Nostr Web Client

Let's talk about value4value. I listen to and get value from many podcasts. I'm ruthless and stop listening if they are boring. So when I listen, they are valuable to me. And it does not always mean mind-blowing tech stuff, it can be people who get high and play music.

We have this space age technology where we can stream money, directly to producers of content we value.

And then we send them two cents. I have produced more than a hundred episodes. Many of them have changed lives, literally. My total earn from all value4value was around 35$ - streamed sats and boosts. I don't have sponsors, even though I sometimes promote my own projects. Just the cost to produce one of these is 200$ or more (at least in my time, sometimes I rent a room / studio, although I'm pretty DIY). The cameras and microphones are not free either. Neither is server hosting (I self host, no cloud services, I run my own node).

I am not complaining though. I'm part of the problem. I did not change the default in the app - 10 sats per minute is ridiculous.

I changed my setting to 200 sats per minute to start with. 7 dollars per hour makes sense to me. It's cheaper than the tip I leave for a dinner. But if you have a few listeners that set it up, it might even pay for the production cost.

Your situation might be different. But let's use this space age technology for real, not as a proof of concept to send pennies.

Thanks to nostr:nprofile1qqsy6j4hxl30hdd0pl2epd9harr0uakn5q4f0y000ldv7cqlneg04kqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz8thwden5te0dehhxarj9e3hjurgv4e8qatwdvh8gmmyv9uj7qghwaehxw309ahx7um5wghxy6t5wp6ku6ewvekj7su0fdq for making me see this clearly.

Repost if you do the same. You don't have to do 200 sats/min. Do whatever feels right. It's probably not the default.

#v4v #value4value #podcasting2.0

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Discussion

corndalorian 1y ago

Yes 🙌

DM for new npub 1y ago

Another interesting take:

nostr:naddr1qqxnzd3c8yunxd3kxycrjvpsqgsph3c2q9yt8uckmgelu0yf7glruudvfluesqn7cuftjpwdynm2gygrqsqqqa28aj9t38

Juraj 1y ago

I'm well aware of the limitations.

But also there's a super simple way to change all of this. It is literally a setting in the menu. Just put a different number.

I'm not saying everyone should change. I was doing my podcast before there was value4value.

boo-bury 1y ago

Should turn this opinion piece into song lyrics as a return of value

Angry Bird 1y ago

Holy shit man that is so sad.

Juraj 1y ago

What is sad? I don't see anything sad here.

Realizing I can do something better and doing that is not sad in my book

Angry Bird 1y ago

Sad that without other income and some kind of volunteerism value for value is a waste of time and money

Juraj 1y ago

I don't perceive it like that. I was doing it before there was value4value.

There's value and reward in doing what you love. It enables you to have conversations with people. There is a lot of non monetary value.

I just changed that I want to make this a bit different for producers as a listener.

I would do my stuff even without any v4v tooling.

But we have this tech. Let's use it.

Angry Bird 1y ago

OK, I got it!

C.S.Burner 🪙➡️🔥 1y ago

My calculation for V4V setting is the following: A good podcast should reach an audience of at least 1000 people. To cover basic costs 500000 sats should be ok. So 500 sats for an one hour podcast is a good estimation. The problem for the podcaster is to get to 1000 listeners and convince them all to value the work with this modest amount. I'm convinced the second is the harder issue. If you get to 10000 or more listeners one day you'll be well paid.

ChadF and 33 others 1y ago

you’ll be lucky to get 5% of your audience to support you financially.

value4value.info

Juraj 1y ago

I don't want "financial support". I'm providing a valuable service.

It works for me. It would not work if v4v of my podcast was my income.

But there's no point in complaining. It's just an observation that changed my behavior as a consumer. I don't expect anyone else's behavior to change.

I had just not been using it right.

Juraj 1y ago

For me this is not a good way to look at it.

As a listener, if the podcast is valuable to me, I don't care if it has 10 listeners or 10000. Maybe what makes it valuable for me makes it useless for others. The idea for v4v is to reward the value, not to think about the cost.

It's the same with how I do pricing. I don't look at my costs. I look at the value I create. Cost of production as the basis of value is a marxist fallacy.

For example my podcast has probably less than 1000 listeners and I want to keep it that way. I can serve my listeners extremely well. There's no need to push it further. I just need to make sure they realize they're getting something more than if they played a mainstream podcast that is not perfect for them.

I think the only thing that should go to your calculation about sats per minute and especially boosts is what value you receive from the podcast. Their costs and other listeners don't matter.

boo-bury 1y ago

Who are we convincing and why? Why do I need to convince someone that this thing we made is of value?

Juraj 1y ago

That is not a problem, but people rarely reward the value they get unless you ask them to.

So that part is important, even the good v4v talks I've seen were about how to ask.

If you don't ask, you will get very little if anything at all, even if the people perceive it as valuable.

Moel 1y ago

Recently the @fountainfm stopped v4v. Like the wallet just crashed. ..

Juraj 1y ago

Did you contact support about it?

ChadF and 33 others 1y ago

Love the transparency here and I’d like to see what other podcasters or musicians have to say about it.

Value4Value is also about more than just sending or receiving sats.

value4value.info

Aeneas 1y ago

V4V it's a nice idea, but it doesn't work in practice.

Juraj 1y ago

I just made it work with one setting.

Aeneas 1y ago

And that made V4V work?

Juraj 1y ago

Yes, works for me.

boo-bury 1y ago

Aha finally found some of this fabled v4v fud in the comments. That's the issue there, just comments, fuckin silly little spaces to pepper thoughts and prayers thru. All these detractors, and naysayers? It's unfortunate to see they have little faith in the value they contribute.

Step 1: Make something of value

Step 2: Release store of value to be enjoyed sans paywall or ad dollar

Step 3: Ask people if they received value, to send some back. Yes, you have to ask because removed ceilings weirds out normal functioning people of society.

Step 4: Thank people for the emails of info, show art, jingles, iso, music, voicemails, hanging in the chat, packages and letters, sharing your store of value with a friend, fiat contributions etc.