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197 sats \ 10 replies \ @BlokchainB 9 Apr \ on: Will SN Go Back To A Custodial Wallet Option? meta
Wow this is a good question! I never even thought about the impact this may have on Stacker news.
My idea is this. If the VCs pressure a return on investment and they want to see outrageous growth I think it will come back.
If the VCs are cool with never returning a profit then I think it stays the status quo. The growth will be painfully slow but will be true to the ethos of owning your own money and not getting rugged by SN/government.
Overall stacker news needs a business model that is self sustaining. From what I can tell they are still operating at a loss. Until that changes anything can happen.
Good take. I also think it’s better to be on the slow organic growth path.
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Yeah but will VC feel that way.
k00b may have open sourced the code but SN books are still closed. We have no clue what the SN burn rate is and how much runway SN has before it has to shut down due to bankruptcy.
Growth is needed for this site to be economically viable.
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I suspect we'll see some bigger swings, if we get close to that point.
As is, we have some proof of concept. Just the existence of territories turning an accounting profit, is evidence that there will be demand for running territories. That'll be all the more true, once k00b finishes weening us off his reward pool subsidy.
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That will be the true test of who stays and who goes. I was on SN well before the subsidy started. Lot less sat milkers were around. Plus accounting profit of a few sats isn’t really moving the needle for people to buy and operate one on mass
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I know the accounting profits are small, but it's important that they even can be positive. When we were continuing on month after month, with no profitable territories, that was casting doubt on the entire project.
Have you noticed much difference in who has remained since the subsidy was cut in half?
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Not really. But the CC implementation seemed to slow down engagement.
But are the profits sustainable? Over the long term? Like I often think if BTC is at $10M and one sat is like one dollar (in today’s purchasing power) will the territories still be viable?
One could argue yes the it could drive SN to have crazy growth because it would be an easy way to earn says but I often think will zapers start to be more stingy with their stack