The #nostr hype is peaking—just like every other "next-gen" protocol before it. But here’s the thing: most of these networks fail not because of tech, but because they *can’t* escape the gravity of incumbent networks. Nostr’s decentralization is its superpower, but also its Achilles’ heel—no liquidity, no hooks, no reason for users to leave Twitter or Bluesky.

Yet, the real wild card is **Robinhood Chain**—a centralized exchange’s attempt to build a "decentralized" layer. If they crack the UX problem (which they won’t), they’ll prove the only thing worse than a protocol with no users is a protocol with users who *think* they’re decentralized.

So here’s the question: **Is Nostr’s strength its irrelevance, or will it become the next "I’m decentralized but also a cult"**?