I really dislike this whole initiative and much prefer the patreon model.
One reason of course might be that i am listening to Jupiter Broadcast and Chris pushes this stuff hard, really annoying me with the constant talk about lightning and especially the boosts, which seem to take over half the show, because somehow he seems not to realize that the problem he has in getting regular supporters is the insane price he asks (last i looked about $2,50 per episode), but likes to give everyone several minutes of the show who sent him 20 cents.
But I think my misgivings go further than that and i am especially concerned about this taking over podcasts or even open source, because while I do understand that people need to eat, I think these two ecosystems especially thrive because so many people contribute to them without profit being their first motive. I would not ask people to do work for free, but I often find that that when profit comes into it, quality starts to suffer and ideals get lost.
Sure, lightning is in some ways similar to patreon etc. because it might still be user financed, but I feel the unpredictability of getting funds, the more attention focused model, will have similar effects on creators than other platforms with similar models do and I am mostly not fond of this.
Chris indeed pushes it hard, I think indeed too hard, I agree. But it's reducing and moving to other shows (like OfficeHours.hair). To him this is the response to centralization of podcasting and I see that. As a member (I do 8$ a month, supporting 1 show but listen to all) I also see the imbalance in the attention that 2ct boosts get. It will go 1 of 2 ways I guess: 1) Boosts become the main income and keep getting attention (but at some cutoff like with NoAgenda donations. 2) Boosts remain a minor part and the attention decreases. If I were you I'd sit it out and let Chris try.
I do like putting 100$ every (half?) year or so in my podcast app and letting the app distribute it over everything I listen to. But that's also because I'm at an age where I have disposable income. I pay for the membership to get the ads out of my fav podcast.
If you want to see what "Boost" (donation) related content ends up looking like, look to popular twitch streamers. It's not great for those who want valuable and interesting content, and instead favors those who develop parasocial relationships and are addicted to getting their favorite personality to pretend to care about them.
You are right and i should not even have mentioned him, because i don't support him (though i wanted to once) and so really have no grounds to complain. I let my annoyance get the better of me and it seems just mean now when i reread it.
It also just undermines my skepticism and dislike of the podcasts 2.0 thing, which should have been my main point.
Well, fwiw, imho it's good criticism and skepticism is warranted and I agree with it. But it's early days.
I always warn here on HN that we should not throw the baby away with the bathwater, meaning, don't kill (or over-regulate) blockchain before it can grow into something nice (from the monster it is now). Imho these are the seeds of something nice, but it's not there yet. I can feel it coming though, because of things like Podcasting 2.0.
But again, podcasting 2.0 also enables (as you probably heard many times by now ;)) life streams right in the podcast app. It just displays a badge that your fav podcast is now life-streaming and you can participate. I think that is just really cool.
Using the blockchain again though, you can make instant donations through BTC lightning, and have your value 4 value boosts live-read as you listen. I mean, that is at least a bit cool right? The equivalent of throwing some cash... Hmm, this is going in the wrong direction again...
It's not still early days. Bitcoin was created 13 years ago, it was useless for payments back then and it's still useless for payments now. Every direction that anyone takes it will be in the direction of some kind of pure money-making thing, usually in the form of a ponzi or pyramid scheme. This has happened over and over again for 13 years. There's simply no one else interested in building on this because everyone else can see that the technology is useless. The only way the scheme even works is because the miners are continually promised profits just for doing the useless "work" of running a node. If you take that away, you're left with an ordinary distributed database, and you can't use that to get VCs all excited with buzzwords and promises of instant profit, so nobody in the bubble does it.
We should absolutely throw away the bathwater. There's no baby. I'll say it right out. Cryptocurrency should be completely banned by every country on the planet. They have no purpose that isn't outright fraud and theft. Everything described in Podcasting 2.0 can be done with regular old Web 2.0 technology, and it can be done more efficiently that way too.
Edit to those downvoting: I will gladly retract this entire comment if you can demonstrate a single real, non-fraudulent usage of blockchains. I've been asking this for years and never gotten a straight answer. Everything is always "just around the corner" but every time I look around the corner all I see is more fraud and scams. If you really think there's something salvageable here, then let blockchains live on as a theoretical research project until somebody figures it out. In the meantime, please stop encouraging the general public to put their money into this. It's irresponsible to raise money this way.
Hyperledger is a set of open-source distributed ledger related technologies, the most well-known being Fabric, which is a framework for creating blockchain networks.
The most interesting cases are S&P Global and Walmart, who use it to keep track of data for various auditing purposes. The idea is that since data on a blockchain can't be modified on a whim without that change being observed, it protects the integrity of the data being stored. Basically it is being treated as a sort of database.
I've seen those and I wouldn't describe them as "blockchains" in the same sense that cryptocurrencies use it. The word seems to only be used for marketing purposes. Those are just an ordinary ledger with some sharding/mirroring.
Blockchain itself just refers to a linked list (the chain) of cryptographically hashed items such as a timestamp and the data it is time-stamping (the block), which is based on previous elements in the chain. This is also how how it is also described in the original Bitcoin paper.
Blockchain doesn't rely on crypto, crypto was implemented using blockchain. Blockchain was invented long before crypto in the early 90s at Bellcore. Crypto may emphasize transactions and combating double-spending (due to nodes being on a public network), but no one is held to crypto's use of blockchain to be blockchain. The Bitcoin paper cites both the original Bellcore paper and its follow-up discussing the use of Merkle Trees, and the Bellcore paper cites patent documents as a potential use-case. So I think what S&P Global and Walmart are doing are valid use of the technology.
Now whether or not cryptocurrency itself or the networks they run on have value is a different story. For what it's worth, one of the use-cases for Corda that I found basically advertised itself as "we are better than transacting with paper" lol.
> The idea is that since data on a blockchain can't be modified on a whim without that change being observed, it protects the integrity of the data being stored.
Audit logs are not a new thing. Immutable data stores are not a new thing. This can be done in any number ways, each of them more efficient.
Moreover, it doesn't help with data entry. Yes, data cannot be modified. And still someone orders bananas and ends up with mouldy tomatoes.
> S&P Global and Walmart, who use it
I very much doubt they use it. All these "use cases" fall apart within a year or two after initial starry-eyed announcements
> Basically it is being treated as a sort of database.
Indeed. Treated like a database. When people treat Kafka as a database, those people are derided and there are entire articles on why you shouldn't treat a read-only append-only log as a database. But sure. Once it's blockchain, it's amazing and the bee's knees.
Honestly why would anyone care about that? I am genuinely curious to hear what reason you have to want that other than rent seeking e.g increasing personal wealth without having to create more wealth.
From what I can tell people who want a fixed supply currency basically just want to sit on it, wait for idiots who actually create wealth to do so and then take an undeserved cut. In other words they want to take the economy hostage for their own special interests and turn the rest of the population into debt slaves and finally reinstate feudalism.
What do you do with your salary in the end of month? I bet you invest part of it. Why do you do that? Are you an investor? Do you think you have enough information to beat the market?
I imagine you don't. You probably invest because you don't want to lose your purchasing power. That's all. This is what fiat system makes us do.
I just want a currency that doesn't push me to have to invest my money all the time only to keep my monetary power. That's it. Simple as that.
No. Obviously not. Money is not an arbitrary or objective thing. It is inextricably coupled to the power invested in sovereign governments. This is not a flaw. It is the product of thousands of years of human progress.
That makes no sense. I wouldn't have to keep repeating myself if crypto people didn't also do the same thing. Also, please don't describe the act of disagreeing as being "in hysterics", that's bad discussion.
It's only tired and copypasta-like because it can't be refuted. He's right. Cryptocurrency had it's shot, here's what we got out of it:
1. People trying to make a currency or interoperable token that they can directly or indirectly profit from
2. People trying to replace traditional object-relational databases or P2P networking with the Blockchain
Neither of those are particularly meaningful to the average person. They buy their Cherry Pepsi with a Mastercard and then listen to Podcasts on Spotify or the preinstalled iPhone app. People won't care about this stuff until it's meaningfully integrated into our lives, which is something all of these cryptocurrencies have failed to do. There is no killer app, there is no data revolution. People have been beating this decentralization drum for decades, and nothing happened. If you think that Cryptocurrency is going to deliver us from surveillance capitalism into another digital golden age, then you're failing to see the entire picture. Luckily, proving this thesis right is simple: we just have to wait and watch as cryptocurrency values continue to plummet, and as VC interest in Blockchain-backed technology dries up. It's looking increasingly correct with every passing day.
It's fun being starry-eyed about cool tech, but the Blockchain is a failed experiment. Our suspected fears are true: running an anonymous, distributed and append-only ledger where anyone can be an operator is a bad idea.
It was obvious the moment Freicoin died. That currency quite literally couldn't be used for speculation. It's only potential use case was as a medium of exchange and that didn't happen.
I mean, they could expand their sample size and the situation wouldn't be any different. Shitcoins come and go, but even the most benevolent of cryptocurrencies don't have a real shot at widespread success.
I'd put open source in a different category. Most people who make a reasonable living doing open source do so because a company is paying them to do so as their day job. There are certainly exceptions but, for most, writing (non-custom) software, writing books/articles/podcasts/video mostly works as either strictly a hobby or as something a company is paying them a salary to work on--at least in part.
why should content creators have to go through a centralized website like Patreon in order to get value from their consumers, giving Patreon a cut in the process? sure it's (for now) more straightforward for end-users, but as a content creator you're locking yourself into the Patreon Platform, you're building (at least some subset of) your content and your business around it being specifically "Patreon content". I'm generally wary of anything cryptocurrency but Podcasting 2.0 seems like an absolutely solid use-case of Bitcoin and Lightning—anything that helps to prevent centralized platform lock-in for content creators should be applauded!
> why should content creators have to go through a centralized website like Patreon in order to get value from their consumers, giving Patreon a cut in the process? sure it's (for now) more straightforward for end-users…
You answered your own question, but there's also no reason to use a "centralized website" (i.e. a 3rd-party service) if it doesn't add value. You just handle the subs yourself and provide a unique feed URL in return.
sure, if you want your podcast's business model to be "you must pay to access this content." it has been argued that this is not the best business model for a podcast, as you're either locking out your entire audience until they decide to start paying, or if you go for the "regular podcast is free but Paid Members get access to additional content" model, then you're producing content that only a fraction of your audience gets to experience. if you're doing a weekly show with an additional bonus paid weekly show, this can lead to situations where something is discussed at length on the the bonus paid show, and then referenced on the free show, leaving unpaid members in the dark as to wtf you're talking about.
this is the traditional model of subscription-based content, but Podcasting 2.0 is based upon the "value-for-value" idea, where listeners are encouraged to willingly give money to support the show, possibly in exchange for a shout-out (akin to YouTube "Superchats") or something like that. the model sounds unintuitive, but it has sustained No Agenda since the late '00s, and other shows as well.
another podcast I tune into every week and love does the Patreon thing. they do a free, public weekly show, and an additional bonus show only for paid Patreon subscribers. I pay them through Patreon (who takes a cut) for the privilege of accessing a link to an unlisted YouTube video each week to watch the bonus show (which they explicitly refer to as a "bonus Patreon podcast" in the show itself! why intertwine your brand with Patreon like this?!). each week the bonus show gets less than 100 views, yet the cohosts go out of their way to record an additional 30-40 minute show just for these under-100 viewers. this does not seem like a sound business strategy to me compared to value-for-value.
> …the model sounds unintuitive, but it has sustained No Agenda since the late '00s, and other shows as well.
Yes, donations are the oldest monetization model for podcasts, and this is even easier to do than authenticated feeds. Certainly, it does not require "blockchain technology".
One reason of course might be that i am listening to Jupiter Broadcast and Chris pushes this stuff hard, really annoying me with the constant talk about lightning and especially the boosts, which seem to take over half the show, because somehow he seems not to realize that the problem he has in getting regular supporters is the insane price he asks (last i looked about $2,50 per episode), but likes to give everyone several minutes of the show who sent him 20 cents.
But I think my misgivings go further than that and i am especially concerned about this taking over podcasts or even open source, because while I do understand that people need to eat, I think these two ecosystems especially thrive because so many people contribute to them without profit being their first motive. I would not ask people to do work for free, but I often find that that when profit comes into it, quality starts to suffer and ideals get lost.
Sure, lightning is in some ways similar to patreon etc. because it might still be user financed, but I feel the unpredictability of getting funds, the more attention focused model, will have similar effects on creators than other platforms with similar models do and I am mostly not fond of this.