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This great AI rollout could see a massive bubble burst, just like yes you guessed it the dotcom bubble
When the great Internet rollout happened in the 90s, giants like aol, yahoo and the companies who layed the telecom cables across the oceans died off and left the base infrastructure for aws meta and google to scoop it up
Maybe we'll see the same with AI with all these data centres built out and then the likes of open ai anthropic etc die off for the next generation to scoop up
Now, controversial but could we see the same in Bitcoin and Nostr? A massive price crash would purge speculative leverage, leaving a pristine hyper secure global settlement network ready for institutional or state level adoption
Similarly with Nostr, an implosion of clients would leave a decentralized network to be scooped up by the next generation?
Who knows, in answer to your question, I'm SN, Nostr 1st and use twitter rarely and never post, guilty pleasure is a bit of TikTok 🤣🤣
It doesn't work like that
STRC, ETFs, and custodial accounts, is not very much.
This isn't even custodial money, its shares of bitcoin that never moves that you don't have the keys for.
What's the point of that?
Perhaps. There seems to be less energy in Bitcoin in general (everybody is pivoting to AI, right?)
They are not pivoting to AI. They are pivoting to buying AI shares... That's what they are pivoting to.
It seems to me that Nostr has never gained any real world adoption and the devs involved are feeling the realisation after all these years of grinding
Because the interface is terrible, the only interesting thing on nostr is esoteric bitcoin technical discussion, and you have to look for that, and most of the conversations and posts are very low effort/low quality especially in the last year or so.
I suspect that at the beginning of Twitter or Reddit the posts were relatively low effort/ quality. People are people afterall, and most of us are dumb. The curious thing is that nostr had a initial burst from bitcoiners interested in decentralization and then it got a burst from Jack and yet it still didn't thrive. BitcoinTalk managed to thrive -- was this because it was the only place to talk about bitcoin?
This cold start problem is not exactly new. But it may still be a mystery. Bitcoin kinda made it through the problem, nostr probably hasn't -- SN certainly hasn't.
Jack only wanted to make an alternative to twatter... in other words another place where people can fight online for nothing.
People looking to nostr as a social media protocol, they are wrong. Nostr is something different.
Perhaps. There seems to be less energy in Bitcoin in general (everybody is pivoting to AI, right?) so you may be right about this. But I suspect it's a good thing over all. If the tools we build are not being used, we need to figure out how to make them something people do want to use.
Probably, the majority of people care less about decentralized social media than they care about decentralized money -- which, judging by the popularity of STRC, ETFs, and custodial accounts, is not very much.
Do you use nostr more than other social media? If not, why not?