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Overview Articles Media Highlights

The fascinating thing about Dark Nostr is its emergent nature. This means it’s not something you can fully define or predict ahead of time; instead, it arises organically as decentralized systems are implemented and evolve.

Lightning is the common language of the emerging subnetworks. It’s the language of bitcoin.

If #Nostr is to be a place where people want to give of their scarce time and talent, then it needs to be rewarding in ways that meaningfully encourage them to do so. #Zaps are one powerful way to accomplish this.

Zaps were supposed to fix the problem of gaming/abusing likes or reposts, but Web of Trust fixes it better. Zaps are useful for sending value, so let’s use it to send actual value. 1 sat zaps are not much different from Like-spam and considering the technical overhead required for zaps and possibility for timeouts and failures it’s actually worse.

The one core concern, is quite simple: How do we enable

The one core concern, is quite simple: How do we enable the user to set the rules, and not a third party? In my opinion, this is all that distinguishes the ultimately good from the bad.

It is hard not to compare this situation to how financial institutions have exploited customer savings through fees and many other strategies by positioning themselves as “necessary” intermediaries, they extract substantial profits while offering comparatively minimal value.

It is hard not to compare this situation to how financial institutions have exploited customer savings through fees and many other strategies by positioning themselves as “necessary” intermediaries, they extract substantial profits while offering comparatively minimal value. This analogy holds up as both industries are primarily information-based (money is nothing more than information), and with the advent of the internet and Bitcoin, the cost of transmitting information has trended towards zero. Yet, these monopolies have managed to keep the price inflated.

In a way, The Nostr Report is itself a custom feed in this sense, published via a shared pubkey. It would also be possible to write a "client" that links your pubkey and email, and sends you a daily/weekly digest, tailored to your interests and social graph.

Yes, you can. That is the freedom afforded to you by bitcoin. You are free to trade your sats for a lesser amount of sats. It's just my opinion that you ought to at least understand that that's all you're doing.

Ad revenue is not a good indicator I believe.Ads are expensive for most advertisers (when you calculate cost per acquisition) and cheap for most content creators. The main reason is there is too much advertisement trying to catch attention, so it is race to the top for the advertisers, but actually not much is sold.Ads as a revenue model works for the top mass-market creators (think pop stars), it usually does not even cover the costs of (online) magazines.Most content creators actually make money by either affiliate programs that can be targeted better (but not always - for example the endless VPN ads in podcasts), or by selling the content directly.I don't think it makes sense to compare ad revenue to zaps as the only thing, because that is not how most content creators actually make money. Ads sell attention (in somehow unrelated way to the content), while zaps should capture the value created by the content itself.If I create interesting content and get paid for showing you an ad for hair shampoo, it is not related to the content. The point of value4value is to value the content itself, not your attention around the content.So I would personally rather compare zaps to how you can monetize content and not how people monetize attention, which sounds similar, but it's actually a very different business proposition.