121–130 of 145 posts
I'm not too up-to-speed with Patreon, is it like twitch but for any type of creative content?
Patreon is fascist.
It would likely get your point across better and might spur some useful discussion. With the type of info asymmetry inherent in most discussions, people lacking your knowledge on this subject are likely to quickly dismiss statements like this.
Oh god, now they're trapped in the endless useless growth demand cycle. Too bad, I enjoy supporting a few artists on there and it's just a matter of time until this hurts them.
Seriously, I enjoy having my comics supported by my fans there and I'm not looking forwards to them having to Make A Profit.
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Well, YouTube seems to be punishing any mildly controversial topic, so the positive side is that Nazis and other crazy people can't use it as a viable platform, but on the flip side you can't really talk about anything really serious without getting your ad revenue cut.
By "Nazis" you mean Jordan Peterson? Because it's the likes of him that are getting banned - in his case temporarily, thank god, but non-ultra-leftists without large social following are doomed.
Based on https://patreonhq.com/creators-have-made-100m-on-patreon-ddf... , seems like they are growing at about 2.4x/year. They will do $7.5 million in net revenue in 2017. Then assuming the growth rate doesn't slow (remember, growth rates usually get slower over time), $18 million in net revenue in 2018, and $43 million in net revenue in 2019. Net revenue, not net income. $450mm seems overvalued.
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Shouldn't we take a moment to consider the irony of monetizing a video promoting anti-capitalist philosophy?
The capitalist system is the one we have now. Even people who dislike it and want it changed have to live within the system as it currently exists.
Has anyone even formulated and proposed any notionally viable alternatives? Apart from the vastly destructive and murderous attempts of communism in the past century.
Not saying the implementation of the current system is optimal, of course, but I think over time things tend to converge on that which does the most good for the most people.
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Currency exchange is too high of a barrier for supporters. A large portion of Patreon is artists asking for support for content they offer for free, with only token benefits for the supporters. Making the act of giving money as simple and convenient as possible is key in that scenario. Using a crypto-currency is pretty much the opposite.
No, I mean one crypto-currency specifically designed for what Patreon does. Instead of paying Patreon with a credit card, you'd pay to buy this crypto currency. And then distribute it micropayment-style to all kinds of things. Isn't anyone doing that? IMHO the hardest part is the Coinbase thing - collecting credit cards and dealing with chargebacks etc. in a compliant way in many countries. The other stuff is easy -…
If you're talking about something that's only usable on Patreon, then why a crypto-currency? It could much easier just be like gems in a clicker game. But then, they'd get some bad press for basically making people use casino chips.
Patreon is fascist.
If you took a few minutes to write out a few sentences, like Patreon's recent actions of X, Y, and Z run counter to the sort of values we should promote in a free and open society... It would likely get your point across better and might spur some useful discussion. With the type of info asymmetry inherent in most discussions, people lacking your knowledge on this subject are likely to quickly dismiss statements like…
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5% is not earnings, it's revenue. A tiny fraction of that will be earnings. Hence a problem with the valuation. Assuming they have 10% margins - that means sales of 10x what you described in order for the valuation to make sense. Note that Twitter and many others, have never even turned a profit, and are still billions away from breaking even.
I would expect variable costs for Patreon to be very low, and this their margins to be way higher than 10%, especially if they continue growing.
One would 'expect' Twitters 'costs' to be low as well, I mean, it's a very simple service, and 'infrastructure costs' are not huge for them.
And yet - they still lose money.
Taking on a huge amount of money is an easy way to start being inefficient. This is looking like an 'Etsy' story.
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Shouldn't we take a moment to consider the irony of monetizing a video promoting anti-capitalist philosophy?
No? Capitalism doesn't own the idea of "markets", "sales", etc. Rather, the distinction between capitalism and most other economic theories relates to the ownership of organizations and the splitting of the revenues from sales between different economic factions, eg capital and labor. Capitalism is the position that ultimately, capital should own the organization, while things like socialism argue that the people who…
There is nothing in the current system that prohibits people performing work from owning the fruits of that work.
How does socialism supersede capitalism's benefit of promoting the transfer of economic value in the form of currency, or capital, from one creative realm to another which has immense creative potential over a less abstracted approach?
Are you saying that socialism basically boils down to prohibition of people owning anything that they did not make with their own hands? And I guess handmade goods can be traded? Do they lose trade potential after they've left the hands of their original creator?
I've generally seen capitalism, not as some sort of cause that emerged from some Magnum Opus and was subsequently cheered on by ideologues in the way of socialism/marxism/communism, but rather as essentially an outgrowth of fundamentally true aspects of nature. Things have costs, energy is cycled and exchanged, etc.
Not to say societies shouldn't have laws and regulations, but when you try to impose laws and regulations that run counter to natural orders and fundamental truths you inevitably run into trouble.