Live data from Hacker News

YouTube and Facebook Are Losing Creators to Blockchain-Powered Rivals

bloomberg.com

231–240 of 295 posts

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

#231
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…

Perhaps the biggest problem with Youtube is discoverability. Youtube's algorithms determine what you will see next. How is that solved on the decentralized platforms? How does discoverability work, what assumptions does it make, and can it be "gamed"?

Good question. For discoverability to work well, you'd have to be able to identify a particular user, then track their viewing habits, then develop a viewing profile for them that you can do matching against.

The technical aspect of this is a mostly solved problem (YouTube and other distributors do it) but getting past the privacy aspects will be challenging - the type of person to use a distributed platform will also likely be using it to avoid this sort of tracking. Or they're in a country that has GDPR-like laws.

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

#232

Earlier quoted context omitted.

Or the random person who uploaded it.

Youtube automatically identifies almost all copyrighted music when videos are uploaded and copyright owners can decide who will be the one to monetize it. Almost all of the major players have the monetization assigned to themselves.

This system actually is renowned for false positives and generally poor classification with no recourse for fixing its mistakes. A funny and telling related story: http://www.bbc.com/news/technology-42580523

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

#233

Earlier quoted context omitted.

They still are anything but sad about it. The amount of pirated music on their platform is mind boggling.

A lot of that is fully monetized by the copyright owners.

Now maybe, but not when starting up.

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

#234
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…

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…

>centralized solutions like patreon work fine

Patreon, like existing solutions, is willing to remove people they don't like. In order to fully disassociate yourself from the whims of a corporation, you need to have a decentralized solution.

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

#235

Earlier quoted context omitted.

Or the random person who uploaded it.

Youtube automatically identifies almost all copyrighted music when videos are uploaded and copyright owners can decide who will be the one to monetize it. Almost all of the major players have the monetization assigned to themselves.

Do you have any data on that? In practice I’ve only seen this for semi-recent top40 major label releases.

I’m referring more to the sheer volume of back catalog older/indie music that users have digitized from vinyl. I’ve talked to several indie label managers who gave up years ago trying to monetize/fight youtube with c&d letters.

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

#236

Earlier quoted context omitted.

Probably because left+ extremists don't inherently have dehumanization and genocide as part of their political and moral beliefs. You can disagree with economic allocation theories, but it's really not appropriate to compare the two.

Yes, the only thing they have going for them is that the initial factor they use for putting someone against the wall is economic and not race based. They still put innocent people against the wall. How is this not clear to you?

>How is this not clear to you?

Because it's objectively a straw man and isn't based on anything except your ideological preconceptions?

>the initial factor they use for putting someone against the wall is economic and not race based.

* Huge citation needed

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

#237

Earlier quoted context omitted.

Perhaps the biggest problem with Youtube is discoverability. Youtube's algorithms determine what you will see next. How is that solved on the decentralized platforms? How does discoverability work, what assumptions does it make, and can it be "gamed"?

Why does the algorithm have to show you what content to watch? Just have it a good search and tagging system and the user will figure out what they need.

A search system cannot replace a recommender system and vice versa, they are very different use cases with very different needs.

For any type of media, whether it's songs/bands on a music streaming service, video content on youtube, or even complementary goods in an online store, a good recommender system can and will suggest things that I would never have thought of (because I didn't know it existed) and thus could never have found with any search or tagging system.

How do I search for a song that's similar to those that I listened just now (and genre tags don't really work, they're far too broad, subjective and inaccurate) and that's explicitly not one of the songs which I remembered and just heard already?

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

#238

Earlier quoted context omitted.

By violating the copyright of the content you are stealing the creators money. I'm surprised the meme that copyright violation is "different" than stealing is still a meme. Yes, copyright violation is not "stealing", but the majority of the time the end result is "stealing" money from the content creators.

Who is stealing which money when I watch a video of a song on Youtube? Do you really think I would have bought all those songs if they were not available on Youtube?

If you are a content creator on youtube and I reupload your video and place ads on it, I am stealing ad revenue from you.

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

#239

Earlier quoted context omitted.

How did you jump from talking about left politics on the internet to literally murdering 100 million people?

Because that's what has happened at the extreme left (Stalin, Mao). If someone ignores the evils of fascism, would you not inform them?

[flagged]

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

#240

Earlier quoted context omitted.

> The BBC has such an extensive and amazing back catalogue of content they wholly own. No it doesn't. The BBC wholly owns virtually nothing. http://webarchive.nationalarchives.gov.uk/20140603125500/htt... http://www.bbc.co.uk/archive/contributor_rights.shtml?chapte... https://www.theguardian.com/law/2010/nov/25/bbc-archive-onli... And more importantly, the things it does wholly own, it very rarely knows, legally, tha…

It would be awesome if blockchain could solve the issue of rights management at the scale of media content. Tracking ownership of the individual parts (script, logos, video, etc) as well as the transfer of ownership of those parts.

The underlying data is unreliable. Throwing technology at it doesn't change that.
Post reply on HN