lol, noteworthiness unclear

I guess DM preferences in bio are needed for now

Yeah, it could persist as a niche tool for that too. I'm just trying to think of reasons why people not really interested in that might use it. It could come down to something related to content monetization.

That can definitely be a strong incentive in places where that threat is less theoretical. Ramped up censorship pushes on social media seem to have calmed down here lately, basically right as Nostr emerged.

A way for users to invest in other accounts could be an interesting driver of adoption. Basically the SocialFi/memecoin/crypto stuff in a way that makes sense, looks more like a traditional media company, and pays out dividends from business-related profits generated by the account on Nostr in various ways. But there'd also be nothing stopping a traditional platform like X from adopting that. Probably also requires a change to securities laws in the U.S.

X for extreme suitcoiner takes.

Nostr for extreme cypherpunk takes.

People have an incentive to switch to bitcoin as a better form of digital savings or more private option for digital payments (mainly via Lightning). Nostr doesn't seem to have similarly-strong incentives for people to switch over to it, at least not yet. Or are there use cases I'm missing?

I think you saying STRC and DeFi yield farming are the same is like someone saying bitcoin and XRP (or insert whatever shitcoin you like) are the same. Maybe that helps clarify why the differences are important, despite the similarity of offering yield.

I don't remember any systems similar to STRC in DeFi. IIRC, most of the yield came from financial services (e.g. lending, providing liquidity, trading) where fees could be charged. They would then amplify the yield by printing useless tokens and throwing in those as extra rewards on top. It all collapsed because of a combination of those useless tokens eventually going to zero with people also losing a lot of money due to underestimating the risks (such as impermanent loss) associated with the high yields they were getting.

The yield in STRC comes from bitcoin's price appreciation. The yield in DeFi generally came from a variety of risky financial activities (such as those with risks like impermanent loss) depending on the specific platform and was oftentimes denominated in a token created out of thin air. That's why they failed. Just because two things generate yield doesn't mean they are comparable. These systems have completely different risk tradeoffs.

The phenomena don't really seem comparable. With bitcoin treasury companies, there is no smart contract risk and it's clear how the yield is generated. There was also oftentimes not any actual capital (bitcoin) backing anything in DeFi yield farming. It was a Ponzi of useless tokens on top of useless tokens.

That said, this is not an endorsement of bitcoin treasury companies. 😀

I think last night, especially the first half, was the best I've ever seen the US play. Been watching since we beat Spain in the Confederations Cup all those years ago.