and the potential to monetize.Monetizing Nostr: A Bitcoin-Based ModelThere are two ways to monetize Nostr: running a relay and creating a client. Running a relay is a great way to make money — as long as your relay is popular, you can charge a fee to host messages. Creating a client can also be lucrative; you can charge users a fee to use your client. The fees are paid in Bitcoin, so you don’t have to worry about fiat currency fluctuations.Nostr’s monetization model is based on Bitcoin, which is an open-source, decentralized digital currency. Unlike fiat currencies, Bitcoin isn’t controlled by any government or central bank; it’s powered by the people who use it. This makes it a great option for monetizing Nostr, as it’s not tied to any one country or central authority.ConclusionIncorporating many of the values inherent in Bitcoin, the Nostr protocol could grow into a social media platform that better serves its users. The platform is decentralized and censorship-resistant, allowing users to broadcast information without the fear of being shut down. It also incorporates Bitcoin-based monetization, allowing users to make money by running relays or creating clients. Nostr is still in its early stages, but it has the potential to grow into a powerful platform for communication.
BlockFi to provide over $100K in refunds to California clients
California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), has announced that crypto lender BlockFi has agreed to...
