I think he doesn’t mean shouldn’t as a normative/ethical matter. He means that based on his experience with Twitter, he would say it creates fatal, or at least difficult, problems. 

 He’s obviously got perspective very few can claim. And it’s not ideal for a host of reasons, but depending on your vision, which I trust is grand, maybe it’s the right move. 

 Is jack  afraid of VC being a single point obstacle? Is there any other reason? I'm sure there will be big companies in Nostr in the future, so why not try venture capital 

 because some vc will push you do something stupid, eg: brc20. Not sure about bitcoin vc though. Never got a chance to deal with them. 

 VCs = quick returns, control by investors is limiting founders autonomy that can impact the long term vision. Also you giveaway huge % cut of your startup to the investors and you get almost nothing 

 Yes, capital has to be paid back. If in the early rounds of financing, the client can find a sustainable development model. You don't have to give up control to the VC. VC just allows the client to have more funds and time to support the client to find a profit model. If no client is found and fails, the VC loses money, but can contribute to Nostr's infrastructure. At least developers won't give up building Nostr for the sake of survival.

 Today, jack's donations also come from jack's profits in VC and capital markets. Before the business model of joint-stock enterprises is completely changed, we need to develop Nostr through the traditional capital market, after all, every developer needs to survive. 

 Splits and yours.


Friends don’t lie.
🕷️ 

 Flagged to kill running and get dirty.

🦇 https://image.nostr.build/7f4c65c1f58064f9d0d84993ba8810d3c1782c73db2ff7101bd688aac3d51187.jpg  

 The implication of bitcoin as a sound money will result in the breakdown of the VC/PE models AND will require large corporations to break up / sell assets to ensure their shareholders have risked returns that shine a little bit of a light when compared to bitcoin.

Bitcoin repricing money destroys the VC shotgun approach, the PE roll-up approach, and the public company quarterly performance focus. It breaks down the American mortgage market, insurance, and sovereign credit.

There will not be “big companies” in NOSTR in the future. Companies might use it but they won’t be “big” like anything close to what we have today. And the fund model will die a tortuous death and financeers used to tax-free carries on the back of their OpCos are out out of business. 

 I agree with Jack … all money seeking an exit is weak money and will lead you not where YOU want to go.

Is there another “product” you could incorporate into Damus? For example, I have a VERY basic podcast out there and - holy hell - the process to get everything started, hosted, loaded, etc. is a huge pain in the butt and is spread across several different platforms. I pay monthly for that service and I hate it… can you bring live stream, hosting, etc. to Damus somehow? I would be more inclined to podcast more and try harder if it wasn’t so dang confusing. 

 I don’t think that you need money from VC. 

You already have the tech and it’s working. I’m typing this using Damus. 

The issue is the business model. You can spend next year trying different business models to see which one scales. 

I’m happy to help brainstorm business model options and how to test them if you’re interested. 

 I thought social interaction = money like instagrams says 

 Zap splits was working, i just need an android client so i can continue doing that 

 I'll enable Zap splits on Damus Android 🥹 

 We need to book splits.

Random killing sprees are sick. 

 hm. 
i think this is the year to completely ditch Apple. 

 A lot of people would enable splits on Damus Android including myself. Seriously fuck Apple and their shiny walled garden, it's time.