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716 sats \ 3 replies \ @MaxAWebster OP 13 Jan 2023 \ on: Why I'm Betting Big on Nostr nostr
I've become pretty obsessed with Nostr and am increasingly convinced that it will bring Bitcoin and the Lightning Network mainstream. I've outlined some of the business opportunities that I see in the post above. Would love to hear ideas from others as well!
With the sudden growth and interest of a very new and fast moving protocol, it does feel like a unique position to be in as an investor looking at potential companies wanting to solve problems with Nostr. Do you feel that you have to approach the investment decisions aspect any differently than others (inc lightning) or do you view nostr very similarly to how you've gone about your LN investments? Agree some of the business model is there, but does anything change for you specifically when viewing it so early?
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Timing is definitely tricky. I believe most of the first wave of Nostr startups will just remake slightly cooler old-world experiences. The really big winners will likely emerge in the next wave with brand new experiences that mash up nostr + lightning. I don't know what these will be, but they'll be cool as shit! One simple example: I can imagine most people sending payments or remittances via a text/tweet and not in a dedicated app.
So given that perspective, I'd rather bet on the second wave. But Nostr development is happening ridiculously fast. B/c it's open, simple, and fun. Hell, I may start programming again to join in on the fun :) So given how fast it's all being built, I could also see a world where that 2nd wave comes very quickly. So given my intuition on all this, I'd much rather be there early.
And for the most part, I'll follow the same guidelines I do for investing in Lightning companies: back really smart founders with great taste who ship quickly. We'll figure everything else out on the fly ;)
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Well said, appreciate those insights!
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