This talk was first given on the Nostr Nederland 3 Meetup April 2024 in Utrecht
You can review these slides in proper formatting on https://peterpeerdeman.github.io/experiencing-value-for-value-on-Nostr-as-an-independant-artist/1
Experiencing value4value on Nostr as an independant artist
Peter Peerdeman a.k.a. Teder
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But first… a demo
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Hi i’m Peter
- Father of 2
- (former) technical director at Software agency
- Interested in
- Technology
- Coffee
- Personal Knowledge Management
- Homelabs
- Timeseries
- ML Predictions
- … and I dabble in Live Electronic Music
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On a weekend in March 2024…
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… I installed nostr clients on my phone and tablet
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… I created a “Wallet of Satoshi” lightning wallet and discovered my payment address
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… I filled in my profile, including the new lightning wallet address
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… shared a video of my latest EP release and streamed for 40 mins
::right::
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… and my phone kept on buzzing with microtransaction notifications
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In about 24 hours, the posts and livestream received 150 reactions
and about 29400 SATs ~ €19.
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These payments were spread amongst hundreds of microtransactions, costing a fraction of a cent each and
the funds were immediately at my disposal
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In about a week I built a list of 150 engaged fans,
that can seamlessly follow me across apps and
across servers, if a single nostr relay would censor my data.
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Insights
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- Rewards for any content
- Creation motivation
- Reciprocity
- Split pay commission
- Content & following portability
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1. Rewards for any content
you can get rewards for any type of content you can share
- posts
- video stream (e.g. https://zap.stream)
- music album (e.g. https://wavlake.com)
- video (e.g. https://flare.pub)
- longreads (e.g. https://stacker.news)
turning a virtual "likes" into sats with monetary value,
independent of platform ad revenue,
amplifies these feelings
even rewards for replies and engagement with fans
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2. creation motivation
A continuous stream of rewards provides…
- attention: dopamine hits that make you feel appreciated
- feedback: figuring out what content your audience values most
- motivation: an incentive to keep sharing higher quality posts
turning a virtual "likes" into sats with monetary value,
independent of platform ad revenue,
amplifies these feelings
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3. reciprocity
Reciprocity is a powerful tool of influence,
because it is based on the principle of fairness.
—Robert Cialdini (from Influence: The Psychology of Persuasion)
this fairness works both ways, from the audience but also from creators:
for example by giving back to other creators,
or by producing more valueable content for the audience
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4. split pay settlement of commissions
rewards can be split among collaborators, and instantly settled on each payment
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4. split pay settlement of commissions
saves time in administration,
is transparent, and decreases barriers
to include more contributors
rewards can be split among collaborators, and instantly settled on each payment
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5. content & following portability
- You own your content, no matter what app.
- You broadcast your content to any server.
- Your followers list cannot be censored
- Your followers list is consistent in all apps
- Your identity is consistent in all apps
having followers easily discover (and reward)
your content across apps motivates creation
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recap
- rewards for any content
- creation motivation
- reciprocity
- split pay commission
- content & following portability
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Thank you for your attention 🙏
Feel free to share this presentation with creators!
slides and meetup writeup will be published to https://notes.peterpeerdeman.nl
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Experiencing value4value on Nostr as an independant artist
Peter Peerdeman a.k.a. Teder
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value4value:
grab Teder merch from BTC Lightning store!
https://btcpay.hashbang.nl/apps/33WtQ9nAggSntAE77BEBHmVGtLag/pos
