Was watching this #Nostriga talk on funding Nostr https://youtu.be/qD-Y0fq5KiA?si=4BHtI0tsDDjTwvxL
I think it’s ok that there aren’t a ton of VCs investing yet. It’s not the role of investors to donate money.
It’s also not the role of protocols to be profitable.
One of the great side effects of capitalism is that you get talented, smart people who get wealthy and can afford to donate when a technology is too young to be profitable.
That means a lot of folks are contributing without being supported enough to do it full time. This isn’t ideal but it does force contractors to be ruthless with their time. Only working on what is critical in their estimation.
From my understanding of history we are on the blessed timeline, and things seem to be happening in the right timing to build something truly great.
Once we can build profitable businesses on top of the unique capabilities of Nostr THEN we will see investment rolling in.
I have every faith Nostr will continue its rapid improvement and we will, in time, eat Big Tech’s lunch.
greg /
npub1r3…l7ex2
2024-08-27 00:27:31
Author Public Key
npub1r3fwhjpx2njy87f9qxmapjn9neutwh7aeww95e03drkfg45cey4qgl7ex2Published at
2024-08-27 00:27:31Event JSON
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"content": "Was watching this #Nostriga talk on funding Nostr https://youtu.be/qD-Y0fq5KiA?si=4BHtI0tsDDjTwvxL\n\nI think it’s ok that there aren’t a ton of VCs investing yet. It’s not the role of investors to donate money. \n\nIt’s also not the role of protocols to be profitable. \n\nOne of the great side effects of capitalism is that you get talented, smart people who get wealthy and can afford to donate when a technology is too young to be profitable. \n\nThat means a lot of folks are contributing without being supported enough to do it full time. This isn’t ideal but it does force contractors to be ruthless with their time. Only working on what is critical in their estimation. \n\nFrom my understanding of history we are on the blessed timeline, and things seem to be happening in the right timing to build something truly great. \n\nOnce we can build profitable businesses on top of the unique capabilities of Nostr THEN we will see investment rolling in.\n\nI have every faith Nostr will continue its rapid improvement and we will, in time, eat Big Tech’s lunch.",
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