Oddbean new post about login | logout Zap-shrinkflation will continue until we have #Bitcoin ATH again I dont make the rules nostr:note18y6lz6pdrw3vs9llzhajwsr59e7f42j49hzw6f48ys0ahg3msjtqh9kw4c
Bitcoin ATHs cause zap deflation When I joined, 1k and 4k sat zaps were very common because a dollar was 4k sats
People zapped more because it was new. Many zapped too much and its unsustainable. With time you find better way. In bear zaps worth less so they are fatter but in bull zaps are smaller but more plentiful, unless you didn’t stack enough, or zapped everything out like a noob
Ultimately it’s good that the novelty wears off and actual economic value exchanges occur. Whether that be content related, services and resources like relays/media hosts, physical goods, etc.
Likes and follows actually have value, but the returns are delayed. Same way zapping can eventually be more profitable than stacking. You have to work to expand your reach, to eventually acquire enough paying customers, to sustain a business. The feed is very thin during 🐻 markets, so any activity on Nostr will raise your reach disproportionally, within a short period of time. You are, for a time, the only thing "on".
