10 sats \ 1 reply \ @kuroba 19 Aug 2022 \ parent \ on: Carrot App bitcoin
My first mention 😀
Although mine was about readers paying, not getting paid. Carrot is cool but I always saw it as a non-profit initiative to get more people into Bitcoin. I'm all for it, but the rewards are too low to attract/keep people unless they would read the content for free anyway. But if they raised the reward, they'd need to refine the model because right now you get the 5 sats just for opening the article, not actually reading it. You also have to earn 500 sats before you can withdraw, meaning you have to read (open) 100 articles before you can start using Lightning through it. Apps like Fountain are much quicker ways for newbies to get on the Lightning Network for free.
What really interests me is business models that can be self-sustaining. Readers aren't really providing value to the Carrot (Bitcoin Magazine) writers except by viewing ads, and a big part of what excites me about sat economies is escaping ads. I'm rambling now, but that's what annoys me about most "Bitcoin games" too, they're just incentivized ad viewing with more steps. How about something that's fun in its own right AND has an in-game sat economy?
Again, I applaud Carrot's effort to get more people into Bitcoin and Lightning, but I rarely open it because the rewards are too low and the withdrawal threshold too high but the model doesn't allow them to raise the former/lower the latter.
wow, nice reply really. Well, you are right about the carrot app and how the threshold is a bit high, but in my opinion as a newcomer to this amazing world of bitcoin, i am reading cool articles, learning a little from them and earning a bit of sats on the way.
There is something I learned along the way that these kind of apps or websites don't make you rich it's just a way to make your feet wet inside bitcoin and the blockchain ecosystem.
Again, love what you just said and your reply, but this is something nice for newcomers in my opinion.
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