I've started to notice some trends of things people get confused about. In Ep#47 we're going to have a look at why V4V is not all or nothing, divorcing it from Bitcoin/Podcasting 2.0 and why it might not work for everyone.
Huge thanks to Nick Malster & Anonymous for supporting the show. Absolute legends!
15% of this episode is going to CSB for educating and helping people understand about the concept of Value 4 Value.
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[00:00:00]
Unknown:
Are youconfused about V 4 V then let me cleara couple of things up. Welcome everyoneto another episode of the Valuefor Value Podcast. My name is Kyrinyour host. I am also the hostof the Mere Mortals Podcast, but this is the one where we look at digitalcontent creators and how they can helpconnect people with the audience and also monetiseat the same time. So I will just reiteratethat I am live here on a Wednesday at 10 a.m. Australian EasternStandard Time. If you ever feel like joining melive for these things. And I just wantedto talk today about some commonmisconceptions that I've been seeing.
So there's three thingsthat really jump out at me, and I wanted to,I suppose, addressthese and just reiterate why value for valueis not these things, because it is easyto get confused because it is a ratherconfusing subject, but hence whywe have this podcast here. So I'm going to go onto the first one, which is V for Vis all or nothing. And I've kind of seen this a lot of timeswhere people would say, Yeah,well it's not easy for V if you're doing advertisingor it's not V for V, if you're not doingthis portion of the show and connecting the feedback loopand all of these things, I think that's helpful in a very, very,very small regard.
But it's very easyto get trapped into, I suppose like a leadism or thinking, okay, this is the wayit has to be done. And so there's no doubtit works best if your productor your show optimises for it, much like it worksbest for advertising. If your show is builtaround being a showfor advertising, if you leave a break in the middle of the showwhere it's, you know, this is wherethe ads would fit in or you create it sothat you have like a host rating at the start or at the end,because, you know, this converts to moresales, this sort of thing. Well, I think the value forvalue is much the same.
So this is where you will do the thingslike acknowledging the peoplewho have supported you and you know, where do youdo this in the show? Well, it doesn't particularly matter or itmaybe it does matter, but you can experimentand try and find that out. And so I've come up with a little bitof a spectrum here, which I think goes from, I suppose, the the way that you wouldmonetise your show, I guess for in the mostkind of dispassionate disconnectaway from your audience all the way to probablythe most connected, which I would sayis value for value. So I would go something like this,you know, you would have dynamic dynamically add ad insertionsinto your show.
So there's justrandom things popping up. Mid-way through your show, you could havethen the host raid and then it wouldmaybe be something like an integrated sponsorship. Then it wouldmaybe be something like It's your own business. So you're providing a a product which you have createddirectly to your audience, so you know all about it. Then it might be something like the paywalland Patron. This is where you'rereally tipping over in to the listenersupporter side of things. Then it'd be something like Buy me a coffee, and then probablyright at the end you would have valuefor value.
And so you could kind ofsee that, well, it's, it's, it'ssort of a spectrum with value for value. The purest form of being allthe way at the end. But you can have it anywhere and inserted any, any way along thispoint of things. So there's no reasonthat you can't have an ad supported showas well as being able to to do value for value. And so I would actually just recommendchecking out any of the Jupiter Broadcasting showsbecause Chris Fischer has been doing thisa fair bit. You know,he has had advertisers for quite a long while withwith his different shows, but he has also very muchembraced the value for value mentality, the mindset,and he gets it and he's doing themat the same time.
There's no reasonthat you can't do both. He probably does itthe most smoothly out of any of the shows I've seen,which has advertising, and there'smany examples of of others where they will haveit enabled perhaps, but they don't reallytalk about it so much. And this would besome of the large Bitcoin podcasts,for example, because this is getting ontothe second point of why V4V is not Bitcoin. That you can kind of seethey haven't enabled. You can send themmessages, you can boost themin money directly to the show, butthey never talk about it. They never acknowledge it.
And so this is where,you know, you can still say thatit's value for value. Are they optimisingfor it? Is it the perhapsbest experience like we've talked about with the feedback loops,like we've talked about connectingwith your audience, like we've talkedabout why it issuch a special feeling? No, obviously not. And obviously the the gainsthat they will get for that is not as strongas it is when you acknowledge a boostagramand things like this. So, yeah,I would just say, you know, value for value,it's not all or nothing. You don't have to be100% gung ho about it.
You don't have to be 100%. This is the only way thatit's done. You have to dothe feedback. You have to read out my messages,that sort of thing. No, it's very muchan optional point, but it is notit's not like you have to completely, radicallyalter your whole show. For example, if you've found outabout this concept and you want totry it out, but you're you're kind of like, Oh, but I don't want to do a segmentwhere I, I talk about the listeners or I don'twant to read out emails. I don't want to doall of these things. It's like,okay, that's fine.
You can just experiment with it, have it in the background and you can do otherthings at the same time. So that's probably the first misconceptionI want to talk about, which I mentioned Bitcoin,and this leads us onto the next one,which is that value forvalue is not Bitcoin. Now I can kind ofget this one why peoplemight think this because a lotof people were introduced to value for value viathe payment mechanism, this being the Lightning Network and being able to giveand receive Satoshis directlywithin the podcasting apps becauseof this whole ecosystem that isgrowing up from it.
And if you want to know more about that,go back to any of the aspects of I suppose,like this whole season, to be honest,like episode 42, the emergenceof podcasting 2.0 or the micropaymentsin the episode after that, the boostagrams, you know, there's episode 44, there'squite a few ones there. If you want to jump backinto those. I think it's good to goback to especially that micropayments episodebecause you could hear metalk about in that episode how this is notjust related to Bitcoin. That protocolallows any cryptocurrency to be used and even Fiatand if you really want it to, but it's more just arepeople building on that?
Do people actually wantto use it this way? And so we can see, okay, the adoption isvery much for bitcoin, but there's no reasonit can't be other things. And so there's thistherefore doesn't mean that value valueis Bitcoin like it own. It's only value for value. If if someone sends through a paymentin bitcoin wrong. We can see thiswith no agenda. Once again, the people who AdamCarrion, John C Dvorak, who created the valuefor value model, they were doing it through PayPal foreverfor ages, and they were even evenusing cash, for example. They would, they would give you an addresswhere you could send in a cash donationif you wanted to.
So and peoplewould do that. So we can definitely see. All right,it's not just Bitcoin unless a variationof this, I think, is also just focusing too muchon the money aspect of it. You know, remember, value for value is time, talentand treasure. So the time and talent, a pretty big aspects of thisand it is very, veryI suppose, important to, to realise like, you know, the moneyside of things is great, but there's alsoall of these other aspects of people being ableto help you of it. You know,if you wanted to say you want to doyou know your v4 V your all or nothing in and your V for Vall or nothing Bitcoin and you know,what's the best way to actuallyget more people sending stuffin while it's probably for themto actually be sharing about the show as wellto their friends, it's probably of creating a better product by them, helping you outwith a talent that they have thatyou don't have. And so this is where youcan see, you know, if you if you focus on the moneyaspect of it too much,you're going to leave.
Actually, funnily enough, a lot of moneyon the table because your showwon't be as popular, because it won't grow, because you won't havethis, you know, people helping you outvoluntarily for two to creating ita better product. And then I think alsoalong this vein, all along this kind of fee for Vis Bitcoin sort of vein is it'salso not podcasting 2.0. So if you want tohighlight one app or one method of peoplesupporting you exclusively, I think that's probablythe wrong way to go about itpreferentially is probably I think that's okay.
You know, if you'regiving advice, saying, for example,for this show, I usually just recommendany of the podcasting 2.0 apps or I recommendgoing to memorials, podcasts, dotcom slash support, because thereI have a full description of how you can do it in basically any of thevarious different ways. And I think that's okay. But I'm not going to ever just exclusively say like,now here's one one hip thing I hear,for example, all the time a fountain go to fountainand, you know, send do value for valuethrough there as if that's the only onethat you can do. And yeah, I think that'sthat's probably the one wrong way to go about it because thingschange over time.
And this is whereit's like unless you're keeping ontop of it constantly and consistently, it'sprobably going to change. And then, you know, if you're still repeating,you know, value for value is only donethrough through fountain, and then Fountain goes down the service, break the, you know,the developers decide they want to move on to something differentor they do something with the appthat you don't enjoy or your show gets kickedoff of there. You know, for example,they could do that. If they want to do that,it's their application. They they get to choose what is, isand isn't on there.
You know, thenthen you might be just have dug yourself a holewhich is is hard for your audience to know. Oh, there's other options to help support this show. So that was the the secondcommon misconception I really see kind of being toutedaround that value for value is only donethrough Bitcoin. This is incorrect. And then the last oneis that I guess that people won't give me moneyvoluntarily. So this is kind of aabout what I guess the misconception is value for valuedoesn't work. You know, that's probably thebiggest one to be honest. And you can kind of seethis where it requires a I suppose, a lot of trustfrom your audience and you have to involveyourself with them.
So if there'sno connection to your audience,to your listeners, you won't get your thousand true fans,you won't get that that aspect of being ableto support yourself in perhaps a more fulltime manner from that, which is, okay,maybe you don't want that. You know, probablyanother misconception is that value for valuesfor everyone. I don't think that's true. I think a lot of peoplewouldn't find it on this 1000 true fans topic. So this is a a idea,I guess, created by Kevin Kellyquite a few years ago. And it was basicallyjust saying, you know, if you area creator of some sort and this is not related to podcasting, this was probably more actually aimedat artists or writersor things like this.
He was saying,if you find a thousand people who are willingto send you, you know, $10 a month,that is $10,000 a month, that is,you know, well, what's that,120,000 over a year? That is more than enough to support your lifestyle,to support you, be able to live in the worldand create things. So so really, you only need to finda thousand people who are willingto give you $10 a month. Or you could even,you know, make it less than that. If you if they're willing,you know, $5 a month, that's still 60 granda year. That's that'sstill enough to live on. And so this is where hehe was saying, you know, the thing with thisso is you have to be deeply connectedwith these fans because people won't just voluntarily give up fiveor $10 a month if they're not gettingsomething out of it.
And so how do you connectpeople with those fans? Well,you have to kind of be in there interactingwith them. You have to go the extradistance to call them out, to acknowledge them,to thank them. So it's very much a valuefor value concept. And he was just saying,you know, a lot of peopledon't want this. A lot of peoplejust want to focus on their art,the creation of music or a podcast or a bookor whatever it is, and they don't wantto actually dive into the trenches of building a community,of interacting directly one on one.That's not their skill.
So they don't enjoy doingthat. They, you know,they would prefer that to havethat does as a distance allow Joe Rogan,for example, he very rarely interacts directlywith his audience. And this is where you cango, okay, you know, that's that's fine. You know,value for value is not not for everyone. And this,I guess, is also that if you don't think it works there, there is a kindof psychology behind this and this is whereyou can go. I you know, I can expect it to workwithout asking. For example,people will just do it. Well, nothing functionslike that.
Why why would thisyou know, if you don't askfor help from people, that they're probablynot going to do it. Almost certainlynot going to do it unless you get to a ridiculous,ridiculous level and you can just put up a donation link on your Twitteror something like that and then thenit will happen. But there wasthis guy, for example. It was ait was a year ago. I can't remember his name. It's probably not worthrepeating. And he was on Twitter and he was complainingabout this. He was saying, you know, value for valuedoesn't work. I tried it out for, you know, three weeksor something like this.
And my you know, your audience is in gratefulthey're not going to send you moneyvoluntarily. You have to basicallyforce it out of them. You have to wring itout of them like they're a wettowel and and really apply pressure. And you have to do thisvia pay paywalls. You have to do this by providing extra contentbehind a paywall, which only then arethey willing to do it and thissort of thing. And what younotice about that is probably he didn't trywith with the intent of of really going at it, doing it over three weeks,you're unlikely to to start establishing theit takes time too to really get peoplein the habit of of helping to support you,of acknowledging and understandingwhy this is important.
And honestlyI just thought he was probably a little bit cynicalabout humanity. This very zerosum ideas of I've got to get my peacethinking or mentality, whereas value for valueis very much more a you know, it'snot a non-zero-sum game. If, if you providesomething, people will send you moneyand they will feel good about it and it will,you know, expand the pie ratherthan you having to kind of steal itfrom other people. It's it's kind of it's kind of a feelinglike, oh, I need to get that moneyout of my audience to to just, you know,grab it from them. And that requiresa bit of force because there's only a certain amount of moneyin the world.
And I think I thinkthat sort of mentality, if thatis the way that you think, you're not going to dowell with value for value. And this is wherevalue for values is probablynot not suited for you. My last little onehere was a story I had of it depends on whattype of fans and people that you attract as well and that you wantto attract. And so there was this. I've told you storiesbefore about how when I was firstpodcasting, I was connectingwith other podcasters. I was sending themmessages up via Instagram. I was leaving them nice, nice reviewsof their podcast on iTunes because, you know,when you that'swhat people seem to want, even though it doesn'treally do anything.
And what was happeningwas that I would listento the podcast, but even if I didn'tparticularly enjoy it, I would still leavea nice review. I would still findsomething nice to say about it,you know? Is that ethical? I have I don't know if I look at itmore now and I'm like, it was kind oflike a little bit I probably should havejust if I didn't like that one, justjust pass on and move on. But whatever. That wasjust the way I do things. And I'm like an I'man optimistic person. I like to to, to saynice things or, you know, even if the whole thing is bad, I tryand focus on the positive.
I don't like sayingI don't like being me. Anyway, that was this podcast,which was all about kind of Jeffrey EpsteinAnd you know, this was back in2020 or perhaps even 2019. And so JeffreyEpstein was a was a big it was not as biga scandal as it was when it first came out, but it wasstill just like, you know, this guy's a paedophile,this guy's blah, blah, blah. And it was this podcastof these two women. And they were very bitter. They werethey were very kind of cynical,snarky, sarcastic. Nick seemed to have hada relatively popular show. I'm just from the media thingsthat I could see about it and I left a review and I just let them knowabout that.
I was like, you know,Hey girls, I enjoyed this aspectof your podcast. You know, kudos. Keep going at it. And the responseI got back was, Didyou just call us girls? And I was like, Yes. And then they just send mea link to something about saying how referringto women as girls is misogynistic,is the patriarchy or something like that just went like, Jesus Christ,if this is how you interactwith someone who's trying to be nice to youwith, you know what? What kind of reactions are you going to get if you want those peopleto help you out in the future?
And the obvious answer ispeople like me would would go these what? How like how gratefulcan you be? How rude can you be? And so this is definitelya show where it's like, okay,they should probably not be doing value for valuebecause they obviously don't have the, you know, requisite, you know,what would I call it, portion of humanity. The the thinking that is required,the appreciation that is requiredof your audience to, to do something like that. And so, you know, good values of valuework with them and and the type of peoplethat are probably attractedto that show.
I would probably say no. And so that is whereit's like, okay, is value for valueeveryone is value for value going to workfor everyone? Probably not. It's probably best that they findsome other way of of supporting themselves. So yeah, those were probablythe three misconceptions that I seethe most popping up value for valueis is all or nothing. I think that's incorrect. Value for valueis only bitcoin. That is definitelyincorrect and value for valueis going to work for everyoneor it won't work A value for value doesn'twork. Incorrect. It it does work.
But you do have to have the right mentality for itand the right, I suppose, portion of thinking ofof of how you can do this. So yeah, those aresome misconceptions. Cleared up. Bam, bam, bam.Thank you, ma'am. And I probably shouldn'tsay ma'am, should I? And so that isit for for today's topic. Let's jump onto some toGraham's from last week. So, Mr. Adam, Curry, please. Take it way.
[00:21:12] Unknown:
Welcome to the valuefor value, Boosta Gram Lounge.
[00:21:19] Unknown:
Okay, so last week was awas a great week. I really enjoyeddoing that episode, which I also recordedwith the video and you know, it was a goodreaction from that one. One thingI do want to acknowledge and thank just beforeI get into the people who who sent in some boostagrams was I'm not greatat social media. I don't enjoy spendingmy time hanging out there. It's very much, for me,a kind of promotional activity. I put it out there, I blast it out,and if people comment and reply,that's awesome. I will tryand get to that. But it's not it's nota place I voluntarily go.
And so, you know, it's very,very much appreciated to everyonewho shared the link to to yet to do that kind of work for me because I'm not goingto build up a 100,000 or a millionfollower base or anything because I just don'tuse them that way. I'm not going to createsomething like that. Peoplefind that interesting. It is going to be prettymuch a like an informational alertsystem. Hey, I'm going live forhey, I've done this thing. Check it outif you want to. So very much, very muchappreciate it to everyone who who kind ofdid that work for me. You know, talkingabout time and talent of of sharing the show and doing that super,super appreciated.
I even got a commentfrom void zero on the YouTube video,which is super cool. So that's it'sjust interacting with these peopleI've heard about and never had the chanceto interact with directly. So super, super cool. Let's get into some value for value and some boosts. And these were actuallycoming through live. I can't rememberif I mentioned them at the time,so I think I did. But Booburry,he sent it to which one was 1770, 76. I guess that's likea big liberty boost. And he was sayingSplitsville life. Yes. And he said,Is there a chat room for another eight,eight, eight, eight?
And once again, no, notas of this exact moment. SomethingI got to work on. Yeah,I've had a big week and I've I've got some family stuffgoing on as well, which, which needs addressing. So yeah, that allthat's taken up my time. I've got another one herefrom Anonymous saying the chapter images really helpwith the explanations. 3333 Sat-Sunusing pod verse. Thank you very much Mr. Anonymous,if you want your name highlightedand I put all of these on the main modelspodcast dot com slashsupport website as well. We have a big list of their of everyoneand anonymous ones gets chuckedinto the memorial at the the kind of representationof all the unnamed peoplewho help support us.
So just a recommendationif you do want a call out in particularplease please let me knowand I will do that. But yeah, the chapter imagesI that's why I do them. I think it was definitelyfor that type of episode, which is a how to one is worth checking out. And soif you are listening just by now, I would recommend getting a podcasting app where you can seethe images becauseI do put things in. There'sthe one for this episode is probably slightlyless helpful, but once coming up in the future, I'm going to do a one onstatistics next episode. And so that's going to have all sorts of graphs,all sorts of things.
That's definitely onewhere you want to have a podcasting app where yousee chapter images. I could recommend a fountain, definitely, and Breezedefinitely Podcast is pretty goodand I think cosmetic. I haven't actually check that out,but those those ones pretty solid. And then the final one here, the big baller boostfor this week was Nick sorry Nickmaster from Fountain and he says great tutorialKaren you're always so quickto start exploringthe new developments within podcast and 2.0 and youreducational content is incredibly importantfor sharing it with others in a waythat's easy to understand.
For anyone listening, I highly recommend watching the videoon YouTube too. And then you send a big20,000 sets with his own app or fountain. So yeah.Thank you very much, Nick. I do, yeah. This is one of those showswhere I wouldn't sayI do content which is non evergreenthat often. I would preferto talk about things which you could come backto 510 years later. But this is one where it's like, yeah, this iswhat people need to know about whythis is important. So yeah, I am willing to putin the kind of ground work and keep ontop of these things. So I do appreciate that.
And the linkfor the YouTube video, I'll put it in the show notes as well,but it'll be in the the chapter Chapter links once again,another good reason to get a podcasting 2.0 up so that withthe boost for this week. Thank you very mucheveryone. Once again this is goingto help support this show help support thethe hosting costs of this and is also beingaccumulated with the Me and models podcastyou know brand I guess. And so for everyone, if you reacha 100,000 limit, we send youa memo to shirt. So I think Nickwill be getting no, I'm not sure how closehe will be.
It's probablyabout halfway there now. I think so, Yep. Just a recommendationas well. A little incentive therefor you to to boostin a little bit more. And once again, I really doappreciate that and I really would justrecommend that, you know, I was proudof that episode about the valuefor value music. So now and the and the kind of how toand and how to access it for both musiciansand for listeners. So I would definitelyjust recommend sharing that on withsomeone if you think this this wouldbe useful for them. So that is the Boostagram lounge for this week. Thank you very much.
And my tips section. This one'snot a two solid one. It's kind of just likethis is all subjective. It's just like there'sno hard and fast ruleswith value for value. There's no encode of, you know, writtenin the Tablet of Solomon or of the tablet of AdamCurry and Jack'd. There's nothing like that. It's there's there's a lot of informationand I'll get on to one of those in a second. But you know,this show as well, this is it's one of thosemoving things which is not that it'sit's so easy to to grasp itin a simple manner. You know, I provide value and then you provide itback.
What's what can besimpler than that? But the nuances,the details, the misconceptions,all of that sort of thing, you know, if you've gotsomething wrong, if you've heard hearsomeone else saying something wrong,it's like, it's okay. It's it's just this is this is a natural order of things and you just got to getused to it and and just try and educateus as best as you can. And, and talkingabout education. So for my app or servicehighlight this week, I would recommendchecking out value for value dot info. So this is a website I believe created by Adam Curryand it's got a lot of interesting information here on the valuefor value philosophy.
And I would just saythis is a great website for those who prefer textbecause it's all pretty much text based. It's got, you know, pieces writtenby different people. It's got, you know,the rough numbers, got the philosophy,it's got some guides from pop verse, fountainand podcast index. It's got how you cancontribute to learning more about valuefor value, about podcasting, 2.0,that sort of thing. So yeah, I would justrecommend checking out that if you are or if you knowsomeone who is more of a a learn viathe text method of reading rather than listening,which you know, I, I'm not greatat writing things out, which is why I do podcastingand so this is just a great thing for those whoperhaps would not get much benefit from from my show,from an audio one, but they would getsomething text based, you know, goto a value value for value info with the number fourbeing being in there.
And yeah, I would justrecommend that. And then finally, valuefor value, my last segment here where I give 15% to someonewho I think is worthy of of of a Colletteand it's going to be maybe an unexpectedone this week and I'm going to send 15%to comic strip blogger CSB and this guy So for those who don't know whocomic strip blogger is, he has been followingno agenda. The, you know, Adam Curry's stufffor a long, long time. And this guy isjust so consistent with his supportevery week. And it's not justthe consistency, it's the, the highlighting of it of, of making sure itactually goes through of, you know, on the podcast and to pointI show his the delimiter because he comes inevery single week you know with the same amount or even increasesthe amount over time with a long detailedthought out message.
And just from my, you know, random interactions with him,I don't know him. I have barely interactedwith him. But what I would just sayis, you know, he always seems to be outand about trying to help educateother people and promoting valuefor value. The several of my points today were either surfacedor influenced by him. The the one about whichone was the Bitcoin one. You know, he washe brought this up on the Mastodon chatnot too long ago, which helped give me the ideafor this episode. So I do just want toacknowledge people who are doing great things for for value, for value and helping to educateand promote.
And I think he's definitely worthyof a call out and some recognition. So 15% of today'sepisode goes to comic strip blogger. And I thinkand very much for his work and everythingthat he's doing and I'm going to leave itthere for today. Thank you, everyone, for joining the Valleyfor Valley Show. You might have heard,like I'm a little bitsick this week. I was at a wedding,a little, lost a whole lost from Thursdaytill Monday. So has been a very,very big, long, stressful week for me. So this was a bit of a shorter episode and onewhich was just kind of an ease in back, backafter a pretty hectic time for me.
So I do want to just thank everyone value for value. What is the best thingthat you could do for me? You know, what it wouldbe for this week is just, you know, help educate andand let another podcaster knowabout value for value. So you can do this by sending them a messagedirectly, asking them if there is a way to helpsupport them directly. You know, if they do have a patron on a PayPal,you can maybe say, I don't like usingthat way. Is there a way of doing it,you know, through a direct contributionto a PayPal account or, you know, just maybe if you thinkit's it's worthwhile and if you think the ideaswould be amenable to them moving them on that scalethat I provided further awayfrom perhaps advertising and more to be the full value for valueand or some sort of small highlightsor something like that.
But yeah, I definitely thinkthat value for value does workfor a lot of people, will workfor a lot of podcasters and other digital contentcreators. And yeah, I just the more peoplethat know about it who get to experience it,I think the better it is for everyone because it isdefinitely, I think the, the more ethical way of, of, of creating a showat least personally. So I'm going to leave itthere for today. Thank youeveryone, for joining in. As I mentioned,next week's episode is all going to be aboutstatistics and some stats. This willbe from podcasting, hosting companies.
This will be about how much valueis actually flowing through the value for value method using Bitcoin with the way thatwe can actually see it. So yeah, definitely oneto keep an eye out on for next week. So until then,chao for now, Kyrin out.
Are youconfused about V 4 V then let me cleara couple of things up. Welcome everyoneto another episode of the Valuefor Value Podcast. My name is Kyrinyour host. I am also the hostof the Mere Mortals Podcast, but this is the one where we look at digitalcontent creators and how they can helpconnect people with the audience and also monetiseat the same time. So I will just reiteratethat I am live here on a Wednesday at 10 a.m. Australian EasternStandard Time. If you ever feel like joining melive for these things. And I just wantedto talk today about some commonmisconceptions that I've been seeing.
So there's three thingsthat really jump out at me, and I wanted to,I suppose, addressthese and just reiterate why value for valueis not these things, because it is easyto get confused because it is a ratherconfusing subject, but hence whywe have this podcast here. So I'm going to go onto the first one, which is V for Vis all or nothing. And I've kind of seen this a lot of timeswhere people would say, Yeah,well it's not easy for V if you're doing advertisingor it's not V for V, if you're not doingthis portion of the show and connecting the feedback loopand all of these things, I think that's helpful in a very, very,very small regard.
But it's very easyto get trapped into, I suppose like a leadism or thinking, okay, this is the wayit has to be done. And so there's no doubtit works best if your productor your show optimises for it, much like it worksbest for advertising. If your show is builtaround being a showfor advertising, if you leave a break in the middle of the showwhere it's, you know, this is wherethe ads would fit in or you create it sothat you have like a host rating at the start or at the end,because, you know, this converts to moresales, this sort of thing. Well, I think the value forvalue is much the same.
So this is where you will do the thingslike acknowledging the peoplewho have supported you and you know, where do youdo this in the show? Well, it doesn't particularly matter or itmaybe it does matter, but you can experimentand try and find that out. And so I've come up with a little bitof a spectrum here, which I think goes from, I suppose, the the way that you wouldmonetise your show, I guess for in the mostkind of dispassionate disconnectaway from your audience all the way to probablythe most connected, which I would sayis value for value. So I would go something like this,you know, you would have dynamic dynamically add ad insertionsinto your show.
So there's justrandom things popping up. Mid-way through your show, you could havethen the host raid and then it wouldmaybe be something like an integrated sponsorship. Then it wouldmaybe be something like It's your own business. So you're providing a a product which you have createddirectly to your audience, so you know all about it. Then it might be something like the paywalland Patron. This is where you'rereally tipping over in to the listenersupporter side of things. Then it'd be something like Buy me a coffee, and then probablyright at the end you would have valuefor value.
And so you could kind ofsee that, well, it's, it's, it'ssort of a spectrum with value for value. The purest form of being allthe way at the end. But you can have it anywhere and inserted any, any way along thispoint of things. So there's no reasonthat you can't have an ad supported showas well as being able to to do value for value. And so I would actually just recommendchecking out any of the Jupiter Broadcasting showsbecause Chris Fischer has been doing thisa fair bit. You know,he has had advertisers for quite a long while withwith his different shows, but he has also very muchembraced the value for value mentality, the mindset,and he gets it and he's doing themat the same time.
There's no reasonthat you can't do both. He probably does itthe most smoothly out of any of the shows I've seen,which has advertising, and there'smany examples of of others where they will haveit enabled perhaps, but they don't reallytalk about it so much. And this would besome of the large Bitcoin podcasts,for example, because this is getting ontothe second point of why V4V is not Bitcoin. That you can kind of seethey haven't enabled. You can send themmessages, you can boost themin money directly to the show, butthey never talk about it. They never acknowledge it.
And so this is where,you know, you can still say thatit's value for value. Are they optimisingfor it? Is it the perhapsbest experience like we've talked about with the feedback loops,like we've talked about connectingwith your audience, like we've talkedabout why it issuch a special feeling? No, obviously not. And obviously the the gainsthat they will get for that is not as strongas it is when you acknowledge a boostagramand things like this. So, yeah,I would just say, you know, value for value,it's not all or nothing. You don't have to be100% gung ho about it.
You don't have to be 100%. This is the only way thatit's done. You have to dothe feedback. You have to read out my messages,that sort of thing. No, it's very muchan optional point, but it is notit's not like you have to completely, radicallyalter your whole show. For example, if you've found outabout this concept and you want totry it out, but you're you're kind of like, Oh, but I don't want to do a segmentwhere I, I talk about the listeners or I don'twant to read out emails. I don't want to doall of these things. It's like,okay, that's fine.
You can just experiment with it, have it in the background and you can do otherthings at the same time. So that's probably the first misconceptionI want to talk about, which I mentioned Bitcoin,and this leads us onto the next one,which is that value forvalue is not Bitcoin. Now I can kind ofget this one why peoplemight think this because a lotof people were introduced to value for value viathe payment mechanism, this being the Lightning Network and being able to giveand receive Satoshis directlywithin the podcasting apps becauseof this whole ecosystem that isgrowing up from it.
And if you want to know more about that,go back to any of the aspects of I suppose,like this whole season, to be honest,like episode 42, the emergenceof podcasting 2.0 or the micropaymentsin the episode after that, the boostagrams, you know, there's episode 44, there'squite a few ones there. If you want to jump backinto those. I think it's good to goback to especially that micropayments episodebecause you could hear metalk about in that episode how this is notjust related to Bitcoin. That protocolallows any cryptocurrency to be used and even Fiatand if you really want it to, but it's more just arepeople building on that?
Do people actually wantto use it this way? And so we can see, okay, the adoption isvery much for bitcoin, but there's no reasonit can't be other things. And so there's thistherefore doesn't mean that value valueis Bitcoin like it own. It's only value for value. If if someone sends through a paymentin bitcoin wrong. We can see thiswith no agenda. Once again, the people who AdamCarrion, John C Dvorak, who created the valuefor value model, they were doing it through PayPal foreverfor ages, and they were even evenusing cash, for example. They would, they would give you an addresswhere you could send in a cash donationif you wanted to.
So and peoplewould do that. So we can definitely see. All right,it's not just Bitcoin unless a variationof this, I think, is also just focusing too muchon the money aspect of it. You know, remember, value for value is time, talentand treasure. So the time and talent, a pretty big aspects of thisand it is very, veryI suppose, important to, to realise like, you know, the moneyside of things is great, but there's alsoall of these other aspects of people being ableto help you of it. You know,if you wanted to say you want to doyou know your v4 V your all or nothing in and your V for Vall or nothing Bitcoin and you know,what's the best way to actuallyget more people sending stuffin while it's probably for themto actually be sharing about the show as wellto their friends, it's probably of creating a better product by them, helping you outwith a talent that they have thatyou don't have. And so this is where youcan see, you know, if you if you focus on the moneyaspect of it too much,you're going to leave.
Actually, funnily enough, a lot of moneyon the table because your showwon't be as popular, because it won't grow, because you won't havethis, you know, people helping you outvoluntarily for two to creating ita better product. And then I think alsoalong this vein, all along this kind of fee for Vis Bitcoin sort of vein is it'salso not podcasting 2.0. So if you want tohighlight one app or one method of peoplesupporting you exclusively, I think that's probablythe wrong way to go about itpreferentially is probably I think that's okay.
You know, if you'regiving advice, saying, for example,for this show, I usually just recommendany of the podcasting 2.0 apps or I recommendgoing to memorials, podcasts, dotcom slash support, because thereI have a full description of how you can do it in basically any of thevarious different ways. And I think that's okay. But I'm not going to ever just exclusively say like,now here's one one hip thing I hear,for example, all the time a fountain go to fountainand, you know, send do value for valuethrough there as if that's the only onethat you can do. And yeah, I think that'sthat's probably the one wrong way to go about it because thingschange over time.
And this is whereit's like unless you're keeping ontop of it constantly and consistently, it'sprobably going to change. And then, you know, if you're still repeating,you know, value for value is only donethrough through fountain, and then Fountain goes down the service, break the, you know,the developers decide they want to move on to something differentor they do something with the appthat you don't enjoy or your show gets kickedoff of there. You know, for example,they could do that. If they want to do that,it's their application. They they get to choose what is, isand isn't on there.
You know, thenthen you might be just have dug yourself a holewhich is is hard for your audience to know. Oh, there's other options to help support this show. So that was the the secondcommon misconception I really see kind of being toutedaround that value for value is only donethrough Bitcoin. This is incorrect. And then the last oneis that I guess that people won't give me moneyvoluntarily. So this is kind of aabout what I guess the misconception is value for valuedoesn't work. You know, that's probably thebiggest one to be honest. And you can kind of seethis where it requires a I suppose, a lot of trustfrom your audience and you have to involveyourself with them.
So if there'sno connection to your audience,to your listeners, you won't get your thousand true fans,you won't get that that aspect of being ableto support yourself in perhaps a more fulltime manner from that, which is, okay,maybe you don't want that. You know, probablyanother misconception is that value for valuesfor everyone. I don't think that's true. I think a lot of peoplewouldn't find it on this 1000 true fans topic. So this is a a idea,I guess, created by Kevin Kellyquite a few years ago. And it was basicallyjust saying, you know, if you area creator of some sort and this is not related to podcasting, this was probably more actually aimedat artists or writersor things like this.
He was saying,if you find a thousand people who are willingto send you, you know, $10 a month,that is $10,000 a month, that is,you know, well, what's that,120,000 over a year? That is more than enough to support your lifestyle,to support you, be able to live in the worldand create things. So so really, you only need to finda thousand people who are willingto give you $10 a month. Or you could even,you know, make it less than that. If you if they're willing,you know, $5 a month, that's still 60 granda year. That's that'sstill enough to live on. And so this is where hehe was saying, you know, the thing with thisso is you have to be deeply connectedwith these fans because people won't just voluntarily give up fiveor $10 a month if they're not gettingsomething out of it.
And so how do you connectpeople with those fans? Well,you have to kind of be in there interactingwith them. You have to go the extradistance to call them out, to acknowledge them,to thank them. So it's very much a valuefor value concept. And he was just saying,you know, a lot of peopledon't want this. A lot of peoplejust want to focus on their art,the creation of music or a podcast or a bookor whatever it is, and they don't wantto actually dive into the trenches of building a community,of interacting directly one on one.That's not their skill.
So they don't enjoy doingthat. They, you know,they would prefer that to havethat does as a distance allow Joe Rogan,for example, he very rarely interacts directlywith his audience. And this is where you cango, okay, you know, that's that's fine. You know,value for value is not not for everyone. And this,I guess, is also that if you don't think it works there, there is a kindof psychology behind this and this is whereyou can go. I you know, I can expect it to workwithout asking. For example,people will just do it. Well, nothing functionslike that.
Why why would thisyou know, if you don't askfor help from people, that they're probablynot going to do it. Almost certainlynot going to do it unless you get to a ridiculous,ridiculous level and you can just put up a donation link on your Twitteror something like that and then thenit will happen. But there wasthis guy, for example. It was ait was a year ago. I can't remember his name. It's probably not worthrepeating. And he was on Twitter and he was complainingabout this. He was saying, you know, value for valuedoesn't work. I tried it out for, you know, three weeksor something like this.
And my you know, your audience is in gratefulthey're not going to send you moneyvoluntarily. You have to basicallyforce it out of them. You have to wring itout of them like they're a wettowel and and really apply pressure. And you have to do thisvia pay paywalls. You have to do this by providing extra contentbehind a paywall, which only then arethey willing to do it and thissort of thing. And what younotice about that is probably he didn't trywith with the intent of of really going at it, doing it over three weeks,you're unlikely to to start establishing theit takes time too to really get peoplein the habit of of helping to support you,of acknowledging and understandingwhy this is important.
And honestlyI just thought he was probably a little bit cynicalabout humanity. This very zerosum ideas of I've got to get my peacethinking or mentality, whereas value for valueis very much more a you know, it'snot a non-zero-sum game. If, if you providesomething, people will send you moneyand they will feel good about it and it will,you know, expand the pie ratherthan you having to kind of steal itfrom other people. It's it's kind of it's kind of a feelinglike, oh, I need to get that moneyout of my audience to to just, you know,grab it from them. And that requiresa bit of force because there's only a certain amount of moneyin the world.
And I think I thinkthat sort of mentality, if thatis the way that you think, you're not going to dowell with value for value. And this is wherevalue for values is probablynot not suited for you. My last little onehere was a story I had of it depends on whattype of fans and people that you attract as well and that you wantto attract. And so there was this. I've told you storiesbefore about how when I was firstpodcasting, I was connectingwith other podcasters. I was sending themmessages up via Instagram. I was leaving them nice, nice reviewsof their podcast on iTunes because, you know,when you that'swhat people seem to want, even though it doesn'treally do anything.
And what was happeningwas that I would listento the podcast, but even if I didn'tparticularly enjoy it, I would still leavea nice review. I would still findsomething nice to say about it,you know? Is that ethical? I have I don't know if I look at itmore now and I'm like, it was kind oflike a little bit I probably should havejust if I didn't like that one, justjust pass on and move on. But whatever. That wasjust the way I do things. And I'm like an I'man optimistic person. I like to to, to saynice things or, you know, even if the whole thing is bad, I tryand focus on the positive.
I don't like sayingI don't like being me. Anyway, that was this podcast,which was all about kind of Jeffrey EpsteinAnd you know, this was back in2020 or perhaps even 2019. And so JeffreyEpstein was a was a big it was not as biga scandal as it was when it first came out, but it wasstill just like, you know, this guy's a paedophile,this guy's blah, blah, blah. And it was this podcastof these two women. And they were very bitter. They werethey were very kind of cynical,snarky, sarcastic. Nick seemed to have hada relatively popular show. I'm just from the media thingsthat I could see about it and I left a review and I just let them knowabout that.
I was like, you know,Hey girls, I enjoyed this aspectof your podcast. You know, kudos. Keep going at it. And the responseI got back was, Didyou just call us girls? And I was like, Yes. And then they just send mea link to something about saying how referringto women as girls is misogynistic,is the patriarchy or something like that just went like, Jesus Christ,if this is how you interactwith someone who's trying to be nice to youwith, you know what? What kind of reactions are you going to get if you want those peopleto help you out in the future?
And the obvious answer ispeople like me would would go these what? How like how gratefulcan you be? How rude can you be? And so this is definitelya show where it's like, okay,they should probably not be doing value for valuebecause they obviously don't have the, you know, requisite, you know,what would I call it, portion of humanity. The the thinking that is required,the appreciation that is requiredof your audience to, to do something like that. And so, you know, good values of valuework with them and and the type of peoplethat are probably attractedto that show.
I would probably say no. And so that is whereit's like, okay, is value for valueeveryone is value for value going to workfor everyone? Probably not. It's probably best that they findsome other way of of supporting themselves. So yeah, those were probablythe three misconceptions that I seethe most popping up value for valueis is all or nothing. I think that's incorrect. Value for valueis only bitcoin. That is definitelyincorrect and value for valueis going to work for everyoneor it won't work A value for value doesn'twork. Incorrect. It it does work.
But you do have to have the right mentality for itand the right, I suppose, portion of thinking ofof of how you can do this. So yeah, those aresome misconceptions. Cleared up. Bam, bam, bam.Thank you, ma'am. And I probably shouldn'tsay ma'am, should I? And so that isit for for today's topic. Let's jump onto some toGraham's from last week. So, Mr. Adam, Curry, please. Take it way.
[00:21:12] Unknown:
Welcome to the valuefor value, Boosta Gram Lounge.
[00:21:19] Unknown:
Okay, so last week was awas a great week. I really enjoyeddoing that episode, which I also recordedwith the video and you know, it was a goodreaction from that one. One thingI do want to acknowledge and thank just beforeI get into the people who who sent in some boostagrams was I'm not greatat social media. I don't enjoy spendingmy time hanging out there. It's very much, for me,a kind of promotional activity. I put it out there, I blast it out,and if people comment and reply,that's awesome. I will tryand get to that. But it's not it's nota place I voluntarily go.
And so, you know, it's very,very much appreciated to everyonewho shared the link to to yet to do that kind of work for me because I'm not goingto build up a 100,000 or a millionfollower base or anything because I just don'tuse them that way. I'm not going to createsomething like that. Peoplefind that interesting. It is going to be prettymuch a like an informational alertsystem. Hey, I'm going live forhey, I've done this thing. Check it outif you want to. So very much, very muchappreciate it to everyone who who kind ofdid that work for me. You know, talkingabout time and talent of of sharing the show and doing that super,super appreciated.
I even got a commentfrom void zero on the YouTube video,which is super cool. So that's it'sjust interacting with these peopleI've heard about and never had the chanceto interact with directly. So super, super cool. Let's get into some value for value and some boosts. And these were actuallycoming through live. I can't rememberif I mentioned them at the time,so I think I did. But Booburry,he sent it to which one was 1770, 76. I guess that's likea big liberty boost. And he was sayingSplitsville life. Yes. And he said,Is there a chat room for another eight,eight, eight, eight?
And once again, no, notas of this exact moment. SomethingI got to work on. Yeah,I've had a big week and I've I've got some family stuffgoing on as well, which, which needs addressing. So yeah, that allthat's taken up my time. I've got another one herefrom Anonymous saying the chapter images really helpwith the explanations. 3333 Sat-Sunusing pod verse. Thank you very much Mr. Anonymous,if you want your name highlightedand I put all of these on the main modelspodcast dot com slashsupport website as well. We have a big list of their of everyoneand anonymous ones gets chuckedinto the memorial at the the kind of representationof all the unnamed peoplewho help support us.
So just a recommendationif you do want a call out in particularplease please let me knowand I will do that. But yeah, the chapter imagesI that's why I do them. I think it was definitelyfor that type of episode, which is a how to one is worth checking out. And soif you are listening just by now, I would recommend getting a podcasting app where you can seethe images becauseI do put things in. There'sthe one for this episode is probably slightlyless helpful, but once coming up in the future, I'm going to do a one onstatistics next episode. And so that's going to have all sorts of graphs,all sorts of things.
That's definitely onewhere you want to have a podcasting app where yousee chapter images. I could recommend a fountain, definitely, and Breezedefinitely Podcast is pretty goodand I think cosmetic. I haven't actually check that out,but those those ones pretty solid. And then the final one here, the big baller boostfor this week was Nick sorry Nickmaster from Fountain and he says great tutorialKaren you're always so quickto start exploringthe new developments within podcast and 2.0 and youreducational content is incredibly importantfor sharing it with others in a waythat's easy to understand.
For anyone listening, I highly recommend watching the videoon YouTube too. And then you send a big20,000 sets with his own app or fountain. So yeah.Thank you very much, Nick. I do, yeah. This is one of those showswhere I wouldn't sayI do content which is non evergreenthat often. I would preferto talk about things which you could come backto 510 years later. But this is one where it's like, yeah, this iswhat people need to know about whythis is important. So yeah, I am willing to putin the kind of ground work and keep ontop of these things. So I do appreciate that.
And the linkfor the YouTube video, I'll put it in the show notes as well,but it'll be in the the chapter Chapter links once again,another good reason to get a podcasting 2.0 up so that withthe boost for this week. Thank you very mucheveryone. Once again this is goingto help support this show help support thethe hosting costs of this and is also beingaccumulated with the Me and models podcastyou know brand I guess. And so for everyone, if you reacha 100,000 limit, we send youa memo to shirt. So I think Nickwill be getting no, I'm not sure how closehe will be.
It's probablyabout halfway there now. I think so, Yep. Just a recommendationas well. A little incentive therefor you to to boostin a little bit more. And once again, I really doappreciate that and I really would justrecommend that, you know, I was proudof that episode about the valuefor value music. So now and the and the kind of how toand and how to access it for both musiciansand for listeners. So I would definitelyjust recommend sharing that on withsomeone if you think this this wouldbe useful for them. So that is the Boostagram lounge for this week. Thank you very much.
And my tips section. This one'snot a two solid one. It's kind of just likethis is all subjective. It's just like there'sno hard and fast ruleswith value for value. There's no encode of, you know, writtenin the Tablet of Solomon or of the tablet of AdamCurry and Jack'd. There's nothing like that. It's there's there's a lot of informationand I'll get on to one of those in a second. But you know,this show as well, this is it's one of thosemoving things which is not that it'sit's so easy to to grasp itin a simple manner. You know, I provide value and then you provide itback.
What's what can besimpler than that? But the nuances,the details, the misconceptions,all of that sort of thing, you know, if you've gotsomething wrong, if you've heard hearsomeone else saying something wrong,it's like, it's okay. It's it's just this is this is a natural order of things and you just got to getused to it and and just try and educateus as best as you can. And, and talkingabout education. So for my app or servicehighlight this week, I would recommendchecking out value for value dot info. So this is a website I believe created by Adam Curryand it's got a lot of interesting information here on the valuefor value philosophy.
And I would just saythis is a great website for those who prefer textbecause it's all pretty much text based. It's got, you know, pieces writtenby different people. It's got, you know,the rough numbers, got the philosophy,it's got some guides from pop verse, fountainand podcast index. It's got how you cancontribute to learning more about valuefor value, about podcasting, 2.0,that sort of thing. So yeah, I would justrecommend checking out that if you are or if you knowsomeone who is more of a a learn viathe text method of reading rather than listening,which you know, I, I'm not greatat writing things out, which is why I do podcastingand so this is just a great thing for those whoperhaps would not get much benefit from from my show,from an audio one, but they would getsomething text based, you know, goto a value value for value info with the number fourbeing being in there.
And yeah, I would justrecommend that. And then finally, valuefor value, my last segment here where I give 15% to someonewho I think is worthy of of of a Colletteand it's going to be maybe an unexpectedone this week and I'm going to send 15%to comic strip blogger CSB and this guy So for those who don't know whocomic strip blogger is, he has been followingno agenda. The, you know, Adam Curry's stufffor a long, long time. And this guy isjust so consistent with his supportevery week. And it's not justthe consistency, it's the, the highlighting of it of, of making sure itactually goes through of, you know, on the podcast and to pointI show his the delimiter because he comes inevery single week you know with the same amount or even increasesthe amount over time with a long detailedthought out message.
And just from my, you know, random interactions with him,I don't know him. I have barely interactedwith him. But what I would just sayis, you know, he always seems to be outand about trying to help educateother people and promoting valuefor value. The several of my points today were either surfacedor influenced by him. The the one about whichone was the Bitcoin one. You know, he washe brought this up on the Mastodon chatnot too long ago, which helped give me the ideafor this episode. So I do just want toacknowledge people who are doing great things for for value, for value and helping to educateand promote.
And I think he's definitely worthyof a call out and some recognition. So 15% of today'sepisode goes to comic strip blogger. And I thinkand very much for his work and everythingthat he's doing and I'm going to leave itthere for today. Thank you, everyone, for joining the Valleyfor Valley Show. You might have heard,like I'm a little bitsick this week. I was at a wedding,a little, lost a whole lost from Thursdaytill Monday. So has been a very,very big, long, stressful week for me. So this was a bit of a shorter episode and onewhich was just kind of an ease in back, backafter a pretty hectic time for me.
So I do want to just thank everyone value for value. What is the best thingthat you could do for me? You know, what it wouldbe for this week is just, you know, help educate andand let another podcaster knowabout value for value. So you can do this by sending them a messagedirectly, asking them if there is a way to helpsupport them directly. You know, if they do have a patron on a PayPal,you can maybe say, I don't like usingthat way. Is there a way of doing it,you know, through a direct contributionto a PayPal account or, you know, just maybe if you thinkit's it's worthwhile and if you think the ideaswould be amenable to them moving them on that scalethat I provided further awayfrom perhaps advertising and more to be the full value for valueand or some sort of small highlightsor something like that.
But yeah, I definitely thinkthat value for value does workfor a lot of people, will workfor a lot of podcasters and other digital contentcreators. And yeah, I just the more peoplethat know about it who get to experience it,I think the better it is for everyone because it isdefinitely, I think the, the more ethical way of, of, of creating a showat least personally. So I'm going to leave itthere for today. Thank youeveryone, for joining in. As I mentioned,next week's episode is all going to be aboutstatistics and some stats. This willbe from podcasting, hosting companies.
This will be about how much valueis actually flowing through the value for value method using Bitcoin with the way thatwe can actually see it. So yeah, definitely oneto keep an eye out on for next week. So until then,chao for now, Kyrin out.
