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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

#51

Post by annabellish »

maxencecornet wrote: post #12
ForHackernews wrote: post #6

Hahahaha, no they are not.

How do you know that ? Are you familiar with Dtube or steemit ? As a Dtube user, It's true that there are more and more content creators everyday on the platform. The amount of content is still veeeeery far away for Youtube's, I'm pretty sure Youtube/Medium/Twitter don't really care about their blockchain-based counterparts right now, because of how small and hard to scale they are

As far as I can tell, both are very small scale and not showing much by way of legitimate growth. They certainly seem to be showing illegitimate growth, though.

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

#52

Post by mrtksn »

hjek wrote: post #48
mrtksn wrote: 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

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 books, that's extremism.

But hey, I get your point and I'm more than excited about lab grown burgers so we can have all the meat we want without harming the animals.

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

#53

Post by Shoue »

mrtksn wrote: 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 also (unintentionally?) shed light on a potential link between cryptocurrency rewards and piracy authors. Given the progress in the Confidential Transactions world, e.g. RingCT and Bulletproofs, which could – whether you think this is bad or not – significantly incentivise pirates.

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

#54

Post by cornholio »

mrtksn wrote: 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.

Maybe there is a blockchain niche where content is offered freely but ad supported, with the experience painless enough not to motivate users to switch to the ad-free alternative. The revenue would then be necessarily modest, but would be redirected to the creators almost in full, compensating the massive Youtube cut.

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

#55

Post by Fnoord »

ctraynor wrote: post #36
mrtksn wrote: 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…

> What you're describing seems to be pretty much exactly polarization. [...]

It is, but its also more.

OP wrote:

> The moment that you make a content that advertisers might find controversial you risk losing your reward for that content so advertising financed media fails to capture anything beyond the mainstream entertainment.

This described self-censorship. Wikipedia has a nice article about that, including many examples. [1]

[1] https://en.wikipedia.org/wiki/Self-censorship

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

#57

Post by BadassFractal »

pjc50 wrote: post #44
BadassFractal wrote: post #38

Earlier quoted context omitted.

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.

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.

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

#59

Post by gr33nman »

catamorphismic wrote: post #30
mrtksn wrote: 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…

"Uniformization" sounds like a better fit, if we are searching for a more conventional word.

Or “Homogenization”

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

#60

Post by ebbv »

What a load of crap. Major channels are not giving up their enormous paychecks from Google to take a flier on blockchain powered alternatives with no audience on it.

The only people switching are people who have a vested interest in everything blockchain or those who are being driven off Youtube by the ad policy changes.

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