It's clear from the Numpty Bunch that there's a massive dis…

Twetch ·

It's clear from the Numpty Bunch that there's a massive disconnect between the value created by content creators and the revenue they generate on mainstream online platforms.

YouTube is like a gigantic dumpster trying to be a restaurant.

Replies

Twetch ·

Creators and consumers preferences have become completely distorted from years of free content.

"Does this awesome hour-long video create a dollar worth of value for you?"

The answer is an obvious, screaming "Yes!" So why isn't this value being captured?

Twetch ·

Reality check: people pay $5 for a fucking cup of coffee. If we're being real, has that podcast you love generated a comparable amount of value as the coffee?

Probably.

It's mind-blowing to think that a podcast or video could plausibly generate $5/view.

Twetch ·

Incentives aligned right in connection with the right timing, maybe @255 can pull it off with @14352 being a leader in this forgotten era of value.

We paid several dollars before for paper printed news that most of us spent 10 minutes on.

Twetch ·

Imagine if Hollywood went by the dumpster model: spend millions producing a movie, then blast it out for free to everybody and sell ads.

That would be bizarre!

Some huge podcasts have large teams producing them. Why should they follow the dumpster model?

Twetch ·

You can't sell the same coffee thousands of times, so not comparable.
Honest opinion: I had fun watching some of your content, but If I had to choose between having 10 coffees and watching 10 numpties the coffees would win by far, no doubt.

Twetch ·

I don't think the fact that the product is digital makes a difference here.

Regarding the Numpties, I don't have an opinion on what the "correct price" should be.

Some shows have entire teams producing them, and they are plausibly $5+ value per episode.

Twetch ·

I think it does, because margins are influenced by competition. Coffee would be cheaper if you could sell one cup a 1000 times.
I would pay 2 cents max to watch a good numpties episode (could tip more) and if you had a good audience that would be enough.

Twetch ·

The most ridiculous part of this is Streamanity was going to shut down. We would have been set back years in terms of this experimentation. Numpties weren’t even allowed to open a channel until we reopened channel creation.

Twetch ·

That's not how it works. The price paid by consumers is relative to the expected value from a product and nothing else.

Hence, Hollywood exists, despite selling the exact same product to millions.

Twetch ·

I feel like we've just seen a demonstration that the internet has no idea how to price information.

We've had a one-size-fits-all dumpster model for twenty years. Who knows how things will change?

Twetch ·

Product placement.

Twetch ·

If you were right, than reality shows that the value created by the podcasts are in fact very low, much less than a cup of coffee.

Twetch ·

Yet somehow, our dinky podcast on a niche topic hosted on an obscure website had around 70 listeners paying $2 each for the latest episode...

Twetch ·

I think I paid 2.18 twice for the court case ep

Twetch ·

I wish you all the success and I hope you are right. If you are right about the potential of the market we will have many more quality content available.

Twetch ·

Let's see. I am more sceptical about that and think much of the engagement comes from people trying to make BSV work. They have an incentive to create some economic activity on BSV. In a normal situation the pricing will accommodate to normal levels.