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1790 sats \ 3 replies \ @grayruby 9 Dec 2023 freebie \ on: replies in territories, recouping sats from territories meta

The territories will not be profitable on territory revenue alone. At least not any time soon.

What I am trying to quantify is the value add of having the territory and the territories in general incentivizing greater activity across SN to my own daily earnings from zaps and rewards.

I will wait until the end of the month but then I am going to do a post that will show the revenue I earned from the territory plus the zaps/rewards I earned compared to the pre-territory era. Did the increased activity in the territory, and more broadly on SN earn me enough additional zaps/rewards to make up for the loss on the territory fee?

Not that it really matters to me. It would be nice to break even but if I don't that's ok too. I am just trying to formulate a picture of the impact of territories. Hopefully we will get some data out of SN as well to see if they have increased users and activity.

I expect most territories to fail or to be passion projects financed at a loss by the founders. We are in the territory boom phase right now but I expect we will see great attrition over the next couple months as territories drop off or merge (maybe it's not viable to have individual art, music, and movie territories and they meld into one. Maybe AI and tech become one. Health and Fitness become one. Etc).

Ultimately, I think the territories will be a huge benefit to SN long term. I wouldn't have pestered @k00b for months about a sports sub if I didn't believe breadth of conversation would be a net benefit to the site. That being said we are going to have a messy few months to coalesce probably around 10-12 (guess) viable territories. In the meantime, let's get some more bitcoiners on the platform. Right now I haven't even begun to try to attract non bitcoiners when most bitcoiners aren't even on here. Let's get the low hanging fruit and then broaden our horizons.

That's my 2 sats.

299 sats \ 1 reply \ @elvismercury 9 Dec 2023

Well-articulated, thanks for sharing.

I expect most territories to fail or to be passion projects financed at a loss by the founders. We are in the territory boom phase right now but I expect we will see great attrition over the next couple months as territories drop off or merge (maybe it's not viable to have individual art, music, and movie territories and they meld into one. Maybe AI and tech become one. Health and Fitness become one. Etc).

The secondary effects are really interesting to me -- I think this is going to be a fertile experiment, as territories exert subtle (and maybe not so subtle) influence on the general tenor of SN. It's already pretty noticeable -- for instance, today's weekend book recs thread, in the ~BooksAndArticles territory, is more diverse than it usually is, and people who've posted there have been zapped harder. An injection of energy and interest.

Some of that will pass, of course. Still, cool to see now.

My prediction is that in three months SN will look nothing like it has looked since inception. Even ~bitcoin will be transformed. Some people will hate that, of course, but the world moves forward. Having SN as a vital and thriving testament to what cool things can exist only bc of btc / lightning, and not just another btc forum where btc is discussed endlessly by its acolytes, will do more to further the cause of btc than anything else I can think of in the product space.