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319 sats \ 4 replies \ @Public_N_M_E 27 Mar \ on: What will you do with your MSM winnings? meta

I'm going to need it to contribute to the territory fees. So, I guess it's going back to the community via SN.

31 sats \ 1 reply \ @cryotosensei OP 28 Mar

I need to make a more concerted effort to hang out at your Saloon

0 sats \ 0 replies \ @Public_N_M_E 28 Mar

We'd love to have you. We just share music and laugh about memories it brings up. It's a good place thanks to the people who take part.

21 sats \ 1 reply \ @0b1CoinObi 27 Mar

I hear you and it something that I think about a lot when I see territories go by the way side. The territory fees are in sats and as BTC goes up in price so does your territory cost as I imagine most owners work down the fiat mines, so the cost will nearly always be pegged to the BTC to FIAT rate, that is until the world adopts BTC as the standard currency, I won't hold my breath. BTC could be 80k in a few weeks or 100k by the end of the year. BTC was 42.4k on Jan 1st, so by the year end if BTC hits 100k then you will have seen a 236% increase in your territory cost in 12 months. What's SN going to do about this? It's all well and good pricing in BTC when the price is low, it's the way forward if we want to have BTC adoption and SN must put their sats where their mouths are. But when BTC goes exponentially higher the owners are going to really struggle and territories will close. What's the answer?

120 sats \ 0 replies \ @Public_N_M_E 27 Mar

I don't have an answer at all honestly. Some ideas have been floated here and there about scaling fees. Some ideas have talked about low renewal fees but high buy ins.

Its tough, you want your users to zap more freely so the territory self floats... But your also aware that the more they zap the more it costs them and as it goes up, so to does the cost to the users. And the less they are comfortable zapping.

So if you can't increase the income per user, increase the users 🤔?? Which I have noticed an uptick in ~Music, which is great! But those users also need to learn about the SN economy and how being more free with your zapping can generate better income from rewards, and that's an odd concept for people to get after we've had the HODL idea for so long. Now its Spend and earn more!

I don't really have any answers on this sadly, its something I've been thinking about loads is how to sustain the territory sustainably...