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Thanks!
Do you think, though, that the sats one earns on SN will ever be a meaningful return on the amount of time you put into writing?
Yes I do. Sats are primary on SN. Why? Because if we scrap sats (a BCE concept in broader terms) from SN, what else will make it different from reddit or others?
Yes, there are many other things that also motivate me to stay part of the community.
I agree with you that sats are core to what SN is and what it has to offer.
I disagree however that it will ever really provide meaningful income (unless we count relying on price appreciation to reach meaningful income).
This foes back to Darth's observation that paying to post is a more important innovation than creating a way for posters to get zapped.
The fact that using SN has a cost is more important than the fact that you can earn sats here.
What do you think?
Here's the confession: what I earn/earned on SN has been more than the per capita income in India.
And If I consider the price appreciation, it was like twice the per capita income when ay peak.
But tbh I don't care about fiat appreciation, all I care is how much I could be worth in Sats or Bitcoin terms..
SN has a cost in Bitcoin/Sats. What would it be like if you have this but don't have zapping enabled?? How many would pay to post??
That's impressive! Zapping clearly plays a role and I agree that SN doesn't work without it. It's important enough that Stacker is in the name. But your question about how many would pay to post is fair. It might be more than we know. However, people aren't used to the idea of paying to post online and so likely would not be excited about it.
Also: do you have any ideas how we could promote SN in India? Seems like if stackers there can earn more than per capita income, it might be interesting to them.
Thanks, Scoresby.
Before answering your question, I’d like to clear up a few things.
I did promote SN in India before, and many people joined, participated and contributed. What some people disliked was that we used to zap each other heavily. We were friends before SN, and I encouraged them to zap good content early. They also earned sats from the rewards, but that wasn’t anyone’s fault.
Things then became toxic. Some prominent stackers started a hate campaign against our Indian group, including nude and disturbing memes. There were also accusations that I was running multiple accounts.
To be absolutely clear: @Golu is my brother, @Athena is my sister, @reportercoins is my own separate account, @TheMorningStar is someone I orange-pilled at a training, @BitcoinAbhi is my cousin, and @IamSINGLE is my niece.
The other accounts people associated with me like @desertdave, @Imyourfed, @Solomonsatoshi, @Aardvark, and others I don’t even remember. I didn’t know those people, their countries, or anything about them.
What hurt most was seeing very little pushback against the abuse. It made me hesitant to bring new people, especially women, onto SN. I eventually told my sister and niece not to post or read there.
But I still believe India is a huge opportunity for SN. We just need to educate people about Lightning first. That shouldn’t be difficult given Indians already use UPI every day. Lightning offers a similar experience, but with Bitcoin instead of centralized fiat rails.
There are also huge communities of Indians interested in Bitcoin on platforms like Quora. I had already started spreading the word about SN there, and I even planned to promote it during a motorcycle ride across India.
I’m not completely broken by what happened. I’ll give it another shot and very soon. I love stacker news and I want it flourish as much as anyone wants.
Here's the confession: what I earn/earned on SN has been more than the per capita income in India.
That's quite amazing, honestly. Hats off to you. I think I should include this quote in my paper.
Thanks.
I think one big reason why I could say this is because India is one of the best countries in these times in terms of affordability. Almost everything seems cheapest here in comparison to anywhere in the world. I may sound bias but truly India is doing exceptionally well in self sustainability as well. In addition to that only 2-3% people have to pay taxes. Labour and national logistics are both cheap. The joint family tradition also plays a big role in it where all work and support each other in the family financially. In short I don't have to worry about working my ass off to pay my bills.
Can you imagine I pay about $35 yearly to get unlimited 5g wifi + calling + subscription to my whole house?? Where else is it possible??
Yes luxury is a bit costly here. I bought iphone 17 pro max 3 months ago and it cost me about $400 more than what it costs to an American. But I think luxury isn't necessary.
Saw your post on Meta - good find linking it here. Curious what was the reaction over there? Did they get the sats filter part?
This is a cool find! I posted about SN on the Discourse Meta board this summer, but it didn't occur to me to search for earlier posts! And this is from 2024!
Interesting to see that HAWK's response is the same as it was this summer.
Do you think, though, that the sats one earns on SN will ever be a meaningful return on the amount of time you put into writing?