Plenty of examples of this. Peloton has now gotten more money from me by selling monthly access to the beautiful people meant to train me than they ever did by selling me the actual bike.
So why was Kodak able to weather storms and massive tech innovation since 1888 to become the predominant company to sell cameras, but they weren’t able to adjust when digital cameras came along? Even though they were the first to have them?
The business model was threatened. If you get money from selling film, a film-less camera isn’t an opportunity, it is a threat. Kodak could see no path to adapt. Who knows if there was one?
Of course, now we have Apple that is threatening to shut down apps like Damus because it allows people to transfer value directly peer to peer. Not being able to position themselves in the middle of transactions is a threat to Apple’s business model.
This isn’t speculation, Apple has said that when value is transferred in the app, it must be as an in-app purchase. This is because they get a cut. They sold you a phone just so they can sell you the in-app purchases. This is like Kodak’s film.
So why do we care? Why are people all over nostr and Twitter all bent out of shape about this?
Because you still need Apple. Decentralized money and decentralized social media are not promises. They require work and a pathway for normal folks to adopt them.
This is true for both Bitcoin and Nostr and while both are promising and should make the world better, we can’t just assume they will be successes.
Regular folks are going to use Apple to get themselves onboarded to both of these technologies.
Who knows what will happen with Apple and Damus? There are a lot of possible outcomes, not all of them good.
But there is hope. There is good news coming out of all this.
Let it be known that Bitcoin and Nostr are seen as threats. Not just theoretical or metaphorical. Actual bottom line revenue threats. If you had any doubt before you can put it aside. They are fighting us, and that is good news.
The downfall of Apple seems unlikely. And just because the same was true for Kodak doesn’t make anything inevitable.
Frictionless, peer to peer transfer of value using open protocols is better, and should win in the end. But will it? 🤷♂️
1. They ignore you
2. They laugh at you
3. They fight you
4. ?????
5. You win.
#Bitcoin #nostr @damusapp
Jason Maier / cjasonmaier
npub1dc…tjwqd
2023-06-14 14:33:03
in reply to nevent1q…de8f
Author Public Key
npub1dc84762hpnp0y4jcvjcgwt8l7sepng93j3hg63hfm80ph6kt82eqktjwqdPublished at
2023-06-14 14:33:03Event JSON
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"content": "Plenty of examples of this. Peloton has now gotten more money from me by selling monthly access to the beautiful people meant to train me than they ever did by selling me the actual bike.\n\nSo why was Kodak able to weather storms and massive tech innovation since 1888 to become the predominant company to sell cameras, but they weren’t able to adjust when digital cameras came along? Even though they were the first to have them?\n\nThe business model was threatened. If you get money from selling film, a film-less camera isn’t an opportunity, it is a threat. Kodak could see no path to adapt. Who knows if there was one?\n\nOf course, now we have Apple that is threatening to shut down apps like Damus because it allows people to transfer value directly peer to peer. Not being able to position themselves in the middle of transactions is a threat to Apple’s business model.\n\nThis isn’t speculation, Apple has said that when value is transferred in the app, it must be as an in-app purchase. This is because they get a cut. They sold you a phone just so they can sell you the in-app purchases. This is like Kodak’s film.\n\nSo why do we care? Why are people all over nostr and Twitter all bent out of shape about this? \n\nBecause you still need Apple. Decentralized money and decentralized social media are not promises. They require work and a pathway for normal folks to adopt them.\n\nThis is true for both Bitcoin and Nostr and while both are promising and should make the world better, we can’t just assume they will be successes.\n\nRegular folks are going to use Apple to get themselves onboarded to both of these technologies.\n\nWho knows what will happen with Apple and Damus? There are a lot of possible outcomes, not all of them good. \n\nBut there is hope. There is good news coming out of all this.\n\nLet it be known that Bitcoin and Nostr are seen as threats. Not just theoretical or metaphorical. Actual bottom line revenue threats. If you had any doubt before you can put it aside. They are fighting us, and that is good news.\n\nThe downfall of Apple seems unlikely. And just because the same was true for Kodak doesn’t make anything inevitable.\n\nFrictionless, peer to peer transfer of value using open protocols is better, and should win in the end. But will it? 🤷♂️\n\n1. They ignore you\n2. They laugh at you\n3. They fight you\n4. ?????\n5. You win.\n#Bitcoin #nostr @damusapp",
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