This is a thread for random discussions that gets posted everyday at 5am central.
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201 sats \ 2 replies \ @CypherPoet 28 Jun 2022
Now that Fountain’s latest earning features have rolled out, I’ve been thinking if this could lead to competition among applications that offer Sats for different kinds of engagement.
(For example, if people are making a lot by listening to Fountain podcasts, will Stacker News be pressured to respond with additional earnings features in order to get that bandwidth back? 😄)
We’re still very early, but as more apps are built on Lightning, one could see this getting… intense. After all, there’s only a finite amount of Sats to go around 🍿
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100 sats \ 0 replies \ @kr 29 Jun 2022
Right now i view earning as a great onboarding tool for consumer apps, since nobody is used to being paid for their time on Facebook, Twitter, Reddit, Spotify, etc…
Product-market fit remains the best indicator of long-term success (you can’t pay people enough to use a bad product), but for consumer social apps like Fountain & SN where network effects are very important, this makes a lot of sense as a way to cross the chasm and get a critical mass of users.
Like all good growth hacks, there will come a time where earning money is expected, and it will be harder for apps to get new users with this onboarding strategy.
In the meantime, consumers are going to benefit with actual rewards that they can use anywhere, and that’s a great thing. The earning genie isn’t going back in the bottle.
I suspect that over time, the highest value sat-earning apps will be things like Stakwork where you’re actually performing a task that someone is willing to pay for the completion of… aka a job or a bounty.
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100 sats \ 0 replies \ @gmd 28 Jun 2022
I think content and user experience will remain the driving factor for consumers. Outside of teenagers most of us have fiat mining jobs. More emphasis on paying content creators ala youtube seems to be the key to driving more consumer eyeballs.
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21 sats \ 2 replies \ @fanis 28 Jun 2022
Hello SN! Spotted something weird today: I received 1 sat on my SN account, via invoice if the wallet history is to be believed. But I never requested such invoice, neither did I pay it. Is this just a mislabeled send via Lightning Address?
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21 sats \ 1 reply \ @k00b 28 Jun 2022
Could someone have sent your Lightning address 1 sat?
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0 sats \ 0 replies \ @fanis 28 Jun 2022
Well, I've never shared it anywhere, so the only place it is visible is my SN profile. But I don't really see what else it could be.
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6 sats \ 2 replies \ @faithandcredit 28 Jun 2022
James Bond is dead and nobody seems to realise. SPOILER: They literally killed him in the last movie
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0 sats \ 0 replies \ @CypherPoet 28 Jun 2022
The end credits still said he’d return 🤷♂️
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0 sats \ 0 replies \ @metamick14 28 Jun 2022
that's what you think ;)
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0 sats \ 0 replies \ @kilianbuhn 28 Jun 2022
Gm
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17 sats \ 1 reply \ @avg 28 Jun 2022
Having my first LN-powered auction: https://plebeian.market/auctions/JU
Combining LN with classic tech like Counterparty is where my current interest lies.
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1 sat \ 0 replies \ @faithandcredit 28 Jun 2022
thats a pretty cool site but the products in question take up the least amount of space on the page :) I mean the QR code is bigger than the picture of the item
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0 sats \ 2 replies \ @pdmccombs 28 Jun 2022
St. Kitts and Nevis is my hedge against the United States going to complete s**t.
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0 sats \ 1 reply \ @kr 28 Jun 2022
what makes that specific country a good hedge?
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0 sats \ 0 replies \ @iguano 28 Jun 2022
the bcash community is strong there...
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