20 sats \ 4 replies \ @mudbloodvonfrei 28 May 2023 \ on: The Zen of Stacking Sats On Stacker News bitcoin
I love the idea that there should be both a cost and a benefit to participating in "the internets", but I'd imagine that for most people here, SN is not the most time-efficient way to stack sats. I'd stack way more if I closed the tab and got my ass back to work and used my fiat salary to buy sats. The main benefit to being here is to learn from other members of a like-minded community, and hopefully help build a future where the incentive structure of participating in the internet does not tear society to shreds as a side effect.
I can't disagree with anything you said. This is not a cost efficient place to earn sats. It is a place to learn and build a community.
My purpose in writing the article was primarily to advise newcomers how to interact with the site. Earning sats is also nice, but you can't make a living here. Yet
I do think that things may change in the future, as the price of bitcoin increases in fiat terms, and each sat can buy you more of what you need to survive. I wonder how SN will look in 5-10 years.
Will it be a place where writers publish their work, rather than just a place to announce and publicize articles posted elsewhere? I don't know.
Can it be a place where people whose fiat currency has devalued to such an extent that a couple of thousand sats can make a difference in their lives? I think we're closer to that point.
I really believe that Stacker News has a great deal of potential.
reply
Oh I definitely think that the sats we're stacking now will have significant value in the future. As the value of a sat goes up presumably people would tip smaller amounts, so the early adopters have an advantage.
SN definitely has tremendous potential but I think it's only a piece of the puzzle. You can tip here, but it's optional. If I were a professional writer looking to make a living I'd want to have the option of charging per article. Not a revolutionary concept - just take the existing concept of a paywall and make it seamless. Charge per article and not per month. Ideally, I would be able to use the sats I already stacked by participating in SN or a similar site (this concept should totally be expanded to other topics, like gardening, etc) to pay for an article at a bitcoinized version of substack
reply
reply
I wouldn't mind a gardening sub either. Regarding pay walls, Im curious to know how substack writers do financially. For me, I avoid all media sites with pay walls unless I can 12ft the article. Maybe Im just cheap. I guess it's too early to tell whether value for value is viable.
reply