934 sats \ 5 replies \ @kr 1 Jan \ on: Substack may not exist in 2030 without adopting Nostr nostr
if you were to pitch Substack on how Nostr can help Substack earn more revenue today (one thing they probably care deeply about), how would you do it?
The overriding theme would be that their technology stack doesn't support any of their mission or principles:
Technology - Email focus is unencrypted, slow App adoption
User Acquisition - Competing Social Media companies as their funnel
Payments - Credit Cards, Banking - bottleneck
... all completely misaligned & outside of their control. They need freedom-focused technology & developers able to fight their corner.
Edit: It's not so much about earning more revenue tomorrow, I believe they also need to protect their growth and not be a sitting duck. I may need to think more deeply about this though and come back with my 21 slide powerpoint presentation.
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they seem to be doing well on their first principle, but i can see how their tech stack may cause them to fall short on the others today.
imo it feels like a very hard sell from a revenue standpoint today. nobody is making money on nostr yet, and while i think it has promise as a protocol, i don’t think Substack will be persuaded by Nostr’s principles until there is precedent for sustainable and profitable Nostr businesses.
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