over there, but it isn’t hard to copy and paste it to nostr and try to build a big following here as well… yes we don’t have the same numbers of any of the legacy platforms right now, but someday…
Definitely it only works on other platforms until it doesn’t. But for someone making $2400/month posting on X, I’d say nostr is going to be a hard sell until they have no other choice.
And I understand that, but I still say, it’s not that hard to just copy and post the same here, especially since so many of the social media apps here are Twitter copies… just to build a following here as it grows too… right now it be hard to make nostr profitable on btc posts because it’s already flooded with btc notes, but after it equalizes someday he could be one of the top follows here if he starts early… ultimately I really don’t care, but it just feels like narrowing vision on his behalf… I’m sure people thought google adwords revenue was going be forever at one time too
Personally I hate copy/pasted cross posting, and generally it’s a bad strategy for creators. Wasted time. You always spend more time on a particular platform than other, and what works on one does not work on the next. What earns engagement and revenue on X doesn’t work the same on Nostr. We’ve seen that time and again with Bitcoin influencers who come here and get frustrated and leave. Cross posting may earn him a few sats, but he’s not going to build community and genuine connections without spending real time here and ultimately that’s what’s going to be the winning strategy here.
Agreed, but it’s an idea of doing something instead of nothing
True 😂
Yup… imo, this an echo chamber protocol atm 💀 Occasionally, I open Damus to scroll and check around, but man… it’s DEAD AF here 🤣 There’s just no killer app yet…
yep and it is harder if the content on here isn't specifically BTC related
It is a fairly niche audience here for sure.
The sad reality is he's sold out all his followers to advertisers, as that is his true boss. Doubly sad that his followers are OK with this.
Potentially. Has he had to change his content because of this? I have no idea but that pressure probably exists, or at least is a looming concern.
Sponsorship = Censorship.
It can mean that. Doesn’t have to, but it definitely increases the likelihood of it vs. being totally self-supporting.
whats the point?
Are you dumb? The digital creator economy is huge. Nostr has a lot of potential to be better for creators. Technologically it already is, but the bottom line is what matters more when it comes time to pay bills or stack sats.
if the bottom line is to pay the bills then the drug dealers would be the best of it.. are you dumb to compare fiat incomes through social media accounts? ever heard of free market? if ppl dont buy it here but they do on Twitter then Twitter is the marketplace. nostr having more potential than any other social media platform has nothing to do with this i take your note as a wish, otherwise its pointless populist mumbojumbo
So what your saying is that you guys should zap me more. I agree
Yes
“Show me the incentives and I’ll tell you the behaviour..” On X you get rewarded for engagement, so the behaviour is to post the most controversial, rage-baiting comments. (Couple I’ve seen recently attached.. no value added, just inflaming comments to goad people into replying) On Nostr, you get rewarded for thoughtful or helpful posts, so the behaviour is to go out of your way to help people; trolling and negativity is rarely zapped! It’s a self-regulating system like bitcoin.. It will take time, but I believe that in the end #value4value wins. https://m.primal.net/MfTO.jpg
I agree with you. What I’m asking is, how does nostr compete? Or can it not? Are the paradigms too different? $2400/month is not insignificant. Many of us here will spend hours a day at a job we can’t wait to leave just so we can pay our bills, and then we use nostr in our downtime. Is this any different?
Mmm.. I hear ya! It’s frustrating to watch others profit by selling out to the fiat advertisers. 😤 But “those that live by the algorithm will die by the algorithm.” It’s all gone if the algorithm changes, or they are deplatformed, or the advertisers dry up.. Stick to your PoW. 💪 in the end Bitcoin wins. Value 4 value wins. Nostr wins.
All in all I agree, and I’m excited about Nostr’s potential. It’s already blown me away. Value 4 value fits well with my personality and values, and I believe it results in more authentic experiences for everyone. I think of what you talked about as being similar to a job. Work policies (the algo) can change, or your boss can fire you (deplatformed). Always a risk of losing your income, no matter the source. My wife experienced that earlier this year when her company abruptly let her go and our family had to make some major adjustments during her transition to something else. For people who rely heavily on digital platforms for their income, I can understand their reluctance to make the shift to a new paradigm unless they absolutely have to.
Are you even a "real" Bitcoin content creator if you are not on Nostr? I mean, I'd rather get a few sats than fiat. Yes he can always buy sats but he still earned fiat not Bitcoin. On Nostr you earn BTC and that it is just mind blowing!
Do you work a fiat job earning a regular recurring paycheck?
Nope, housewife, mother and homesteader.
Your family has no fiat income at all?
Let's just say a minimilistic life is very doable ✌.
Not arguing that, and kudos to you. Living the dream 💜🫂 My point wasn’t to dig into your life 😅 but rather that for any bitcoiner depending on a “fiat job” to pay the bills and save sats for the future (which is most bitcoiners), creating content on platforms like X or Tiktok may simply be comparable to clocking in at some shit job you can’t wait to leave for something better. Nostr is better, but the earning potential for creators here is not such that they can leave other platforms behind.
Agree. But I know how fast social media income can just dissapear. I made a proper income by sewing goods solely on through Facebook and suddenly I went from 600-700 people seeing a post to 20 if I'm lluckily. Facebook killed my business, but again I build it on a platform controlles by someone else. Algorithms and ads will eventually kill the creator. It will be good to at least use Nostr as well, because Nostr will be getting bigger and better. In the beginning people did not want Bitcoin and now businesses are buying it. The best part is, if content creators start building their following now on Nostr, they will have a head start above others. Sometimes we invest our time into something that does not pay in the beginning but if you keep at it, it will eventually.
nonetheless, he's earning altcoin in a totally fiat mechanism. yes, he has to pay bills, and this is a fiat justification
I'm suspicious of anyone that doesn't have an npub but at the same time I give some benefit of the doubt. They might not have heard anything interesting about nostr yet even if they have heard of it. Crypto minded people might think it sounds pointless at first because it's not blockchain-based or p2p. They still have time to realize it's a good idea to get here before the issues are all fixed, instead of only after
App builds cool features to attract users -> user base attracts advertisers -> app caters to advertisers so creators leave -> app creates incentives for creators to stay I’m learning that advertising dollars are crazy, stupid money I’m sure there will be clients that start implementing ads as grants become thinner and thinner and then that revenue can be further shared with content creators in addition to zaps and other unique monetization methods And then there will be premium subscriptions to hide ads and a portion of that revenue will also be given out to creators that have high engagement like yourself It starts developers building cool features and creators posting great content that don’t exist anywhere else Look, I’m not a fan of ads, but it’s a proven model the market has adopted And the reality is this: Nostr clients are way more lightweight than legacy social media clients, which means Nostr can share a much higher percentage of ad revenue where traditional clients eventually won’t be able to because the overhead is too great Basically what I’m saying is https://media.tenor.com/6bClWBmpcYYAAAAC/lagarde-christine.gif
Case in point: Instagram employs over 20,000 people We have @PABLOF7z Nostr is a deflationary technology that allows smaller builders to reach larger audiences without the same risks that came with centralizing data that required ever growing oversight It’s early days, friend https://image.nostr.build/efa57ec5f1d0c7d3f592576e81dc37b69a4618a21d43b1cd49529171aaac2798.jpg
To be fair, Pablo is equivalent to at least 21 of IG’s engineers 😂
Oh it will come for sure. Sooner than later I imagine.
The best content creators work for the audience and the connections, not for the money. As connections happen here, the money will follow. Ideally, nostr apps that excessively integrate advertising will eventually be outcompeted by ones that leave it to individuals to deal with for themselves. Have the advertiser pay the poster to advertise the product, instead of the app as a middleman paying the poster to attract people to its ads.
Nostr already has zaps, invoices, etc. and a host of awesome social media features, and a UX that keeps getting better. We primarily just need more people to hop over, and that will happen over time, especially as UX gets easier and higher quality and as we introduce friends to the platform. What nostr might need in addition to that is a patreon- or onlyfans- or subscribestar-like locked content note that you pay sats to access, to help monetize things and drive efficient pricing and such. Posters would not need to put everything behind a paywall, and each individual could tailor a strategy to their unique community. Perhaps we could also incorporate an advertisement NIP that allows users to turn on or off ads, ads that creators would choose to incorporate into their notes. These would be completely optional and individually selected, rather than chosen by a spy corporation trying to pry on us. This might or might not be the best idea.
I agree. More tools for creators to monetize is a good thing. It gives options, and certain approaches probably work better for certain types of content. It will be interesting to see when and how advertising finds its way into Nostr.
People don't want to pay creators. Get it thru your heads.
Simple. With the same model. People pay for reach (advertisers, boosters, even new accounts). That will NEVER change. So take that money, and fund: -Creators -Clients -Relays And hell, even fund the consumers of content with it. Get paid to view ads. Don't want ads? Turn them off and get no money. I'm already trying to plan this out but need to understand the lay of the land more. This is how you #GrowNostr
The answer probably is, it can't. There's no incentive for that guy to leave Twitter. There's more of an incentive that someone already on nostr or a nostr newcomer comes here and starts developing a following. They'll probably never get any attention on Twitter because they are small fish in a small pond. Here, they might get some traction.
I do wonder if that’s the answer, that it simply can’t compete in the same way. Maybe it doesn’t need to, though. The creator incentives on platforms like X are designed around them generating advertising revenue for the platform via engagement with their followers. Nostr is a different paradigm.
Totally feel you on that! 🤔 Maybe it’s not about competing at all. Nostr's vibe is just so different, and it’s all about creators doing their thing without the ad hustle. Each platform has its own game, and that's cool! 💯✨ #DifferentParadigms
The algorithm already favors him and he has his community, there is no way he wants to start from scratch somewhere else and with more competition (in Nostr we all monetize) leaving those privileges
💯 Ironically a lot of people post his memes here and get zapped for them 🤣
build a bridge to X so that it doesn't matter which app we are using.
$1200?!?!! Nutty
Right?? 🤯
you could be the pioneer here.. offer some paid advertising spots in-between your posts? then hodl and get those royalties. 😎
