The financial press is obsessed with blockchain. I’m sure there is something to that (payments? Real estate ledgers?), but this isn’t it.
YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
101–110 of 295 posts
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#102Earlier quoted context omitted.
You certainly don't need blockchains and distributed databases to reward creators, centralized solutions like Patreon work perfectly fine. If you want Netflix style monetization, that is not a technical problem but a social one, Netflix relies on the concept of copyright. Any community that does not respect copyright will switch to the free alternative, leaving voluntary donations as the only monetization option. May…
I don't agree with your Netflix story. Most people don't prefer free, they prefer convenience. Spotify almost works properly as a centralized platform because almost all music is on there. But I know a few albums that aren't, and it's too bad. For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all…
Exactly, convenience is the most important part and here is where netflix et al has failed miserably.
1. All clients suck immensely.
2. The catalog is really poor.
3. DRM. I don't think you could describe inconvenient better than with those three letters.
If I could pay, say $30 a month, to legally pirate (not from any official source even) any movie/series I want I'd pay that in a heartbeat ($30 is still more than I consume if I were to buy it in a store). But now I don't have any service because it isn't worth it. I don't get the convenience and I don't get a decent catalog and I would have gotten it with DRM.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#103Earlier quoted context omitted.
You certainly don't need blockchains and distributed databases to reward creators, centralized solutions like Patreon work perfectly fine. If you want Netflix style monetization, that is not a technical problem but a social one, Netflix relies on the concept of copyright. Any community that does not respect copyright will switch to the free alternative, leaving voluntary donations as the only monetization option. May…
I don't agree with your Netflix story. Most people don't prefer free, they prefer convenience. Spotify almost works properly as a centralized platform because almost all music is on there. But I know a few albums that aren't, and it's too bad. For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all…
People are willing to pay for convience, but only so much. A lot of what gets torrented is easily and very conveniently available on iTunes, Playstore, or Amazon Instant, but it costs 5 bucks.
What isn’t convient about HBO Now (assuming you are in the USA)?
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#104The real question is whether wider audiences of valuable consumers will follow the defecting creators. This feels like a repeat of gab/voat but for video. Neither of those platforms seem to have broken outside of their core bases of “original defectors” to become real contenders to their predecessors (twitter / reddit).
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#105Earlier quoted context omitted.
I don't agree with your Netflix story. Most people don't prefer free, they prefer convenience. Spotify almost works properly as a centralized platform because almost all music is on there. But I know a few albums that aren't, and it's too bad. For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all…
> For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all convenient. What is inconvenient about subscribing to HBO Now? You have to do more work to find/download an episode of GoT compared to streaming via HBO Now. Or you could stream the episodes from Prime. Same with Walking Dead. There are rare…
I live in Belgium, and so it already ends there.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#106Earlier quoted context omitted.
I don't agree with your Netflix story. Most people don't prefer free, they prefer convenience. Spotify almost works properly as a centralized platform because almost all music is on there. But I know a few albums that aren't, and it's too bad. For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all…
Exactly, convenience is the most important part and here is where netflix et al has failed miserably. 1. All clients suck immensely . 2. The catalog is really poor. 3. DRM. I don't think you could describe inconvenient better than with those three letters. If I could pay, say $30 a month, to legally pirate (not from any official source even) any movie/series I want I'd pay that in a heartbeat ($30 is still more than…
I'll grant you #2 since tastes vary and even the catalog varies from month to month. But for the vast majority of people, #1 isn't true, and #3 is irrelevant. Neflix's (growing) subscriber numbers are all the evidence you need for that.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#107Earlier quoted context omitted.
I think I just triggered a Vegan :) I have respect for Vegans despite being a huge meat lover. What I mean by extremism is that Vegans are extreme and controversial form certain philosophies and eating habits and those serious about Veganism more often than not claiming that people who eat meat are murderers and should be treated as such, framing this as "Us the spotless goodies vs them unredeemable baddies". In my b…
We already have Quorn burgers and they're great. The problem with going vegan isn't burgers; it's decent cheese, and milk to put in my tea. And something to replace eggs in cake. And something to make boots out of if veganism is to go beyond food. I hope these problems will be solved one day. We can't stop animals from getting harmed. They harm each other in the wild in terrible ways. All we can do is keep our own ha…
Interesting note, veganism effectively requires the extinction of most farm animals, since these species very likely could not survive in the wild.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#108Earlier quoted context omitted.
Systems that promise to pay for content production create a massive, direct incentive to game the system and spam it.
Yep. Don't get me wrong, I really want these guys to win, but the current system is just not good enough. I don't know how exactly they'll go around solving that problem though.
There are well-established systems to pay for content. The problem is that they're very manual, take a big cut, and are relatively selective. They go by names like publishers, labels, studios, and so forth. They actually work for some definitions of work but you have to be OK with relatively high barriers to entry and with a clearly-defined gatekeeper role.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#109Roughly 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...
They still are anything but sad about it. The amount of pirated music on their platform is mind boggling.
Re: YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals
#110Earlier quoted context omitted.
I don't agree with your Netflix story. Most people don't prefer free, they prefer convenience. Spotify almost works properly as a centralized platform because almost all music is on there. But I know a few albums that aren't, and it's too bad. For Netflix, I have a subscription. But guess what I do when I want to watch the latest Walking Dead or Game of Thrones. I want it convenient, preferably legal, but most of all…
How is subscribing to HBO inconvenient? It's a combination of price and convenience. There's some upper limit to the monthly price you (and everyone else) is willing to pay for content.
First of all I live in Belgium, so no HBO here (some other European countries do have it I see, it's basically a lottery).
There is indeed an upper limit for everyone. If I need to pay >50 euros/month and still get ads, no thanks.