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1062 sats \ 8 replies \ @Undisciplined 15 Mar \ on: My Bitcoin Wild West Startup Day Panel Notes builders

Making it worthwhile to contribute to SN.

I've been wondering about this point. I'm perfectly happy to throw my sats around with reckless abandon, but that's largely because I earned them here. My direct financial contribution has been zero. Indirectly, I think I've helped make this a more engaging place for people to spend their time, but how many of them are net spenders?

Obviously, for the dev team to get paid, somebody must be a net financial contributor. Who is that, other than advertisers?

1053 sats \ 0 replies \ @grayruby 15 Mar

I started on SN with a 1000 sat deposit. I haven't deposited sats since.

35 sats \ 6 replies \ @k00b OP 15 Mar

Who is that, other than advertisers?

SN's treasury is.

10 sats \ 5 replies \ @Undisciplined 15 Mar

Long term, who is that, other than advertisers?

34 sats \ 4 replies \ @k00b OP 15 Mar

Oh I see. I don't know yet. I have a variety of speculative thoughts but neither of us would be satisfied by that. If we can figure out how to make territories profitable, then make them something much more than just a forum, I suspect that's one source.

I'm hoping we don't ever have to solely rely on any single source of revenue and I refuse to let it be advertisers because there's too much evidence that ends poorly.

24 sats \ 3 replies \ @k00b OP 15 Mar

But maybe you're asking something more abstract, like where will the sats that need to flow into the economy come from?

0 sats \ 2 replies \ @Undisciplined 15 Mar

Yeah, that's it. Your team is pulling a stream out, so what's refilling the pool?

123 sats \ 1 reply \ @k00b OP 15 Mar

Great question that I haven't thought about enough obviously. @kr has brought this up in a variety of ways though.

I like the Shopify analogy for territories in the sense that it's the clearest SaaS product. The analogy isn't perfect for us, but what refills their pool? I struggle to answer. Consumers buying from Shopify stores?

1000 sats \ 0 replies \ @Undisciplined 15 Mar freebie

I imagine it will depend on the territory to some degree.

Some territories host contests with entry fees, so if people want to participate they may have to make a deposit.

Some people will be willing to pay to post content or pay for territories that direct readers to another site.

Maybe now that you have other wallets connected, people will just pay to zap the content they like without thinking much about their net inflows and outflows.

Edit: ultimately, putting it on territories to figure out how to be profitable will allow a bunch of different solutions to emerge.