Lots to think about here.
Territorys as they stand are not a viable source of income. Do I think they should come down in price? Yeah, maybe even by half. 50ksats is soooo much easier to stomach, especially as the fiat cost increases. I feel as though the price of the territory almost doesn't matter really. Did we have a massive rush for territories when they were first announced? Yep, did a large percentage of them die off? Also yes and I don't think it's just the cost. Some owners I feel wanted set and forget territory to earn passive income. That's just not going to happen on a social network.
I do really like the idea of selling Pinned posts. Looking at the specific example of ~Music with the self promotion Sunday thread, the highest zapped artist will be able to rent the pin to put their work right at the forefront. There will be a rental fee (perhaps similar to the way boost works. 25k boost only really keeps it top for maybe a day, a pin can keep that there indefinitely, but I'd likely make it a week.) 1 week of advertising space for 25k. Rather than the boost function giving you ~1 day. Easily a better option.
How the pin rental works in other spaces, I've no idea. But I think pin rental is an excellent use of that function for revenue generation.
I was talking to @ekzyis the other day about refunding posters their posting fees. It's an interesting idea, I think if I were to increase the territory posting fees (which I may have to) to maintain the content creators using that space, I'd refund their posting fees. They're providing value to that space. But the non-content creators, such as just the odd link drop or something. No refund on that.
I saw it mentioned in another post where it was suggested that owners should be able to post for free. And I kinda don't hate that idea. Most of the posts in my Territory are mine, with various weekly themed stuff plus the daily. I'm making half back and sending half to rewards. But paying 100k to provide the space and then a fee per post to encourage engagement, that's something you may have not taken into account in your financials. The cost to you to post and comment plus the cost of zapping all the comments that your post brings. These costs are a touch more hidden.
I think the counter arguement of "if owners can post for free then what stops them spamming the territory?" Falls apart rapidly when you consider that people vote with their feet. Too much spam in the territory? Chat with the owner. Too much spam in the territory being posted from the owners account? Don't engage with that territory. They'll soon quit posting and move on, their territory will go silent, they'll probably not renew, and then it's open for a better owner to take it over and run it without the spam.
Anyways, that's just my thoughts on some stuff. TLDR pin rentals ✅. Owners don't pay posting fees ✅ perhaps drop territory cost to 50k per month ✅ (just to expand a touch further on that... I think the initial set up should be 100k but the renewal much less. Start up costs high, running costs sustainable. ✅
Cheers for listening.
Excellent points.
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Cheers man. On a different note. I'm all up in your Nostr DMs again ;)
Just to elaborate on "the price of the territory doesn't matter" what I mean by that is that I feel the territories that will do well, will do well regardless of the price. So you could drop it and it wouldn't make a difference. But pricing out territories may have a detrimental effect on SNs overall usage.
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Responded. Glad you mentioned because for some reason damus doesn't show me a notification for DMs. I don't have that problem with primal for the stacker sports nostr account but my personal account has always been like that.
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No worries. I remember you saying so I figured I'd just tell you here.
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