17zmPi…WWU2

"Independent thinking" and "thinking" are the same thing.

"Group thinking" is some kind of mental activity, but it's not thinking.

"Bitcoin is not a religion!"

Yet somehow, our dinky podcast on a niche topic hosted on an obscure website had around 70 listeners paying $2 each for the latest episode...

Reminds me of Adam Back saying that the smartest thing to due to avoid high fees on BTC is to pay his company and use Liquid instead.

I'm trying to find a word for this.

It's like celebrating that the firemen finally left the fire and let the arsons burn down the house.

Ambitious drive is ultimately fulfilled by love and nothing else

You are trying to achieve love, whether you realize it or not.

I feel like we've just seen a demonstration that the internet has no idea how to price information.

We've had a one-size-fits-all dumpster model for twenty years. Who knows how things will change?

Plus, no revenue-share on YouTube, which has all kinds of potential.

I don't know what the "right" price for a podcast is, but I think it's more than "free plus ads."

If we can onboard the normies, we'll be in a new paradigm for sure.

I don't think the fact that the product is digital makes a difference here.

Regarding the Numpties, I don't have an opinion on what the "correct price" should be.

Some shows have entire teams producing them, and they are plausibly $5+ value per episode.

That's not how it works. The price paid by consumers is relative to the expected value from a product and nothing else.

Hence, Hollywood exists, despite selling the exact same product to millions.

I've got a podcast of 100 episodes in which I've sold sponsorships and monetized through Patreon

My listeners don't expect to pay for a "podcast"

But if I assembled my 100 episodes together into a 100-hr philosophy "course", people would pay $100

Odd...

For contrast, the value of a youtube view is somewhere around a half a penny.

Imagine if Hollywood went by the dumpster model: spend millions producing a movie, then blast it out for free to everybody and sell ads.

That would be bizarre!

Some huge podcasts have large teams producing them. Why should they follow the dumpster model?

Creators and consumers preferences have become completely distorted from years of free content.

"Does this awesome hour-long video create a dollar worth of value for you?"

The answer is an obvious, screaming "Yes!" So why isn't this value being captured?

Reality check: people pay $5 for a fucking cup of coffee. If we're being real, has that podcast you love generated a comparable amount of value as the coffee?

Probably.

It's mind-blowing to think that a podcast or video could plausibly generate $5/view.

It's clear from the Numpty Bunch that there's a massive disconnect between the value created by content creators and the revenue they generate on mainstream online platforms.

YouTube is like a gigantic dumpster trying to be a restaurant.

Streamanity feature for creators who already have a YouTube presence:

Pay to auto-download and re-upload videos from youtube.

Just paste the link, like https://www.savethevideo.com/.

Could charge depending on filesize.

@255

Truth is the abstract form of love.

Next stop: retirement. Or maybe a yacht.

Gold just broke its all-time high.

The more I observe, the more difficult it becomes to see other humans as individuals. They seem closer to empty sponges which absorb their environment. Their thoughts, values, and preferences are not their own.

There is no greater success than reaching the loving state of mind.

Perhaps freedom is so American because of our history of immigration. With so many diverse groups, we needed political freedom to ensure social harmony.

The American trend towards cultural tribalism and against political freedom is a terrible mixture.

What if humans don't make good experts?

http://steve-patterson.com/a-seed-of-doubt-experts-and-incompetence/