230 sats \ 2 replies \ @DiedOnTitan 21 Mar \ on: Million Sat Madness is a Keynesian Beauty Contest meta
Thought provoking post and replies. One observation that I think supports the quality of the community here is that there is a barrier to entry to engage on SN. You need a lightning wallet, browser extensions, and optional nostr keys, to get it all working. If this barrier is lowered, you wind up with Craigslist or Reddit.
It is my hope that SN, despite that it is VC funded, makes every effort to fine tune incentives to reward high quality content over short term profit and growth. As has been pointed out, incentives can and will be gamed. So game theory needs to be well thought out. My concern is that the owners/operators of SN have incentives that are likely divergent from the community. And getting a valuation like Craigslist or an exit like Reddit may be precisely what they are after.
One thing is certain. The model that SN has pioneered has legs.
You need a lightning wallet, browser extensions, and optional nostr keys, to get it all working.
All you need is a simple lightning wallet and the SN website. WoS is super easy for beginners. That's all you need. I haven't done any of the other things and I get along fine.
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Yeah, I found SN through nostr and signing up required a Lightning wallet and a web extension, e.g. Alby. Had I gone directly with Lighting, it would have saved a step. My point stands however. Most plebs struggle with getting Bitcoin and of those many struggle with getting a Lightning wallet. There remains a barrier to entry, although it lowers over time.
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