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372 sats \ 5 replies \ @rijndael 3 Jun 2023 \ on: Onlyfans has 50x more revenue than Substack. Why don’t we built a ⚡️ version? bitcoin
Its been done. It hasnt taken off.
Unless visa/mastercard cut off onlyfans, a lightning version will not be competitive.
Most of the people posting want dollars and probably dont care how the money gets to them. Most of the people paying have credit cards and dont know about or care about lightning.
People have credit cards and want to see content. People making the content are able to take credit cards via OF. Unless that changes, why would the content producers move to a platform with fewer potential buyers? Why would consumers move to a new payment method which is more expensive and more complicated when they already have something that works?
There have been a couple of sites launched that have been “onlyfans for lightning” (https://docs.starbackr.com/) and they haven’t worked out because they’re competing against something that works better for more people.
Onlyfans for lightning only makes sense if lightning makes kore economic sense for that market. Today, it does not.
I don't necessarily agree.
People who are "self employed" as "content creators" like OF but also twitch, youtube, patreon etc, rely on these centralized platforms in order to ensure their revenue stream into the future. They don't have to solely but often do just store most of their content on these platforms servers so they can have their past and future both rugged from them if they are banned.
These platforms have terms of services that are constantly moving the goal posts over time. One day, what they do might not be considered acceptable on their platform and then their tie to their revenue stream has been severed by a central authority.
Furthermore, I'm sure these platforms all take at least a little slice of every single pie, records and reports every cent you earn, and Lightning offers a whole other level of microtransactions that would change the game from mostly subscriptions to mostly pay per use... also haven't even mentioned privacy yet.
A lightning based OF/twitch/youtube could be beneficial for the content creator who sees a benefit in owning their own content, saving on platform fees, reducing chargebacks, conducting their business more privately, securing their future revenue stream etc.
It all just has to be designed top notch, which is a big ask.
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Could be just another platform to use in tandem with what the 'creator' already usees. A supplementary more niche market. Why not post to both?
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People could but they dont. They dont think its worth it
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I remember a few years back a scene in the TV show Euphoria (Don't ask why I was watching) where an S&M cam girl would only accept bitcoin for her services.
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That's fiction. Or because it had illegality / tax evasion vibes. In reality the content creators have zero interest in decentralization. They might even want to make their business/industry more socially accepted and normalized. This is why they strived towards even more centralized plattforms like OF
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