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248 sats \ 8 replies \ @Public_N_M_E OP 9 Dec 2023 \ parent \ on: Do you think it would be unreasonable to fundraise for territory fees? Ask_SN
Agree, things get muddy when you take into account the founders fee you get daily (although not today it seems) however, 100k sats has to come from somewhere. We shall see if it continues to come from my stack or the communities.
Yeah. No rewards today. We are both taking a chance. If the community wants the territory it will probably be okay. If not, I'll let it go after a few months.
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Absolutely, I'd just feel it was a shame to lose a territory that people have engaged with and asked for because of affordability.
But everything here is ruled by sats, if the community want to keep the territory alive. They'll vote with their sats. A very use it or lose it stance.
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Well, you and grayruby are in a different position, since you started building before all this. You both already have demand and an established community, so for you it's definitely warranted. For the rest of us it's unknown. We're starting from scratch. I would feel uncomfortable asking for donations if the community hasn't shown they want the territory in the first place.
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You're right that does put myself and GR in unique positions.
And I suppose with that position and pre-established community there does come a (perhaps unwarranted) expectation that those territories would pay for themselves after an initial start up. But what I'm seeing is although some new faces popping up and making posts, I'm seeing very little zaps on those posts. So either people just aren't zapping, which goes towards what I mentioned on another post with @Car or alternatively they're just not interested in the content being provided. If it's the 2nd one, fair enough content creators need to adjust but if it's the first, it'll take a while and quite a big sinking of funds to keep floating until those new users start to be more zap happy.
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Yeah, it's a risk, like any business venture. If the model doesn't work, change it or shut it down.
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Oddly I hadn't considered it as a business venture or even the down payment as an investment. Which I can certainly see that perspective. The angle I had come from was, this is a space people want I've headed up that community the last couple months, if not me then who? So I just made it me. Perhaps I need to change my perspective and shift to a investment/business outlook rather than a gift to a group of people who asked for one.
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That's my opinion. The minute you plunked down those sats it became a business. I think it's a worthwhile endeavor and the risk is justified. For me, I can't build through coding. This is how I can work in bitcoin. I want more than anything to foster adoption. That's why I'm willing to wait a while to bring in newbies who don't show up here to learn about UTXO's, but want to talk about music, sports, or cats. Bitcoin will be the money upon which the communities are based.
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