Nostr memers, most of you have gotten lazy and it’s a sad thing to see. Probably 90% or more of the memes I see posted here, even by those of you who make good memes, are simply ripped off and recycled from 𝕏. No originality. No effort. Just laziness in the hopes of milking a few zaps from people. 😭
https://m.primal.net/JfKX.jpg
I love seeing good memes. Just gets disappointing when I then go to look up something on X and see the same dozen memes there that I saw on nostr and realize whoever posted them on nostr is just combing X for content instead of creating original content.
Follow the example of the OG bitcoiners. Practice self-custody. Transact p2p. Fight tooth and nail against Bitcoin backed banks. Wait…
https://m.primal.net/Ldgk.jpg
I’m not advocating for giving up custody. I’m not necessarily supporting whatever Saylor is suggesting either. I’m just pointing out that the idea of bitcoin backed banks is nearly as old as bitcoin. Hal seems to be talking about a type of ecash system here backed by bitcoin. But he also discusses some running fractional reserve, and some not, each with varying policies. Should we vilify Hal now?
Hal even referred to some bitcoin banks offering interest. 😅 I personally don’t want to give up custody of my sats in that way. I am currently ok using custodian for some smallish lightning payments such as zaps, but beyond that I custody everything else myself. I think everyone should learn how. And I think you’re right that those solutions will get better. But I also think some people are jumping to make Saylor a super villain but ignoring stuff like these statements made by Hal, who is otherwise revered.
What was Hal referring to when he mentioned interest rates there? Where is that interest coming from? Not saying I support the idea, but just bringing it up for discussion as it’s basically what Saylor is suggesting.
So everyone is just offended and butthurt and lashing out like little crybabies? I don’t like how Saylor said what he said, but ffs is everyone that sensitive?
Yea he brought this ire on himself and has made some insulting and stupid comments. Not saying he doesn’t deserve it. I’ve thrown a couple memes into the mix even 😂 But the substance of what he’s talking about is what I wish was being discussed more than just him making a douchey comment, because the idea of Bitcoin backed banking is not an idea Saylor invented, and here in that screenshot you have Hal even mentioning some offering interest and running fractional reserve.
💯 I think we’re on the same page. My post is more just a commentary on so many people being highly reactive (maybe overreactive?) to Saylor’s recent comments. I’m not a fan of his recent rhetoric, and found some of his comments off putting, but the overreaction by some feels like it’s more of an emotional response like they were just waiting for any reason to lash out, rather than actually discussing the issue itself.
Yea it seems to be about payments scaling, but he also mentions some running fractional reserve and offering interest in that same screenshot. So it’s clearly not only payments he was talking about.
Hal also referred to fractional reserve and interest rates if you read that whole post in the screenshot. Here’s the specific section on that 🤷♂️
https://m.primal.net/Ldmm.jpg
I’m sure it would change lending. And while the underlying bitcoin supply couldn’t be increased, if these banks issued their own currency backed by Bitcoin, which is what Hal suggested in that post, and he even went so far as to say some could be fractional reserve, then they could inflate the supply of that currency with which to to pay the interest on Bitcoin deposits. To be clear, I’m not advocating in favor of such a system as it feels to me like a stepping stone right back to where we are now with the fiat system. But I think the fact that so many bitcoiners are emotionally charged right now over what Saylor is suggesting, and yet here is Hal discussing it within a year of Bitcoin’s creation, it at least needs to be brought up and discussed intelligently rather than based purely on emotion.
Yea I’m not meaning that whatever Hal said here should be set in stone as gospel, but merely that it’s not a new topic and Saylor’s ideas probably aren’t all that novel about it. I won’t be depositing my sats anywhere either, for what it’s worth. Recent history has shown all too clearly the risks of chasing yield.
Correct me if I’m wrong but didn’t Saylor recently say that his goal is for Microstrategy to become a bitcoin bank? His statements about custody should come as no surprise. Be wary of becoming the source of anyone’s yield. Recent history makes the risks of doing so abundantly clear.
Things I don’t lose sleep over:
- What central bankers think of bitcoin.
- What politicians think of bitcoin.
- What billionaires think of bitcoin.
- What anyone on X thinks of nostr.
If Godzilla appeared out of the depths of the sea and I lived on the coast I might lose sleep too, but let’s talk about things that are realistic I she’s is imaginary threats.
I would make it less about making a mark, and more about saying what you have to say the way you want to say it. My best advice is to start using nostr and sharing your art here. Be authentic and consistent and present on nostr as much as you can make time to do so. Let people who already like your art in other places know how to find it and connect with you on nostr.
Nostr + Bitcoin gives small, independent artists (i.e., most artists) back control of their voice and audience online. It is not the super famous mainstream artists who will flock to nostr, at least initially. They enjoy the benefits of the large, algorithmic, ad-driven platforms. It is the small artists, who cannot feasibly compete for attention on those platforms, who need nostr and bitcoin, and will continue turning to it as they see how transformative it is in connecting with their audience and monetizing their content.
I think that’s what he was saying, I don’t want to speak for him. The way I read it was that small accounts will fare better monetizing on nostr, because large accounts on other platforms earn revenue from referrals, sponsorships, ads, etc. But it’s possible I read too much into it.
The only serious attempt I’ve seen is https://creatr.nostr.wine . I am not in favor of using paywalls this way, however, so I cannot speak to how effective it has been as I have not tried it. I think @𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞 tried it at one time. Maybe he has some insight.
A key point that makes nostr different is that even if nostr was huge, a niche artist with a relatively small audience could still easily monetize their content immediately among those who like their work. That’s not even possible at all on other platforms that have the power to play gatekeeper, and set minimum requirements on views/listens/followers before you are “eligible” to monetize.
That worked. Here’s my feedback:
- did you like this feed better than chronological
No, I prefer the chronological feed more. This one showed a mix of recent notes and older notes, which wasn’t necessarily a bad thing, but some that were nearly a month old and that’s too far back. I would only be interested in notes from perhaps the last day or two at most. And it only showed notes from a handful of of the same people.
- did it show you users you care about
Some of them were users I care about, but some were not. Some were people I don’t even follow. I would prefer it to be only notes from people I follow.
- did you find notes you didn't see before and glad you caught them here
No. The notes it showed were popular notes that get shared a lot anyway and so I already had seem them.
- were you confused why a certain post appeared, and please provide the note ID of any such cases
No, I wasn’t confused by any of the notes being included, besides preferring to only see notes from users I follow.
- did a user show up too often and you thought it was annoying
Yes. It was primarily posts from Odell, Walker, Gigi, Lyn, and NVK. As much as I may like them and their posts, there did seem to be a heavy representation of their content on the feed compared to other users.
- anything else you think will help me improve it
It would be more interesting if the notes shown were pulled from my own follows, or even better from those of my follows that I interact with most. But if it’s meant to surface other users that I don’t follow, then it would be good to show a variety of users and not simply the same popular notes by the same popular users shown on other trending feeds.
I believe providing artists, content creators, and merchants with the tools they need to connect with their audiences and publish/monetize/sell their work on nostr is where devs have a good chance of becoming more financially sustainable. Most people aren’t going to flock to a new social app to support their favorite devs (as much as I love and admire you devs, think how ridiculous that sounds anyway), but I believe many people would flock to a new social app to connect with and support their favorite artists/creators/writers. Provide an easy and streamlined way for creators to do their work and monetize it, and charge creators a fee, or take an agreed-upon split of zaps/payments, to access those premium features and analytics geared toward helping them with their business. Nostr is preferable to traditional content platforms because it mitigates the risks of middlemen having too much control over your content or seizing your “means of production” so to speak by banning or shadowbanning you, and coupled with bitcoin payments it further mitigates the risks associated with centralized payment systems. There are good generic social clients on each OS, but I believe there needs to be more specialization by enabling/empowering creators and entrepreneurs. This ought to become the primary focus of these social apps, because that in turn can drive more economic activity and user growth.
Or be the change YOU want to see. When was the last zap you sent for content? A month ago? Why have you been on nostr for nearly a year, supposedly spearheading V4V onboarding, lecturing me about being the change I want to see, and yet you yourself have sent a total of 2k sats total? You are a hypocrite and nos users should not be trusting you to help them achieve success with V4V.
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I appreciate that Nos has put effort toward recruiting creators but I hope that you can see the problem with your client not supporting sending zaps. If you are positioning yourselves as champions of artists/creators monetizing their content open nostr, then you need to offer payments in your app. Period. I cannot take Nos seriously currently because of that. Yes, it’s good that you mention Primal or other wallets to those you’re onboarding, but your own lack of support for the very feature that makes v4v work (payments) communicates that you don’t take it seriously, and that you would rather pawn that element of v4v off on others. This needs to be reconsidered and at a minimum implement profile zaps or some other payment service in Nos.
As for different regulations when it comes to crypto, I assume you are referring to capital gains taxes in some countries. The easiest way to avoid this is to use Strike, which allows you to link your Strike wallet to your bank account and then you can make bitcoin/lightning payments directly from your USD balance. Strike also gives you an @strike.me lightning address that supports receiving zaps, and you can opt to receive them automatically as USD instead of bitcoin if that’s someone’s preference. Those funds can then be easily withdrawn to your connected bank account, without the user ever touching bitcoin in the process. It honestly should be part of every nostr onboarding process where Strike is available.
Being limited to only using bitcoin payments for zaps has been one of my frustrations about v4v on nostr, because that hinges the success of it on bitcoin adoption. The solution then, if an artist wants to monetize content on nostr, is to either adjust what they’re publishing to appeal more to people here who zap (not ideal), onboard more people to bitcoin, and/or find ways to accept payments in ways other than bitcoin. The UX needs to continue improving in that regard as there is some friction there. But the promise of having access to a global audience with which you can freely communicate and send payments is powerful beyond anything else on the internet.
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Notes by corndalorian | export