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Paying Netflix $0.53/H, etc.

taylor.town

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Re: Paying Netflix $0.53/H, etc.

#111

Post by jorvi »

danpalmer wrote: post #66
rglullis wrote: post #55

Earlier quoted context omitted.

The BAT only leaves the user wallet if the creators joins the program. There is no black hole.

Ah good, that's better than Flattr and previous attempts at this then. Does this mean that if none of the creators you support accept BAT then you aren't paying anything? Does it mean that if just one of them accepts it then you're paying all of your BAT to them? What if you mostly watch YouTube channels of people who wouldn't be onboard with it, but get linked one video by someone you don't like but they do accept i…

> Does this mean that if none of the creators you support accept BAT then you aren't paying anything?

Creator's can't really opt out of BAT afaik, Brave will just hold the BAT in escrow until they make an account. Brave itself doesn't really benefit. Maybe from a value increase in BAT? I'm not entirely certain how much they seeded to themselves, but I can't imagine much if at all because of the optics.

Whilst it is not ideal, you have to remember that this is a three-step from a previous situation:

1. No one has adblock, security and privacy are deeply compromised

2. 'Everyone' has adblock, ads are blocked, creators make no money

3. Some users start to use BAT, those users now actually pay for content again

Re: Paying Netflix $0.53/H, etc.

#112

Post by jorvi »

pcthrowaway wrote: post #74
danpalmer wrote: post #66

Earlier quoted context omitted.

Ah good, that's better than Flattr and previous attempts at this then. Does this mean that if none of the creators you support accept BAT then you aren't paying anything? Does it mean that if just one of them accepts it then you're paying all of your BAT to them? What if you mostly watch YouTube channels of people who wouldn't be onboard with it, but get linked one video by someone you don't like but they do accept i…

See my other comment, https://news.ycombinator.com/item?id=38685162 It's impossible for many creators to actually benefit from the program (but this isn't straightforward when they sign up, which does in fact leave a black hole)

You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check.

So much for a black hole.

Re: Paying Netflix $0.53/H, etc.

#113

Post by jorvi »

pcthrowaway wrote: post #72
rglullis wrote: post #34

Earlier quoted context omitted.

I wonder if there would be interest in a non-crypto version of the Brave program. In theory, that's exactly what they do: you set a total monthly donation and which creators you want to support, and the browser keeps track of how much each should get at the end of the month. Unfortunately, what ended up happening is that the program is too complicated for people with disposable income who would be interested and it g…

Not to mention, it's pretty much impossible to get paid with the program in a lot of (most?) countries. As in, you get paid in BAT in some custodial service, but you can't really get it off that service to trade it to your local currency and get it into your bank account. You can't get it onto a blockchain to swap on a DEX and convert to USDT or whatever. And if you can, you'd be eaten away by fees. Add to that, tax…

You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check.

So much for a black hole.

Re: Paying Netflix $0.53/H, etc.

#114

Post by pcthrowaway »

jorvi wrote: post #112
pcthrowaway wrote: post #74

Earlier quoted context omitted.

See my other comment, https://news.ycombinator.com/item?id=38685162 It's impossible for many creators to actually benefit from the program (but this isn't straightforward when they sign up, which does in fact leave a black hole)

You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check. So much for a black hole.

So you pay $20-30 to send your BAT on Ethereum to your exchange, where you then pay additional trade and withdrawal fees.

You must be making a lot of BAT for this to even be worth it. I haven't seen anyone on https://www.reddit.com/r/BATProject report making more than ~$10/month, and the overwhelming majority just make anywhere from $0.20 - $5/month. So maybe in two years it's going to be worthwhile for them to go through the withdrawal steps.

In the meantime they technically have to report their BAT distributions as earnings against their income (so they pay taxes for them). Then track the average cost basis til the time of their eventual disposal.

In many countries, the network fees, trading fees, and withdrawal fees won't be deductible unless they're filing as a business. So they may even lose money throughout the process when you take additional taxes into account.

And either way it's a tax headache, and you risk opening yourself up to penalties if you file improperly, or paying an accountant extra to sort through everything for you.

Re: Paying Netflix $0.53/H, etc.

#115

Post by pcthrowaway »

jorvi wrote: post #113
pcthrowaway wrote: post #72

Earlier quoted context omitted.

Not to mention, it's pretty much impossible to get paid with the program in a lot of (most?) countries. As in, you get paid in BAT in some custodial service, but you can't really get it off that service to trade it to your local currency and get it into your bank account. You can't get it onto a blockchain to swap on a DEX and convert to USDT or whatever. And if you can, you'd be eaten away by fees. Add to that, tax…

You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check. So much for a black hole.

So you pay $20-30 to send your BAT on Ethereum to your exchange, where you then pay additional trade and withdrawal fees. You must be making a lot of BAT for this to even be worth it. I haven't seen anyone on https://www.reddit.com/r/BATProject report making more than ~$10/month, and the overwhelming majority just make anywhere from $0.20 - $5/month. So maybe in two years it's going to be worthwhile for them to go through the withdrawal steps.

In the meantime they technically have to report their BAT distributions as earnings against their income (so they pay taxes for them). Then track the average cost basis til the time of their eventual disposal.

In many countries, the network fees, trading fees, and withdrawal fees won't be deductible unless they're filing as a business. So they may even lose money throughout the process when you take additional taxes into account.

And either way it's a tax headache, and you risk opening yourself up to penalties if you file improperly, or paying an accountant extra to sort through everything for you.

Re: Paying Netflix $0.53/H, etc.

#116

Post by bluedays »

imkingginger wrote: post #93
bluedays wrote: post #89

Earlier quoted context omitted.

Is it though? Because if they were doing something that good wouldn't I have heard of this service by now? I have a pretty good (I would wager better than most) understanding of which streaming services are available but I've never even heard of this one.

They just soft launched in June and are currently raising capital for marketing and customer growth. So it makes sense why you wouldn't hear from them.

Also, after a quick Google search, it looks like it's religiously affiliated. They don't seem to make that apparent on their website though.

Re: Paying Netflix $0.53/H, etc.

#117

Post by rglullis »

pcthrowaway wrote: post #115
jorvi wrote: post #113

Earlier quoted context omitted.

You can trade BAT on Coinbase, Binance and Kraken. Probably a lot of smaller exchanges as well, those just seemed like the most logical one's to check. So much for a black hole.

So you pay $20-30 to send your BAT on Ethereum to your exchange, where you then pay additional trade and withdrawal fees. You must be making a lot of BAT for this to even be worth it. I haven't seen anyone on https://www.reddit.com/r/BATProject report making more than ~$10/month, and the overwhelming majority just make anywhere from $0.20 - $5/month. So maybe in two years it's going to be worthwhile for them to go th…

Either people are making enough money to withdraw, or the amount is so low that is not required to be reported. No tax authority will come after you because you didn't declare the $100 bucks worth of crypto you got in one whole fiscal year.

Re: Paying Netflix $0.53/H, etc.

#118

Post by motoxpro »

DiggyJohnson wrote: post #96
danpalmer wrote: post #71

Earlier quoted context omitted.

Oh sure I realise rationally that it's fair, but given that my aim is somewhat to support creators and somewhat to feel good about supporting creators, it doesn't really help me on the latter because irrationally it feels unfair. I am not sure lots of people would be doing this though.

Seems like you are stuck not supporting creators til you can support all the creators you may reasonably choose to support.

I always think this is an intersting piece of human behavior. Either having to be perfectly "good" or not do anything at all. People do 0% instead of doing 5% because intellectually they understand what 100% looks like

Re: Paying Netflix $0.53/H, etc.

#119

Post by PoignardAzur »

caslon wrote: post #84
notatoad wrote: post #54

Earlier quoted context omitted.

> I would like to support This is the attitude that makes people fork over $70/hr to CGPGrey. I like these people's content, and want to support them too. But they don't need my financial support. They're all making way more money than me and probably you. If they wanted some sort of micropayment they could ask for it, but they're all pushing for the $10/month rate instead. Your $1/mo is so inconsequential to them th…

Micropayments on the internet don't work. Payment processors charge 30¢ per transaction, plus a percentage. We are not in a system that allows for micropayments to work. You list a very famous content creator. On the other hand, there are lots of content creators who actually are struggling, and not making half as much as a minimum wage worker despite working longer hours than full-time. If you look at the Twitch lea…

> Micropayments on the internet don't work. Payment processors charge 30¢ per transaction, plus a percentage.

From what I remember, Patreon solves this by bundling all micro-payments together on the same day.

So if you have twenty 50¢ pledges, first you pay 10$ to Patreon, then Patreon spreads that money between creators. The final overhead is only paid once per user and once per creator.

Re: Paying Netflix $0.53/H, etc.

#120

Post by dr_kiszonka »

Smartphone use per hour seems to be $0.18 in the US using 2023 numbers, excluding all other costs (data plan, charging, etc.), on average.

Average daily use time is 276 minutes or 4.6 hours [0]. Average smartphone price is $790 [1]. I am assuming people switch phones every 2.5 years.

790/(4.63652.5) = $0.18

0. https://www.statista.com/statistics/1045353/mobile-device-da...

1. https://www.androidauthority.com/average-smartphone-cost-202...

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