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The SN team raised millions of american-flavored fiat dollars to pay devs and users (never forget, rewards is a marketing expense).
3 years later, SN still has less than 100 daily active users
So clearly, sweetening the rewards with investor money isn't working.
125 sats \ 0 replies \ @k00b 5 Dec
We’re around 250/day off of 500/day (possibly 1k/day) at points, if we’re talking spenders, it might be even worse without daily rewards, and we only raised 1.55 millionS of fiat dollars.
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QED
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