Noise 1st Anniversary
One year in crypto is like ten years in the real world.
Probably something you find out if you trade a lot, but it is not necessarily about trading. Price action and volatility of the market are significant and extreme, however, the developments and the flow of the news are unlike any other field I’ve previously met.
Maybe the NY stock exchange offers something similar to traders since Crypto is almost like a dream, where hundreds of different situations may appear in just a split of a second.
One year ago the internet witnessed the genesis of noise.cash and since then it has been developing and becoming better.
Noise.cash is one of my favorite websites right now, although I wasn’t so interested in it in the beginning for many reasons. It was a mistake not to allocate time immediately to noise.cash, though, and it was only about in May that I became more active.
The potential is there
Noise.cash in its first year already reached some amazing achievements. The top one was passing 300,000 users, which is alone one feature difficult for any startup platform to reach.
As with any other social media platforms, there are certain stages and certain time required for the internet population to decide if they are worth the time.
Twitter initially didn't find success. It took a couple of years before it finally started increasing in the userbase. The chart of Twitter's new accounts gives us the number of millions of new accounts on the left bar and how Twitter's fame progressed within 4 years.
Twitter only started trending in 2013. There were many waves though, in 2008 and the initial one in 2006. Back in 2006, it had fewer accounts than noise.cash has today.
Twitter accounts did not reach 1 million until 2008. Nobody knew if it would be successful until some time at the beginning of 2009 when millions of users registered in just a few months.
Noise.cash offers unique features. It has developed and is extremely fast and friendly to use.
The first requirement to increase the userbase is having a fast and reliable environment. Twitter may have grown today in a colossal social media, but we have to find its origins and its initial model to make a comparison.
In the beginning, Twitter was only available for mobiles, as an SMS service that charged a certain amount for each Tweet. It was a simple way to reproduce news, but only as titles and offering a very simple summary of the events, together with the option to add a picture or a video.
Twitter grew and added desktop support while removing the SMS payment requirement.
What we have today with noise.cash will develop, and there will be vast interest at a certain point as it keeps increasing.
In Conclusion: We have seen nothing yet.
At about 1 million users, the big funds, like the Virtual Capital funds will appear, if they haven’t already, and there will be some interesting offers to noise.cash.
These tech funds want to take a piece of anything with potential and they usually offer funding for development that is unimaginable. This has multiplying effects in popularity of the certain asset they invest into, since they back it with heavy marketing, making this asset trending.
I read lately though, how Twitter's ex-CEO was against VCs because of the control of developments. Jack Dorsey knew what the trade-off was about. I am certain his plan to decentralize Twitter and perhaps the test of Web3 applications was the reason he was removed from his position as CEO of Twitter.
He talked in a negative approach about Web3 and found opposition when explained Web3 is at the hands of VCs and not decentralized.
Can't make it decentralized when there is an on/off switch. But the off switch can also be a lack of funding if the direction taken by a project is against what the VCs wanted.
Knowing that funding comes with certain commitments and the fund will have its place in the decision process, Jack Dorsey isn't pure or idealist either.
He exploited his Twitter power to boost the sales of his second company, Square. It became clear as he was also part of pumping Bitcoin's price and increasing by billions the profit of CashApp.
Although, this is about noise.cash, not Jack, still it is an example of behaviors in the corporate world. It is all about increasing profitability and morals or a worldview different from the big funds is usually against corporatism.
I hope for the best for noise.cash and will strive for it to succeed. It is not a decentralized platform and not Web3, but it is one new social media having a different and revolutionary model.
Paying the user for the interactions and the time spent could become the new standard if one of these platforms succeeds to attract high enough popularity.
I wish Merry Christmas to all users of read.cash, noise.cash, Marc and Simon, and everyone working for the success of noise.cash. Happy Holidays to Bitcoin Cash community and to the whole cryptocurrency field and hopes are for an incredible 2022 with more developments and crypto adoption.
Happy 1st anniversary noise.cash!
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Happy anniversary