437 sats \ 2 replies \ @TonyGiorgio 4 Feb \ on: Territories, digital scarcity, and cultural capital meta
I think viewing territories as anything that might generate revenue is the core problem. It's essentially an ICO NFT with the expectation that later it might be a useful profit generating utility that's mostly based on whether or not SN decides to work on it more and if your unique name grab was successful.
I see it more about community, but it's FAR too expensive to keep that up. If nostr had better community based functionality, I would use that instead. But for now, I'm preparing for more community/resources to come later with ~fedimint
It's trying to be two different things and far too overpriced for either. I have no interest in having a territory be a security based yield generator and I'll probably eventually be priced out of not being able to afford the community upkeep.
I think viewing territories as anything that might generate revenue is the core problem.
That's an interesting take -- so you think wrapping a business model around these community features is foundationally broken?
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Charging for territories makes sense, as a business model for SN. I don't think territory owners should be looking at it as a business opportunity, at least for a very long time. However, it's advertised as something people can make money on, whether it is or not.
IMO removing all revenue opportunities until territories is built out further as a money maker would make sense to me. @k00b surely has insights into when a territory owner would make a profit, and I'm sure currently it's miniscule.
However, charging a lot of money is currently his way (I would imagine) of disincentivizing a lot of people just buying one and being disappointed. He's hinted at being surprised as many people bought into it as they've done. There could be other ways at making it a higher barrier of entry, such as user registration date, cowboy hat count, etc.
It's all hard and he's figuring it out, just giving my random perspective as someone that doesn't care about territories as a profit and will probably stop paying for my territory at some point in the future (6m-12m depending on where it's at)
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