Media Is Adopting A Bitcoin Standard

Media Is Adopting A Bitcoin Standard
фото показано с : bitcoinmagazine.com

2021-12-22 05:00

Bitcoin is revolutionizing media, as evidenced by the capabilities of podcasting 2.0 on the Lightning Network.

The below is a direct excerpt of Marty's Bent Issue #1133: "Media on a Bitcoin Standard." Sign up for the newsletter here.

Bitcoin is revolutionizing media and very few people are paying attention. Your Uncle Marty is becoming more convinced of this by the day. Especially as he gets more acquainted with Podcasting 2.0, the current killer app of smart contracts on top of Bitcoin.

We've talked about Podcasting 2.0 in this rag before but for those of you who are unaware here's a brief explainer; Podcasting 2.0 allow a podcaster to attach a bitcoin lightning network address or multiple addresses in the RSS feed that syndicates their audio file to all of the different podcasting platforms and apps. Podcasting platforms and apps who want podcasters and their listeners to be able to reap the benefits of Podcasting 2.0 incorporate bitcoin wallets into their products so that users can send sats to the lightning address(es) included in the RSS feed as they listen. This allows podcasters to directly monetize their content. Users can send hosts an amount of bitcoin that they believe is commensurate with the amount of value they've gotten out of the content. The podcaster can then distribute that value to their team automatically.

Here's what our split looks like at TFTC.

Splitting bitcoin among the team behind the TFTC podcast.

I get a solid chunk, my co-host Matt gets a solid chunk, and our producer and developer/node manager get a cut for the value they bring to the operation. Our RSS feed acts as a smart contract because this is where we put in our addresses and the split between the four of us. When freaks send sats to the podcast they are immediately distributed to each of us based off the ratio visualized above. There is no intervention on my end to move the money other than dumping the addresses and the splits into the RSS feed.

This is something very simple, yet also very profound as it will have massive implications for content monetization as time moves forward. You can begin to implement this type of direct monetization into written and video content as well. Artists who produce music could take advantage of this as well as it hypercharges the ability for independent artists to break away from record labels and platforms like Spotify that take a lion's hare of the revenue produced by their art. If they can figure out how to create a Lightning-enabled paywall for their songs or incorporate sats streaming so listeners pay microtransactions as they listen, they can directly monetize their music and immediately pay everyone involved with its production.

As I point out above, ads may still be around, but they will act differently. Users using Podcasting 2.0 compatible apps while listening to the ads in a podcast could potentially get paid for that time. Advertisers could designate a portion of their ad budget to make this a reality. Hopefully getting much more accurate data on the cost of user acquisition that allows them to make better decisions around spends.

This is just a rushed and not thoroughly fleshed out version of the vision in my head. About to go meet my parents for dinner but hope to bring some of these ideas to market over the next year at TFTC. Be on the lookout!

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Social Media Coin (SMAC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SMAC

media bitcoin podcasting lightning network capabilities evidenced

media bitcoin → Результатов: 126


Фото:

Crypto Media Reports a Bitcoin Mystery as 5% of Total Supply is Moved to 106 Addresses in the Last Month

There have been many strange occurrences in the crypto community in the last year, especially as the market has taken its downward turn. However, most recently, as Bitcoin reached the lowest price that it has seen since late 2017, about 5% of the total supply was moved, which was 848,000 BTC. However, the interesting part […]

2018-12-28 23:10


Фото:

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-29 21:20


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20


Фото:

Comcast to Introduce a Blockchain-Based Solution for Increasing Data Privacy

Telecommunications giant Comcast will integrate blockchain technology to better match audience-generated data with thousands of advertising partners, reported Adweek on December 22, 2018. Peer-to-Peer Media Blockchain The Philadelphia-based company is partnering with mass media player Viacom, and advertising solutions provider Spectrum Reach to develop an enterprise-grade private blockchain network.

2018-12-25 12:00


Фото:

Crypto Millionaire Literally ‘Airdrops’ $100 Bills From Rooftop in Hong Kong

A Bitcoin millionaire and cryptocurrency loud mouth was arrested in Hong Kong over the weekend for causing mass hysteria after an airdrop of several HK $100 bills from an apartment rooftop. Hong Kong Style ‘Air Drop’ On Saturday (December 15, 2018), Wong Ching-kit; a cryptocurrency promoter caused a stir when he tossed several HK$100 from an apartment rooftop in Hong Kong.

2018-12-17 22:00


Is Bitcoin dying? Not so fast, Researchers refute predictions of Crypto Market Demise

Each time the cryptocurrency market crashes, social media is filled with predictions of BTC slipping to zero and plenty of people saying “I told you so.” 2018’s bear market has caused many to flee from the cryptocurrency space and emboldened people like economist Nouriel Roubini who has been a harsh critic of Bitcoin and altcoins […] The post Is Bitcoin dying? Not so fast, Researchers refute predictions of Crypto Market Demise appeared first on ZyCrypto.

2018-12-15 08:16


Фото:

Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


Фото:

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil. ” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations.

2018-12-10 18:00


Фото:

Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his bullish price predictions, said “a lot of buy orders and support” would keep Bitcoin above $2000.

2018-12-10 12:00


How blockchain is bringing staffing innovation

Blockchain technology is rapidly spreading into every available corner in the market, leading many business owners and managers to encounter it for the first time recently. While many have heard about the exciting cryptocurrencies that are sucking up media attention, like Bitcoin, few have heard as much about the blockchain tech that’s powering those cryptocurrencies and other dizzying digital trends forward.

2018-12-9 07:50


Фото:

Less than 2% of “Suspicious Transaction” Reports in Japan Are Linked to Cryptocurrencies

Between January and October, Japanese police had received 5,944 reports with regard to nefarious and illicit activities tied to cryptocurrencies according to local media, December 6, 2018. Report Details According to multiple Japanese news outlets, National Police Agency (NPA) officials have said that the figure is eight times that of the April to December 2017 reports (669).

2018-12-7 06:00


Фото:

Bitcoin Falls below $3,600 As Onslaught by Mainstream Media Continues

Bitcoin has once again failed to sustain its price at the crucial $4,000 level, shedding close to 10 percent in just a day to fall below $3,600 level on some key markets. The currency was trading at $3,660 at press time, but on some markets such as the dominant BitMEX, the currency had dropped to […] The post Bitcoin Falls below $3,600 As Onslaught by Mainstream Media Continues appeared first on NullTX.

2018-12-7 20:47