Oddbean new post about login | logout have them buy more bitcoin
If you see longterm bitcoin gains as MRR, sure. I’m just wondering if we’re all missing something that the AI indie hackers are getting right.
Sadly, we can't compare AI apps to Bitcoin apps. AI gets attention like TikTok, and Bitcoin is like WordPress, powerful yet a grey area to ordinary folk. Jack is loaded, but even buying more Bitcoin isn't going to bridge the gap. It is about priorities in life, if you want money, you'd choose AI.
What if they need some sort of income stream in order to buy more bitcoin?
AI's independent hackers can earn income from their products, and they can buy Bitcoin. The problem is that Nostr's independent hackers' products cannot generate income, so they can't buy Bitcoin. And many Nostr developers invest time and sell Bitcoin to develop Nostr. For example, me. Please don't misunderstand that there are no complaints, because we are willing to pay for Nostr.
#metoo 🤷♀️ That said, AI is one of our main topics, and we actually see concrete potential for selling our services and products to customers who _aren't_ on Nostr. Including the AI stuff. The Nostr protocol allows for some interesting use cases that have relevance outside of us Nostriches. It's a solution to some very particular problems.
I know I’m a nobody but I think we have our incentives wrong
In what way?
In that we many companies offer an incentive to buy from them by offering a “discount” for transacting in btc and some are “spinning” that as they are “charging” an additional fee for accepting FIAT. I think a better business model is simply charging people the price you feel is appropriate and “fair” or the price you believe the market will support. If you want to really add an incentive for me to buy something from you, give me a share of the appreciated price of the bitcoin I give you for some time variable time period? This way we both benefit from the FIAT price going up, which also acts as a flywheel as the incentive is greater as the network becomes more valuable and it incentivizes me to keep using the network by first paying an honest price and second sharing in the possible future price.