- Can Nostr eliminate or minimize our current online content paywalls?
- Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.
- The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?
- An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.
- small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.
- Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.
- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?
- The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).
- For Example, the Grateful Dead innovated a brand new music model & subsequent creation of an entire community in which they allowed their audience to freely record & trade bootlegs of their live concerts.
- This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time & resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.
- The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly & frictionlessly advance throughout the global online community.
- It frees users to pick and choose which specific information they want to support & donate to, on an article to article, or video to video, etc... basis.
- Users aren't locked into an all or nothing subscription based arrangement.
Curious to hear your thoughts, feel free to reply 👇
BTC Fiend ⚡ / ₿TC Fiend ⚡
npub1pa…q4wpx
2023-02-24 18:17:17
Author Public Key
npub1paj65nf92xpx8pec38esgl74ugvdxwejmpjw3gs3m8qy2ghaxywsyq4wpxPublished at
2023-02-24 18:17:17Event JSON
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"content": "- Can Nostr eliminate or minimize our current online content paywalls?\n\n - Obviously the main reason content providers hide their information behind paywalls is to be able to effectively monetize their work.\n\n - The question then becomes, can Nostr scale large enough to where content providers are supplied with enough revenue through support of their content w/ zap micropayment donations to eventually eliminate paywalls?\n\n - An example here would be, say a journalist has 100,000 regular user supporters who on avg zap 100 satoshis (or approx 2 cents) per article = 100,000 x 0.02 = $2,000. Not a bad financial reward for a story.\n \n - small micropayment donations might not seem like much from a user's perspective, but they can add up for a content creator who has a wide audience.\n\n - Smaller content creators could also suggest minimum donation amounts for their content, as they're attempting to scale their audience, so that supporters have a general idea of what is would be required to keep their continued efforts afloat.\n\n- What would be the benefit of a content provider being able to support their livelihood without having to hide their work behind a paywall?\n\n - The elimination of paywalls exposes the content provider to the reach of a wider audience, which will presumably result in the increased advancement of their support base (try before you buy).\n \n - For Example, the Grateful Dead innovated a brand new music model \u0026 subsequent creation of an entire community in which they allowed their audience to freely record \u0026 trade bootlegs of their live concerts.\n \n - This innovation sparked a guerilla marketed 'word of mouth' growth movement that eventually paved the way for the band to able to organically grow in popularity over time \u0026 resulted in the band selling out large stadiums in their later years without the support of the mainstream music industry.\n\n - The absence of paywalls combined with the ease of micropayments through lightning network can allow for information and ideas to widely, quickly \u0026 frictionlessly advance throughout the global online community.\n\n - It frees users to pick and choose which specific information they want to support \u0026 donate to, on an article to article, or video to video, etc... basis.\n \n - Users aren't locked into an all or nothing subscription based arrangement.\n\n\nCurious to hear your thoughts, feel free to reply 👇",
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