While it requires having a service worth staying on once you're familiarized to be successful, paying users is a valid strategy when a network effect is important.
PayPal, as an example, is the result of a merger between Confinity (Thiel's) and X (Musk's) competing services. While I believe Confinity had started earlier, X caught up through literally giving people $20 towards eBay purchases if they sign up.
Hi zajd, I want to upvote your comment but I don't think I can do that while it calls HN downvoters "bootlickers". Would you consider removing that part?
I thought the big "idea" part of the comment was that investors are distorting markets with huge subsidies. Another idea is that parts of the HN community itself have a disturbing relationship with this practice. But someone can still get those ideas across without calling downvoters "bootlickers"!
PayPal, as an example, is the result of a merger between Confinity (Thiel's) and X (Musk's) competing services. While I believe Confinity had started earlier, X caught up through literally giving people $20 towards eBay purchases if they sign up.