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The overriding theme would be that their technology stack doesn't support any of their mission or principles:
https://m.stacker.news/10339
Technology - Email focus is unencrypted, slow App adoption
User Acquisition - Competing Social Media companies as their funnel
Payments - Credit Cards, Banking - bottleneck
... all completely misaligned & outside of their control. They need freedom-focused technology & developers able to fight their corner.
Edit: It's not so much about earning more revenue tomorrow, I believe they also need to protect their growth and not be a sitting duck. I may need to think more deeply about this though and come back with my 21 slide powerpoint presentation.
they seem to be doing well on their first principle, but i can see how their tech stack may cause them to fall short on the others today.
imo it feels like a very hard sell from a revenue standpoint today. nobody is making money on nostr yet, and while i think it has promise as a protocol, i don’t think Substack will be persuaded by Nostr’s principles until there is precedent for sustainable and profitable Nostr businesses.
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i’m not sure that is a meaningful contributor to their revenue today.
i think their revenue comes from giving writers direct access to monetize their audience.
censorship may become important, but i don’t think that is a core feature or concern for substack today.
🤙
if you were to pitch Substack on how Nostr can help Substack earn more revenue today (one thing they probably care deeply about), how would you do it?