pull down to refresh
900 sats \ 1 reply \ @davidw OP 1 Jan freebie \ parent \ on: Substack may not exist in 2030 without adopting Nostr nostr
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.
reply