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250 sats \ 4 replies \ @ek 4 Aug 2023 \ parent \ on: How Siggy47 Stacked Over 500,000 Sats on Stacker News meta
The way I see it:
Before SN, people already shared stuff they care about online but earned $0 over the course of multiple years. Or maybe some actually pressed the donation buttons and went through all the hassle to buy the author a coffee so let's make it generous and say $10 per year.
With SN, it's now much much easier to get off zero. You can do the same thing as before but just link your article on SN (or just publish on SN) and get paid for it for basically zero costs to you (basically because of the 1 sat fee, lol).
So I think the $150 in 2 years is a lot since either @siggy47 would have done it anyway for $0 or - another big argument for SN - the SN model incentivized him to create this content in the first place.
Look, no one is going to get rich on SN in 2023. I'm not sitting around thinking about how much wealth I'm accumulating here. I'm learning about bitcoin and having fun. Maybe I'm weird. Well, definitely, but I find this site fun. It's certainly not work. I'm retired. I also discovered that I like writing. I have gotten a lot of sats that way.
No one can see into the future, but I'm sure our little stacks earned here will be worth a lot more in 5-10 years. Think about the guys who hung on to Gavin Andresen's faucet bitcoin.
Also, SN is becoming a place to post long form content. Just check out the great articles that have been posted the past week or two. The site is evolving.
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Zaps are a user acquisition/BTC on-boarding gimmick that is most effective at converting users with a Bitcoin interest
The larger social graph of other platforms is more valuable to most people than the potential of getting tipped pennies a week in a currency they don't want for posting to a nice audience.
If a lot of people would "be here posting anyways", why do devs take on the enormous custodial risk?
I think zaps are useful as an input to a decentralized ranking algo, spam prevention etc. But putting bread on the table for a human engaging casually with social media? Its unfair to believe this is happening today.
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The larger social graph of other platforms doesn't translate to engagement for most. The larger social graph is valuable for browsing diversity, which can be recreated with a front page and APIs, thus the rush by platforms to build walls and capture third-party traffic.
Bitcoin is the hardest money on earth, and its directional trend is a one way street. Zaps are not airdrops. Zaps are not a gimmick to convert users. They're a tool for transparency. Entertaining as hell. An investment. They're a tool content creators will use to break the blockade of de-platforming, de-monetization, and ai pre-upload scanning that leverages licensing databases, language guidelines, expression algos, and other censorship flavors of the day pushed by the Party in power. Your call sign nullcount@Stacker.News is also a free LNURL wallet that's interoperable with the LN beyond the platform. Those FOSS themes "interoperable", "transparent", "composable", etc, are really starting to take off with the LN, as are LN self/hybrid-custody solutions that speak the language of the masses: tap, swipe, click. All this shit is so new though, Zaps is what, like 5 months old? Apple identified the threat and was quick to censor. SN itself has only existed in the keyframe of a bear market. I think horn gore and the flattening confidence curve of the LN and bitcoin at large will unleash holy hell. Bitcoin micropayments a gimmick? Seriously?
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I meant that people post content for free anyway. Like on these other platforms you mentioned.
You can just post a link here and start earning sats is all I wanted to say.
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