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YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

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Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#42
post #11

Roughly half of the content is about cryptocurrencies. The other half is stolen content (e.g. https://d.tube/#!/c/nba-highlights ). I don't think YT and FB are sad about losing those types of "creators".

YT wasn't very sad about stolen content when they were starting up...

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#43

The article has an interesting perspective, but it doesn't answer the perennial question - How many creators exactly? Then there is this: > , a growing swath of creators have fled to sites such as DTube to avoid the constraints. Like other upstart sites, DTube runs on the blockchain network Steem, and users can pay creators and commenters in digital tokens. The article doesn't go beyond Dtube and Steemit at all, even…

> Actually, on reading it closely this is a submarine piece if there ever was one. Never heard the term "submarine piece" before - care to explain its meaning and origin? (Googling yielded nothing)

http://www.paulgraham.com/submarine.html

It's a PR piece masquerading as a news article, supported by the reporter's relationship with PR reps for the named companies. Not that it was planted or bought. It's just lazy reporting. Write up a summary of what your friends and/or acquaintances say, don't do any real background, and definitely don't be skeptical of any claims. Accept terms like "blockchain" as something it makes sense for video streaming sites to be built on. You end up with an article that took little time to write, gets plenty of clickthroughs thanks to its great headline. Another deadline met.

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#44
post #25

STEEM is full of bots and content with purchased upvotes. (most articles have more upvotes than views, funny, hey?) There are only about 60.000 active users and this number is stagnating for months. No way, that Facebook or Youtube are loosing users towards this platform.

Was also disappointed by Steemit. I liked the concept and wanted it to work, but in practice the service was 99% people (or bots) trying to game the system uploading garbage. Any real quality content gets drowned among spam.

Systems that promise to pay for content production create a massive, direct incentive to game the system and spam it.

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#45
post #28

Earlier quoted context omitted.

Can you give a bit more detail on the term "Averagisation", couldn't find much about it from a quick google. What you describe sounds more like polarization.

I just coined that word, but you are right that it is polarisation in a sense that it's either too light or too heavy. However, what I mean by "Averagisation" is that all the content begins to look like the previous one and as the trend is to drift either to the most monetizable or most politically extremist. I wouldn't call this polarisation because these are not polar opposites. The "nice, advertisers friendly" con…

https://en.wikipedia.org/wiki/Hotelling%27s_law

(Why ice-cream stands on a beach bunch together in the middle instead of being conveniently - for customers - distributed.)

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#47
post #28

Earlier quoted context omitted.

I just coined that word, but you are right that it is polarisation in a sense that it's either too light or too heavy. However, what I mean by "Averagisation" is that all the content begins to look like the previous one and as the trend is to drift either to the most monetizable or most politically extremist. I wouldn't call this polarisation because these are not polar opposites. The "nice, advertisers friendly" con…

What you're describing seems to be pretty much exactly polarization. You get one set of creators who want monetary gain and so their content fits within certain limits. Over time this will create more similar content as they watch what works for other people. The other set of creators have different goals and don't care about monetary gain. The popular parts of this content will also tend to local maximum based on th…

An iPhone unboxing video is not a polar opposite of a video complaining about feminists.

I wouldn't call this polarisation even if it can be described as the polarisation of income models because my concern is about the content of the videos.

I find it disturbing to see comments on HN completely disregarding the content and context and default to monetary optimisation.

I believe that people and their creations are what matters and the business models around those are incidental, despite the fact the business is influencing the content.

People always sing songs but the way they profit from this keeps changing over time. Selling tickets, selling recording, selling streaming, selling right - all change as the technology and society changes.

Therefore, I think that the polarisation is not the right word here as there is no polarisation of the content of ad-friendly and controversial content. They might be polarised among themselves tho, like iPhone vs Samsung and MAGA vs Antifa.

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#48
post #15

You know what's interesting? A Decentralised media platform used to be huge and actually is still huge: Torrents. There's a huge community that consumes media that's not hosted anywhere particular and there are apps like Popcorn Time that offer viewing experience almost as good as Netflix. The problem, of course, is that up until now there was no way to reward the creators and almost all the media consumed on Torrent…

Such a big problem with people hoping to be rewarded with political influence. Even Paul McCartney has been diluting Youtube with extremist videos[1] about veganism.

[1]: https://www.youtube.com/watch?v=NnNFryHonQo

Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

#50
Yours.org is is my favorite example of this. Writers of articles receive Bitcoin Cash from the community. Interestingly, it costs Bitcoin Cash to upvote content and comment on things. Presumably this helps combat upvote bots and spammers.

Edit: forgot to mention that if you upvote content, later upvotes of the same content earn you money. This incentivizes people to discover and promote new content they think will be popular on the platform.

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