JohnBNevin on Nostr: This is not a problem with v4v. It is a problem with a) culture. People are not used ...
This is not a problem with v4v. It is a problem with
a) culture. People are not used to having the freedom (and responsibility) of setting their own price. yet
b) numbers. Nostr has yet to see the 10x 100x 1000x it soon will see
c) expectations. Creators cannot expect the earnings to match their chosen expenses. The earnings will be what they are worth in the market. Something is worth what someone will pay for it.
d) economy. Disposable income is unnaturally diminished because of distortions in the market by globocorp, taxation, and various government interventions.
e) currency. Fiat currencies have set a precedent for reduction in value and have disincentivized savings. Earning in Bitcoin is not a 'what is my purchasing power today' equation like earning in fiat is. Earning in Bitcoin is something between a hedge against future economic uncertainty in all forms and a retirement plan.
f) lack of social pressure. People will come to be recognized for how much they zap, for what, and how well distributed, vs how much they consume, vs how much they create.
As the economic model moves from contracts managed by agents and lawyers and employees' renting their time to individuals taking ownership of their labor and choosing vocations that match their passions, and as additional means of passive income are unlocked (blockchain based royalties for derivative works, micropayments for fact-checking, paying for advice and recommendations by the reputable, micropayments for helpful reviews, off the top of my head) the view on whether nostr monetization for bitcoin is 'worth it' will change.
a) culture. People are not used to having the freedom (and responsibility) of setting their own price. yet
b) numbers. Nostr has yet to see the 10x 100x 1000x it soon will see
c) expectations. Creators cannot expect the earnings to match their chosen expenses. The earnings will be what they are worth in the market. Something is worth what someone will pay for it.
d) economy. Disposable income is unnaturally diminished because of distortions in the market by globocorp, taxation, and various government interventions.
e) currency. Fiat currencies have set a precedent for reduction in value and have disincentivized savings. Earning in Bitcoin is not a 'what is my purchasing power today' equation like earning in fiat is. Earning in Bitcoin is something between a hedge against future economic uncertainty in all forms and a retirement plan.
f) lack of social pressure. People will come to be recognized for how much they zap, for what, and how well distributed, vs how much they consume, vs how much they create.
As the economic model moves from contracts managed by agents and lawyers and employees' renting their time to individuals taking ownership of their labor and choosing vocations that match their passions, and as additional means of passive income are unlocked (blockchain based royalties for derivative works, micropayments for fact-checking, paying for advice and recommendations by the reputable, micropayments for helpful reviews, off the top of my head) the view on whether nostr monetization for bitcoin is 'worth it' will change.