Less zapping and posting?
I'm not very observant, but a few fellow stackers have mentioned that there seems to be a reduction in posting and zapping here lately. I started checking the analytics page and looking into territory posting fees.
It's true that the top posts seem to be awarded fewer sats than what was normal over the past year or so. It's less dramatic on a longer time frame, I think, but it's still concerning.
Why?
There are two big reasons for this, in my opinion:
- First of all, It is counterintuitive for new stackers to realize that by giving away their sats through generous tipping, they can earn more here. I have posted about it, @Undisciplined has posted about it, @Natalia has posted about it, yet it's still hard to convince stackers. I have noticed many accounts who have been here a year or two that still have not gotten the message.
- Territories may be the other culprit. In 2022 and 2023 the fiat value of bitcoin was much lower, yet the cost to post on SN was much lower. It makes sense that new stackers would zap fewer sats now than a year ago, when bitcoin's value in fiat was roughly half what it is now. However, as a result of territories, the average posting fees here are much, much higher, perhaps by a factor of 5 or 10 to one. Anecdotally, I have been shocked a few times when hunting around for a territory to select for a post. I don't consider myself a cheap zapper. I can't imagine the reaction of new stackers here. I am not blaming territory owners. I own three myself. The costs to own a territory are astronomical compared to what you can likely earn. Raising posting fees are an attempt to at least reach a higher fraction of break even monthly. Owners also hope that setting the bar high will improve the quality of posts. Incidentally, this "post inflation" is not just a territory owner thing. Despite bitcoin tripling in fiat value over the past year or so, the cost to post in the original three, SN owned territories (bitcoin,meta,tech) has also risen dramatically.
The Solution?
The entire site will suffer if stackers stop registering and posting.
I don't have easy answers. I know territory fees are an important part of SN revenue. I just fear that if things continue like this, SN will become less relevant.
How can an increase in fees for zapping, commenting and posting be productive for SN? If Stackers aren't zapping generously now, how can a rise in sats make them zap?