THE 6th LARGEST ASSET IN THE WORLD. #bitcoin #siamstr #btc
















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Why It Happens
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1. Investor pressure: Platforms need constant growth
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2. Market dominance: Once they dominate a space, they can reduce quality without losing users (at first)
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3. No competition: Users have few alternatives or high switching costs
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The Endgame
1. Eventually, the platform becomes:
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2. Bad for users (too many ads, lost trust)
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3. Bad for creators (lower reach, worse revenue)
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4.Even bad for the company (user exodus, PR backlash)
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Cory Doctorow’s Summary:
“First, platforms are good to their users. Then they abuse users to make things better for business customers. Finally, they abuse everyone to claw back value for themselves.”
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Why It Matters
Understanding enshittification helps:
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1. Spot declining platforms early
2. Value open-source and decentralized alternatives (e.g., Nostr, Mastodon)
3. Make smarter decisions about where you build your work and identity online
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#Enshittification #NostrFixesThis #Opensource
#Nostr #Siamstr #SocialMedia



