Podcasting is getting a much needed update!
In Ep#41 we're looking at two definitions of podcasting (the initial spirit & the technical) and why Apple/YouTube/Spotify are trying to move away from the open and accessible nature that makes podcasting amazing.
Huge thanks to Cole McCormick (America+), McIntosh (Generation Bitcoin), Genebean (Volunteer Technologist) & Petar for supporting the show. Absolute legends!
15% of this episode is going to Adam Curry for creating the medium of podcasting and then improving it once again!
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My feed ohhh my feed people. It's awful. Okay, everyone, welcome to another episodeof The Value for Value Show. My name is Kyrinand host of the Mere Mortals podcast andMere Mortals in general. And this is one of the branchesof that kind of Brand So today's episode,I just want to get into what is a podcast. Now, look,there's many variations that you can do of this. You can go onthe technical, technical definition,which I will touch upon. But I really wantedto start off with something that was I found quite intriguing,which was that there's, I guesstwo versions of words.
There is the technicalmeaning and then there's the the meaningthat is kind of currently understood by the vastbulk of people. And that's how it's used. And you can see wordschange over time. And so what is a podcast? Well, I'll start off with the more kind ofwishy washy definition, which is and I'll do thisthrough a story. So recently it was the 20th anniversaryof the very first podcast. And so this occurredin 2003, around July 9th, and this was ChristopherLydon and Dave Winer. These were the people who were at well,Dave Winer wrote RSS. So the whole system that podcasting is basedupon, it was the guywho was doing that.
And what Adam Currytalked about recently, and he was the one who suggested that you put an audio fileinto an RSS feed, and we'll get to that inthe technical definition. He was talking about the spirit of itat the beginning. Why did this happen? Why was this created? And he was saying,you know, it was wild,it was exciting. It was mind blowing. There wasn't a hint of moneyas motivation to be seen. Christopher Lydon, who was the onewho recorded this this first podcastwith Dave Winer, he was saying,you know, it was there was a tingleof experimental adventure. I wanted to talk about the the Iraq warwas already a moment completely unexaminedand debated.
He wanted totalk about that, and he found a way thathe could do this through this mechanismof podcasting, which you weren'tgoing to find on the, you know, TV or radio stationsor things like this. So we can definitely seethat the the idea at the start of it was this kind of opennature was to be able to get your thoughts out,to express yourself, to make it accessible,to all. And just to kind of putsomething out there. And I'm reading this book at the moment calledAmusing Ourselves to Death Public Discourse in the Age of ShowBusiness by Neil Postman. And it'sa really intriguing book because it's talking abouthow basically TV, in his opinion, is a kind ofit's a a low quality mediumfor discourse.
It's it actuallymakes things worse. And he has all sortsof definitions for this and reasonsfor this. Talkingabout the visual nature, abouthow we're moving away from a text based culture. And I think this probablyis an episode that I'll do full on itself about the mediumand how this can alter the message and restrictor open up certain things. But I think in this case,we can definitely say that podcastingwas actually opening up. It was creating a newmechanism, a new way for for people to be able to get into a different and essentially say, a different methodof communication.
So we see podcastingstarts off and it's like, wow,this is amazing. This is, you know, reallysuper cool. It's a way for people to express themselves, which wasn't ableto be done before throughany of the other mediums. So super, super cool. Now let's talk about maybe some of the technical definitionsand why there's some current trendswhich have been moving us away from thisand now and why we might want to examine this and see if we can kind ofkeep it open. So I'm going over to podnews here. Who and this is by JamesCridland, and I was quotingjust from his special Happy 20th anniversary,the podcast before.
And so the technicalanswer is it's an audio filein an MP three or a C format without digital rightsmanagement, ie, you don't have a claim tothe digital, I guess like the copyright of it. It's if people. It goes out to everyoneand people can adjust it. It's available to downloadand it's distributed via an RSS feedusing an enclosure tag. You can have videopodcasts, but they're calledvideo podcasts. So this would be if you have an MP for youwith all of these same attributes. So that's the technicaldefinition. And this is relativelyand largely changed over timeover the last 20 years.
What people thinkpodcasts are the most used platformsin the US. Spotify at 24%, Apple Podcasts 21%,and YouTube at 18%. And this was fromthe Edison Research Podcast, Consumer Trackerfrom Q2 21. Now, what'sreally interesting about this is first the three type of the companiesthere, and these were the three companieswhich are actually, I think, trying to move it awayor from from this openness and accessible to all. And I want to view this through the lens of the four properties that I talked aboutin a recent episode, this being the valuetransfer at the very end.
This is also having the O Oh, so let me let mebring them up just so I don't say them. So there'sthe decentralised, there is the selfsovereignty permissionlessand value transfer. There we go. So I want to kind ofdiscuss maybe how these these four propertieswhich I was discussing with relation to Bitcoin and with to the value for value modeland to podcasting, how these are kind ofbeing distorted in these, these recent trends which we've been seeinghappening over the past 3to 4 years in particular. So let's start withthe decentralised one. And so this is wherewe can see, okay, it wasn't, it wasn't as decentralisedas we thought it was, although people were stillputting out RSS feeds, although there were many hosts who were hosting all of thesedifferent feeds.
There was a problemwith the directory and this was that Apple was the main directoryand this is where individualpodcasting apps. So even though there was lots of options to be ableto host your feed lots, lots of options to be ableto listen to that feed via all of thesedifferent podcasting apps, you can kind of imagine it as an hourglasswhere you know, lots of space at the top, lots of space at the bottom,and then there's this kind of bottleneckin the middle. And this wasactually Apple. And so one of the thingsthat Apple has is a directory,and they've had this since almost the very beginningwhen Adam Curry kind of gave them these his directory that he had, which I thinkwas called iPod or something like that, or the orhis own podcast directory.
And they becamethe default the de facto and what actually ended uphappening was if something gotdelisted from the Apple podcastdirectory, it essentially gottaken off of all of the apps as well because they all referencethis one place. So we can see, okay, this actually isn'tdecentralised. Now this is greatif you trust Apple and they just have a kindof default motto of well, well anything that we get inas long as it follows the, you know, the kind of technical definitionsof, of an RSS feed. So it's not,you know, having random strings of characters,it's not breaking things.
People aren't putting in massive or too big filesor too little files or anything like that, as long as as long as itfollows the technical specifications, they,they would publish it. Now, unfortunately,this isn't the case, and we kind ofreally saw this with the Alex JonesDe-Platforming, which occurrednot just on there, but across all social media where it was like, Oh,okay, these guys on the, you know, Switzerland of thethe equivalent of the financial Swissof the world. But for podcasting. No they're they have their own agenda and if someone gets kickedoff of from there they're essentiallyit isn't decentralised.
There is a verycentral entity in the middle of it. So that was that was onearea where we say, okay, as a private company,Apple is awesome, but you might not wantto have it for the main index for peoplebeing able to find out where all the podcastsin the world so we can see, okay, decentralised,you know, podcast is starting to move awayfrom that. Let'sgo on to the second one, which wasSelf-Sovereign anti and this iswhere people are saying know, okay, I've got aYouTube podcast now once again, if peoplewant to use podcast as a synonym for show, and that's the kind ofcommon lingo, I'm not going to fightthat at all.
But what I would just sayis, okay, if you're if you're claimingthat's a podcast and your show gets, you know, once again, kind of kickedoff of YouTube. Yeah,you don't really have this self-sovereign aspect,which is the AI basically being able toto own your own content. And if you go on to theYouTube terms of service, you'll see, you know, they can do whatever the hellthey want with it, if they want to modify it, if they want to alter it, if they want to put adsin front of it or notput ads in front of it, if they deem thatit is hurting the YouTube platform,hurting their listeners, the people who are payingYouTube premium or anything like that,they will get rid of it.
That's it. It's all it'sall in there. It's all it'sall up to them. So once again, if you're calling a YouTube podcast,a podcast, it's it doesn't satisfythis self-sovereign aspect because you can't host those video files yourselfand then YouTube show them, no, you have tohost it on YouTube. So once again, people use the word podcast for, for a showthat's on YouTube. It's it's very muchtrending away from the original intentof of what a podcast was. Let'sgo on to permissionless. Anyone can get infrom basically any access. There is no guardian,there is no one saying, oh, okay, this is how,this is how it's done.
It has to be donethis way, etc., etc.. And this is where we lookat Spotify and see they were doing some things liketurning off the RSS feed. So if you hosteda show on Anchor, which is a subsidiaryof this, okay, no, this is not now a podcastbecause it's not going out to the widerecosystem. It is only within the walled garden of Spotify, the very oppositeof permissionless. And so they weredoing this with exclusive only shows, and you could kind ofsee that through their businessmodel. They needed to becomethe one and only place you could find podcasts, much like YouTubeis the one and only placewhere you can find videos.
The reasonthis occurred for YouTube was pretty muchjust the bandwidth costs of and storageand hosting of videos. That isextremely expensive. Thankfully, with audiothat is not as necessary. And so we can see that, you know, that strategyhasn't particularly worked outwell for them. The last one where I would saythat podcasting and the trends of the lastcouple of years trending awayfrom this open aspect and to a more closedversion of podcasting was advertising. And this was this real fascination with DIY dynamicad insertion. And once again,you could kind of see the value transfer I don't thinkwas of value to the show.
And this was just becauseyou know, dynamic ads, you could say maybe a higher street is adding to the productto the show. You could saymaybe a sponsorship, but dynamicad insertion is and this is wherebasically you'relistening to a podcast and then bam, an ad is shoved inright in the middle. It can be done with kind ofa little bit of grace if the hosts knowabout this hand. And so they have likea mock or it's okay. At 5 minutes 20, I took a break or I was going from one paragraphor one topic to the next. You know, that's an acceptable placeto put an ad in. And they can their hosting servicemight allow that.
But once again the the had insertionis is always a little bit gross because it it it just has no real connectionto the podcast itself and the reasonwhy this is very popular is because you can change out these ads and so you can have an adrunning for, you know, for on a podcast episodefrom five years ago that's still gettinga lot of downloads. Maybe that companywent out of business and they're not payingyou anymore. Maybe that product doesn'texist anymore. And so you can just simply switch out that adand with another ad, bam, you know, now you can get get more money,money, money, money.
And this is how a a first a podcast creator and the ad companiescan all kind of, you know, basically put more put more adsinto your shows which once againI think is taking away from the value transfer. I think that is notin addition to the the transfer of valueto the audience, to the listeners. It's kindof taking away from that. And so those have beenfour of the biggest trends of podcastingin the recent years. And I think that ismoving away from this idea, this definitionthat we had at the start, which was what one,the technical definition it was, it was moving awayfrom that.
Most certainlymost of these things are not noware an audio file like a YouTube podcast isand an audio file. It's a not with digitalrights management. It's not availableto download and it's not distributedvia an RSS feed. We can say, okay,a lot of these things are not fulfillingthe technical answer, nor are they filling. I think thethe spirit of how podcasting was created,which was with this decentralised nature,with this permissionless aspect, with being ableto be self-sovereign of your own content and to provide a valuetransfer to your audience. Those were my own definitionsthat I came up with there.
But I think those arewhat the, the, the spirit was right at the beginningof podcasting. This was whatit was all about. So this is just an episode to talk aboutwhat is a podcast. And we can kind of see the it's become a lotlooser over the years and the a lot of whatpeople are claiming to be to have a podcast now, I don't think fulfils either the technicaldefinition of it or if you're moving awayfrom that to the spirit of the word. I thinkit's moving away from that and which has been sadto see. Tune into the next episodeto find out why this is not going to be a problembecause podcasting 2.0 is coming alongand helping to reclaim this groundand make podcasting.
I'll keep podcasting as awesome as it isand why these kind of closed models and trending away fromopenness is not actually goingto work in the long term. So awesome. Let's jump now onto the Boostagram Lounge because I've got a couple of people I want to thank.
[00:16:13] Unknown:
Welcometo the Value for Value. Boostagram Lounge.
[00:16:21] Unknown:
So coming in right at the top here, we have McIntoshand so I should explain a boostagram is a messagethat you can send directlywithin your podcasting app and that messagewill go to me. Now typically this hasa payment of money attached to itin the form of Bitcoin because you can do thisdigitally. It makes so much moresense from anywhere in the world and it will reach me herein Australia and you can send a message and basicallya comment on the show. You can have some advice,you can have a, you know, just a simplethank you. A any of thesetopic suggestions, all of these are welcomeand we've see all of these coming up in here.
You can also do iton your desktop version and if you go tomeremortals podcast dotcom slash support, I've got a little bitof an explainer there showing youhow you can do that. So if you don't want tochange your actual podcasting app,you can do it via there. So right at the top we have McIntoshand he says Interesting, your properties have direct correlationwith Bitcoin just saying. And then he'sgot the emoji with the little sweat iconand smiling. Great workas always. McIntosh from the GenerationBitcoin podcast. He sent in his favourite2100 sets sent using fountain.
And yeah, look, I think I mentioned it in the last episodeMacintosh, but I was slightly altering thingsto fit in these four properties. You know, it didn't 100% fit in nicely. I had to kind of,you know, shave off the corners of a couple of thingsand squeeze it in. But I think the look,the reason that that these propertiesare important is because they arethe trends of some of the I think they are the the foundation points of threeof the biggest trends that I see coming in thesethese next years. This is,you know, podcasting and the open accessand accessible nature of it, of Bitcoin,of being able to use that in any countryanywhere in the world with no governmenttelling you what you can or can't dowith your own money.
And then also withthe value for value model, which is being able to, I believeis the most ethical way of of living in the worldand earning money. And I'll talk about thisright at the end when I'm kind of doingmy value for value pitch. We also have a messagehere from Comic comic one. And he says, having the audience fully fundthe next episode's release sounds likea potential pitfall. The audienceshould not worry about reaching a thresholdat 2220 to quack, quack, quack, a row of ducksusing a fountain. Yeah, Look cold. This was a good point.
As I was saying this, I was kind of excitedbecause I'm like, I really likeChris Fisher. I like his shows,and I was like, Oh, this isreally interesting. I want to. I want to see howthis goes. And I will kind of keep usupdated on how it does go. But the more I reflectedupon it, the more I went, you know, how is this thatmuch different from the Patreon modelwhere you have a paywall? Yeah, it's it'skind of different because you there's no explicit you can still choose the amount that you wantto send into the show. But I think it it is like we're seeingwith the perhaps the podcasting it ismaybe trending away from the pure spiritof what value for value is, which is I providevalue upfront and then you send me backwhat what you want.
And I think this ismaybe kind of, you know, it's altering itbecause now it's saying, you know, I'll provide youthe value upfront after you've afteryou've sent me in a certain amount,which is obviously not providing value upfront. So yeah, it is kind of aninversion I think, of the the fundamentalaspect of value for value, which is I do it upfrontwithout expectations. So look, I'll, I'll, I'll keep an eye on itand I'll let you know. But yes, I agree. The more I think about it,the more I'm like, hmm, maybe that's not 100%value for value. So thank you very much forsending that in this as a But then there isa blurry line between goalsand community.
I just don't wantto bother people with my bills. It's up to meto make it happen. And then he sendsin a satchel of riches 1111 using fountainonce again. And yeah, that'sthat's the other point I've been discussingrecently on the, on my kind of mainpodcast, the models with my co-host one. And he is always he's always been a much more ambitiousperson than I am. He's got big goals,big plans. He wants to do thesethings. He's very excited. He's always got businessideas going on. Whereas I'm the more kind of slowand steady and not wantingto get myself mixed up in things or make promisesI can't deliver upon.
And he was saying,You know, what we could do is maybe, you know, much like the Chris Fisher is doing,we could have a fund. And so if if we get enoughin for a certain amount, that will be ableto fund us to go overseas and to do these interviewsand things like this. And just my initial reactionwas like, no, I don't want any part of that. I don't want to makepromises. I would feel souncomfortable sitting on at any amount of moneywhich people have sent in to me and which would have no guaranteesof whether I would do what I would sayI was going to do.
For me, I think the best wayto avoid scamming avoids any conflicts of interest, avoid anything that could be misconstruedas the value for value. I do it upfront and it's just there and it's out thereand then I just get back whateverpeople want to send me. I think that's the wayto go. Once again, hold on for untilthe end of the episodes where you'll hear my my real kind of spiel on this and my real kindof conviction. We have Petercoming in here. Have you consideredjoining the crazies on the No Agenda stream, I think. MMOSo I believe that's Millennial Mediaoffensive.
Does Tueslive at 6:30 p.m. Eastern for twoand a half hours and bowl afterbowl is on at 10 p.m. Eastern might be tight1,111% using fountain to do thingswith this one. I believe that it is really tight and there is evenanother show in between those two, so I don't think I'd be able to squeeze in thereon that. The secondand more important one is it's kind ofanyone allowed on there. I don't really know theI know the no agenda. The no agendacommunity is very strong and they have thislive stream set up. And I can imagine the more showsthat they have on there, the better,because then you just don't have this kind of not dead air time,but just replaying of of old content where whereas people, you know,the point of having a live stream is to have livelive shows on there.
But you know, I, I don't tune in tono agenda that often. It's maybe like once every three monthsor something. And it's always kind offor research purposes. It is like anyone allowedto go in there. Is thereis there any kind of I just don't want to step on any toesor to be accidentally saying or notfitting into the spirit of what that community is. So because I'm notdeeply involved in it. So yeah, if you could send me a boost in or letme know via other means what, what isand what is not acceptable to have on that stream. But yeah, hell yeah,I'd love to do that because at the moment mine'sjust going on to the blueberry one, which I'mvery appreciative of and I believe they just haveon their episodes of the Podcasting 2.0and the Geek News Central podcastjust playing on there.
So yeah, maybe,maybe that's a good idea. I'm going to reach out tosome people and do that. So thank you. Thank you, Peter. And he sent in a satchelof Richards as well. And then we have Gene Bean coming in here rightjust before the the podcast went live. And he says plus one to a showfull of cops of pitches. And I mean, I assume he wants to saylots of pitches and that is 5000 that sentusing custom attic. Great. First of all thankyou for that Jim Bean And that is I suppose the the BallerBrewster of this episode. Very much appreciate it and doing it oncosmetic as well I really love to see that.
Yes. Okay that seems to bea very common theme that people want to hear. So I am going to startaccumulating value for value pitches. I'll start creating clipsand for I'll perhaps make thatthe end of this season much like I did for the end of season two,where I had, you know, this huge splitset up of 23 different 23 different splits,all of which were going to people who I'd I'd createdclips of in those shows. So yeah maybe I'll, I willI will do something like that. So I'll start accumulatingthat from from now on. So yes,thank you very much for everyone who sent in a boostagramand I really, really do appreciate that it helpsto fund all the audio hostingthat I'm doing here to give me a bit ofcompensation for my time.
But the most importantthing is to give me ideas,to give me a couple of excellentthings from there. One, okay, I should do you this showfull of pictures and, you know, that's given mea few new episode, which I wouldn'thave thought of before. It's given mesome ideas on live streamsand how I can reach out to different communitiesand perhaps join in different communities. It's given me ideas ofmaking sure that I'm not talking about things which aren't exactly value for valueand or which perhaps are trending away from it. And it'sa good recommendation.
And for keeping meto do that and the, you know, one of the most importantones is just give me encouragement, lets meknow that those numbers that I see on my dashboardfor, for stats, whichI actually don't look at, I only saw themaccidentally the other day that it gives meencouragement. Okay, There'sthere's actually people listening inand they actually care. So that's very, very muchappreciate it. Thank you everyone forfor contributing to the Value for Value podcast. I'm goingto talk about some tips here,and I want to just take a tip that I've learnedrecently is taking some extra timeto reach out like I did with Cole McCormick for episode 400.
So the what we doat the models is we have a kindof little gamification system, and this is very much partof the value for value. So there's no I guess once again,you could say this is a no, no, no. I think this is different because I'm still providing the upfront value,which is the digital contentI'm putting out, i.e. the podcast. And I'm just asking youto contribute. What I am saying isif you reach 100,000 sets, so about $45 Australianof of donations of support where you send outa shirt to you. And so thiswe accumulate this across multiple shows, this being on the models,the book reviews this one and potentiallyany others that we start in the future.
And I said this recentlyon the episode 400, which I had to the meand models was I was going to do just kind of an updatebecause many of the peoplewho are contributing here, Cole McIntoshand Jane Bean, they're starting to actually kind of reachhigh up on the, on the the levels of, of of getting to that kindof hundred thousand limit. And I know that two of them actually have now brokenthat limit. COLE Because he sent in a massive bolivarsto 50,000 the other day and Macintosh. I just believe withthese last couple of ones is has reachedthat level as well.
And so I'll be sending outa special edition model shirt out to themand the learning field for me from this was the sometimeswith the value for value, it can feel, especiallywhen you're starting, it feels like you've beatyour you're begging or you're pleadingor you're being intrusive or you're being weirdor you're being annoying when you're reaching outand asking people for help and are, you know,I don't know what this is. Perhaps this is just a societal thing ofof growing up, at leasthere in Australia. But I believe it'sthe same in many of the Westerncountries and probably many places in the worldwhere you don't want to feellike you're intruding upon other people.
And I don't think it'snecessarily a pride thing for me, at least it it feels likeit's more of a I just don'twant to be a drain. I don't want to be a detriment to other people. And this is one where I didtake some extra time to to reach out. And I said to to call intoMacintosh and being, hey, if you check outepisode 400, then you'll knowkind of roughly where you are on theon the leaderboard and and just like it's that little bitof incentive like if you want to send in a bigger oneto reach up to a shirt you know this is this is how muchyou have to go and I think and lookI could have done that in better ways.
I could have made itmore explicit. But I did do it in my ownkind of ways. And it did have resultsin a call centre in a massive one,because he was like, Yes, I want that t shirt. All right, here you go. His 50,000 statsto make sure I get there. And I just think this is a reallyimportant tip for people. And this isnot related to money wise. This can be related toanything if you'rehaving a problem, if you're strugglingwith something, reaching out and just askinga simple question and obviouslydon't be rude about it. But if there issomething, I think it's betterto take some action and just to go, I'm just going to try this outhere.
Let me let me send outa message to this person or this person. And I think there is a lot of valuethat can be gained just in the askand just of just of reaching out,of just trying something. And it isn't intrusive. No begging, no pleading,no weird nor annoying in the vast bulk. And if you doif you do hit that limit, then you can know, okay, I am being one of thosethings. Maybe I won't do it by sending a messages offto someone in four days. You know that that ismaybe being a bit much. So just a little tipthere, I thinkfor the value for value being activeand realising that in the vast bulk of casesyou want doing it.
Another exampleI was trying to improve the live experience hereand so I was just checking outall of these apps and as I'm doing itright now, I was sending outsome messages to John Spurlock,who's got this boost bot and you're saying maybe the popping isgetting delayed somewhere. And Dave's writer in any case, still, since it still hasn'tbeen written to hype, no app will pick it upunless they manually refresh the feedfor another reason. Feels looks good. By the way, kudosto Todd at Blueberry. So there's something going on in the backgroundwhich is some of the some things are breaking in the backgroundof this system, which allows me to golive.
Now, look, I'm just aan uneducated pleb. I have no coding skills. Technology I struck withthe reluctant geek is is the nickname I've kindof coined for myself. But I was reaching outto all these people and saying like, Hey,you're not doing this. Hey, I think this ishappening. And it kind of felt I didn't want to be intrusive on people,but the responses I was getting was like,Oh, thank you. I didn't even realisethis was happening. You let me know next time. And so that that was once again,just that, that tip, which is just reach outto people if you're having a problem or if you think that something is wrongor you can help out in some way by providingfeedback, I think do it.
Just just switch offthat part of your brain, which is feeling like you might be weirdor you're annoying. Just do it,you know, follow the Nike, the sloganthat they have there. Another thing I wanted to highlight here, and this is the kindof app highlightwhich I a section which I've talkedabout before, I'm going to change itto the app slash service highlight because there'sa lot of cool things going on and serviceswhich you can get, which will help you out in your valuefor value journey. And onewhich has been with me right from the very beginning is a service calledSatoshis Dot stream, and they're prettydamn amazing.
And one of the thingsthat they do and the servicethat they provide is being ableto filter out the messages that people are getting inand sending in to your showin a non-technical way. Like I just mentioned,I'm not technically savvy. I, I hate dealingwith tech problems. I hate software. I hate when my computer hardwareblows up and I have to try and fix it. It's all painful to meand not enjoyable. I don't like thatproblem solving. And one of the greatthings about the service is you can get the messagesfrom boostagrams. So these messages that people are sendingin of, of support and you can get itin a really accessible way which you probably already usingor if not, it's so simple to connect with discord orto connect with Telegram.
And so that'swhat they do. They, they have this thingwhere basically you have to get a you have to ownyour own feed, obviously, andand have access to that. And basically they'll saylike, look, we just need you to prove that you are in your feedby putting in this this, this codeinto one of the episodes. Once you've donethat, it's like, okay, what we willnow do is any messages that you have receivedas a boostagram We will have this optionfor you to connect it with your discord, so it'll pop upautomatically on you on a channelin your discord or on to a telegramchannel that you have with them calledthe Satoshi Stream Bot.
And you can seeall these messages Ding, ding, ding, ding. As I was reading this out, I was reading all of these from the discordwhich I've got set up. And this is just amazingbecause I don't have to know anything about the LightningNetwork or Bitcoin to make this happen. I just have to be able to do some relatively simplecopying and pasting and following of. So I will just say,if you're starting out and you really like, you know, you're excited about theBoostagram messages, but you're kind of put offby the Bitcoin aspect by the Lightning Networkaspect, I would just recommend checking outSatoshis stream.
You can find themon the podcast index, MastodonAdd Satoshis stream. If you go to podcastwallet dot com, there is a link therewhich will show you how to use Satoshisdot stream as well. I use themfor all of my shows. I am not paid from them. In fact,I am paying for them because they take a 4%split of whatever amountthat I set up to them, whichat the moment is 10%. I should probably make ithigher to be honest, because that the servicereally is really great and honestly, I wouldn'thave got this far in the value for valueof being able to support myself monetarily throughthrough these means without them.
So just a strongrecommendation for them. And yeah, once again,this is not a an ad nor a sponsorshipbecause I am paying for them. So this is going toget me onto my final value for value section. So I want to sendI was mentioning Adam Curry beforeright at the beginning. So for this week, 15%of the show of for this episodeis going to Adam Curry as once againa thank you for, for creating all of thiskind of to begin with or being very instrumentalin the creating of of this accessible open natureof this digital medium which I use almost wellI use every single day.
And if you were hearingjust before it was on the Boostagram Lounge, he helped createthe jingle for that. That is Adam Curry, you know, in that introductionsection there. So this is just a 15% toto thank him for helping out and my last little valuefor value pitch here is I, I want to reiterate just how importantI think this is. I am my convictionlevel of this is so high, it's probably higher onanything than I've ever felt before when I first found valuefor value and this modeland what it would mean, it kept me sleeplessand it still does. Finally enough the nightswhich it where I get interruptedsleep other nights before a valuefor value episode.
So last night I was kind of tossing andturning, so I was like, What exactly doI want talk about today? How am I goingto structure it? How can I reiteratejust how important I think this is and whyI think this is going to change so much so,so much. Just the whole the whole The only wayI want to earn a living in the future isis through a contribution where people feel goodabout it. I don'twant them to feel like it's a they have to likethere's a bit of like pain when thatwhen they're sending some moneyor value to me in general. I want them to feel goodabout it.
And the only wayI can see doing this is through the valuefor value model. Once again,the simplicity is I provided upfront and you don't have to do anythingif you don't want to. If you don'tget value from it, or if the value thresholdis not enough for you to take action, that is completelyunderstandable, reasonable,and incorrigible. I don't think everythingthat everyone does in the world should have tobe paid for their actions. No, they should be or receive valuefor their actions. No, I think there'splenty of things where, once again, one man's trashis another man's treasure.
Thingsthat I might be doing, which I thinkare valuable, you could findactually a detriment. You would youwould pay not to see it. And so this is where Ithink the value for value model is so importantand why It's the only way that I want to do thisin the future. And once again,my conviction level is is so, so high. And this it'sbecause it makes the world a better place ultimately. And that's kind of like one of my guidingprinciples in life. You know what? If I'm thinking ofdoing things, do I think this is goingto make it better for for everyone?
Or it's kind of that NorthStar, will this help me? Will it help other people?And I think it does. I think this isone of the only things where I I'm truly,truly convinced that this there'sno downsides for me following valuefor value model or if they are the downsides that I can tolerate, I can toleratethe fluctuations of of not knowing how much I'm goingto receive for an episode. And once again, it it it doesn't focus just on the money,it's on the value. It's these messagesthat I'm getting in are so much more valuablethan the amounts that those that moneysums up to in total.
Now, look in the total. Yes, it will helpvery much and help cover costsand ultimately allow me to live. But that's allI want to do. I want to justlive from this. I don't want to becomea billionaire. I don't want to becomea millionaire from this. I just want enoughto be able to to essentially keep doingwhat I'm doing now. So, yeah, just reiterating,you know, my convictionlevel is so high on this and this is why on thisshow, there's never going to bean on across any of my shows. You will never hear andadvertise a nor a sponsor. And I will tryand be as 100% transparent with all of thisas possible.
I will go out of my way to read out itbasically every message to to to show this is this iswhat I'm all about. This is this is legit. This is going tochange the world. And I think this isthe way forward for. But basically allnot all digital content, but for a lot of it,there is a huge room for why this makes sensein music and text and audio, in anything in art, in anything that is digitalphotography. I Yeah, I think it's goingto change the world. So yes, thank you everyone for,for tuning into the value for valueshow for episode 41 here. I'm going toleave it up there for the next episodeComing up.
I will be you might havegot a little bit depressed about,Oh, no, you know, podcasting is becomingclosed. It's losing all ofthese awesome things which made it awesome. But worry, not fear. Not becausewe'll be diving into what podcasting 2.0 isand why this is actually, I don't want to sayreclaiming. It's just keeping whatpodcasting is all about and what made it awesomein the first place. So yeah, be preparedfor that. Tune in next week,live at UTC, midnight or UTC plus ten for the Australian EasternStandard time and on. Well, sorry I shouldmake that clear. I am sorry.
10 a.m. UTC plus ten so 10 a.m. AustralianEastern Standard Time, which is UTC midnight on that border between the Tuesdayand the Wednesday. So thank youeveryone for tuning in and until the next time,chao for now, Kyrin out.
My feed ohhh my feed people. It's awful. Okay, everyone, welcome to another episodeof The Value for Value Show. My name is Kyrinand host of the Mere Mortals podcast andMere Mortals in general. And this is one of the branchesof that kind of Brand So today's episode,I just want to get into what is a podcast. Now, look,there's many variations that you can do of this. You can go onthe technical, technical definition,which I will touch upon. But I really wantedto start off with something that was I found quite intriguing,which was that there's, I guesstwo versions of words.
There is the technicalmeaning and then there's the the meaningthat is kind of currently understood by the vastbulk of people. And that's how it's used. And you can see wordschange over time. And so what is a podcast? Well, I'll start off with the more kind ofwishy washy definition, which is and I'll do thisthrough a story. So recently it was the 20th anniversaryof the very first podcast. And so this occurredin 2003, around July 9th, and this was ChristopherLydon and Dave Winer. These were the people who were at well,Dave Winer wrote RSS. So the whole system that podcasting is basedupon, it was the guywho was doing that.
And what Adam Currytalked about recently, and he was the one who suggested that you put an audio fileinto an RSS feed, and we'll get to that inthe technical definition. He was talking about the spirit of itat the beginning. Why did this happen? Why was this created? And he was saying,you know, it was wild,it was exciting. It was mind blowing. There wasn't a hint of moneyas motivation to be seen. Christopher Lydon, who was the onewho recorded this this first podcastwith Dave Winer, he was saying,you know, it was there was a tingleof experimental adventure. I wanted to talk about the the Iraq warwas already a moment completely unexaminedand debated.
He wanted totalk about that, and he found a way thathe could do this through this mechanismof podcasting, which you weren'tgoing to find on the, you know, TV or radio stationsor things like this. So we can definitely seethat the the idea at the start of it was this kind of opennature was to be able to get your thoughts out,to express yourself, to make it accessible,to all. And just to kind of putsomething out there. And I'm reading this book at the moment calledAmusing Ourselves to Death Public Discourse in the Age of ShowBusiness by Neil Postman. And it'sa really intriguing book because it's talking abouthow basically TV, in his opinion, is a kind ofit's a a low quality mediumfor discourse.
It's it actuallymakes things worse. And he has all sortsof definitions for this and reasonsfor this. Talkingabout the visual nature, abouthow we're moving away from a text based culture. And I think this probablyis an episode that I'll do full on itself about the mediumand how this can alter the message and restrictor open up certain things. But I think in this case,we can definitely say that podcastingwas actually opening up. It was creating a newmechanism, a new way for for people to be able to get into a different and essentially say, a different methodof communication.
So we see podcastingstarts off and it's like, wow,this is amazing. This is, you know, reallysuper cool. It's a way for people to express themselves, which wasn't ableto be done before throughany of the other mediums. So super, super cool. Now let's talk about maybe some of the technical definitionsand why there's some current trendswhich have been moving us away from thisand now and why we might want to examine this and see if we can kind ofkeep it open. So I'm going over to podnews here. Who and this is by JamesCridland, and I was quotingjust from his special Happy 20th anniversary,the podcast before.
And so the technicalanswer is it's an audio filein an MP three or a C format without digital rightsmanagement, ie, you don't have a claim tothe digital, I guess like the copyright of it. It's if people. It goes out to everyoneand people can adjust it. It's available to downloadand it's distributed via an RSS feedusing an enclosure tag. You can have videopodcasts, but they're calledvideo podcasts. So this would be if you have an MP for youwith all of these same attributes. So that's the technicaldefinition. And this is relativelyand largely changed over timeover the last 20 years.
What people thinkpodcasts are the most used platformsin the US. Spotify at 24%, Apple Podcasts 21%,and YouTube at 18%. And this was fromthe Edison Research Podcast, Consumer Trackerfrom Q2 21. Now, what'sreally interesting about this is first the three type of the companiesthere, and these were the three companieswhich are actually, I think, trying to move it awayor from from this openness and accessible to all. And I want to view this through the lens of the four properties that I talked aboutin a recent episode, this being the valuetransfer at the very end.
This is also having the O Oh, so let me let mebring them up just so I don't say them. So there'sthe decentralised, there is the selfsovereignty permissionlessand value transfer. There we go. So I want to kind ofdiscuss maybe how these these four propertieswhich I was discussing with relation to Bitcoin and with to the value for value modeland to podcasting, how these are kind ofbeing distorted in these, these recent trends which we've been seeinghappening over the past 3to 4 years in particular. So let's start withthe decentralised one. And so this is wherewe can see, okay, it wasn't, it wasn't as decentralisedas we thought it was, although people were stillputting out RSS feeds, although there were many hosts who were hosting all of thesedifferent feeds.
There was a problemwith the directory and this was that Apple was the main directoryand this is where individualpodcasting apps. So even though there was lots of options to be ableto host your feed lots, lots of options to be ableto listen to that feed via all of thesedifferent podcasting apps, you can kind of imagine it as an hourglasswhere you know, lots of space at the top, lots of space at the bottom,and then there's this kind of bottleneckin the middle. And this wasactually Apple. And so one of the thingsthat Apple has is a directory,and they've had this since almost the very beginningwhen Adam Curry kind of gave them these his directory that he had, which I thinkwas called iPod or something like that, or the orhis own podcast directory.
And they becamethe default the de facto and what actually ended uphappening was if something gotdelisted from the Apple podcastdirectory, it essentially gottaken off of all of the apps as well because they all referencethis one place. So we can see, okay, this actually isn'tdecentralised. Now this is greatif you trust Apple and they just have a kindof default motto of well, well anything that we get inas long as it follows the, you know, the kind of technical definitionsof, of an RSS feed. So it's not,you know, having random strings of characters,it's not breaking things.
People aren't putting in massive or too big filesor too little files or anything like that, as long as as long as itfollows the technical specifications, they,they would publish it. Now, unfortunately,this isn't the case, and we kind ofreally saw this with the Alex JonesDe-Platforming, which occurrednot just on there, but across all social media where it was like, Oh,okay, these guys on the, you know, Switzerland of thethe equivalent of the financial Swissof the world. But for podcasting. No they're they have their own agenda and if someone gets kickedoff of from there they're essentiallyit isn't decentralised.
There is a verycentral entity in the middle of it. So that was that was onearea where we say, okay, as a private company,Apple is awesome, but you might not wantto have it for the main index for peoplebeing able to find out where all the podcastsin the world so we can see, okay, decentralised,you know, podcast is starting to move awayfrom that. Let'sgo on to the second one, which wasSelf-Sovereign anti and this iswhere people are saying know, okay, I've got aYouTube podcast now once again, if peoplewant to use podcast as a synonym for show, and that's the kind ofcommon lingo, I'm not going to fightthat at all.
But what I would just sayis, okay, if you're if you're claimingthat's a podcast and your show gets, you know, once again, kind of kickedoff of YouTube. Yeah,you don't really have this self-sovereign aspect,which is the AI basically being able toto own your own content. And if you go on to theYouTube terms of service, you'll see, you know, they can do whatever the hellthey want with it, if they want to modify it, if they want to alter it, if they want to put adsin front of it or notput ads in front of it, if they deem thatit is hurting the YouTube platform,hurting their listeners, the people who are payingYouTube premium or anything like that,they will get rid of it.
That's it. It's all it'sall in there. It's all it'sall up to them. So once again, if you're calling a YouTube podcast,a podcast, it's it doesn't satisfythis self-sovereign aspect because you can't host those video files yourselfand then YouTube show them, no, you have tohost it on YouTube. So once again, people use the word podcast for, for a showthat's on YouTube. It's it's very muchtrending away from the original intentof of what a podcast was. Let'sgo on to permissionless. Anyone can get infrom basically any access. There is no guardian,there is no one saying, oh, okay, this is how,this is how it's done.
It has to be donethis way, etc., etc.. And this is where we lookat Spotify and see they were doing some things liketurning off the RSS feed. So if you hosteda show on Anchor, which is a subsidiaryof this, okay, no, this is not now a podcastbecause it's not going out to the widerecosystem. It is only within the walled garden of Spotify, the very oppositeof permissionless. And so they weredoing this with exclusive only shows, and you could kind ofsee that through their businessmodel. They needed to becomethe one and only place you could find podcasts, much like YouTubeis the one and only placewhere you can find videos.
The reasonthis occurred for YouTube was pretty muchjust the bandwidth costs of and storageand hosting of videos. That isextremely expensive. Thankfully, with audiothat is not as necessary. And so we can see that, you know, that strategyhasn't particularly worked outwell for them. The last one where I would saythat podcasting and the trends of the lastcouple of years trending awayfrom this open aspect and to a more closedversion of podcasting was advertising. And this was this real fascination with DIY dynamicad insertion. And once again,you could kind of see the value transfer I don't thinkwas of value to the show.
And this was just becauseyou know, dynamic ads, you could say maybe a higher street is adding to the productto the show. You could saymaybe a sponsorship, but dynamicad insertion is and this is wherebasically you'relistening to a podcast and then bam, an ad is shoved inright in the middle. It can be done with kind ofa little bit of grace if the hosts knowabout this hand. And so they have likea mock or it's okay. At 5 minutes 20, I took a break or I was going from one paragraphor one topic to the next. You know, that's an acceptable placeto put an ad in. And they can their hosting servicemight allow that.
But once again the the had insertionis is always a little bit gross because it it it just has no real connectionto the podcast itself and the reasonwhy this is very popular is because you can change out these ads and so you can have an adrunning for, you know, for on a podcast episodefrom five years ago that's still gettinga lot of downloads. Maybe that companywent out of business and they're not payingyou anymore. Maybe that product doesn'texist anymore. And so you can just simply switch out that adand with another ad, bam, you know, now you can get get more money,money, money, money.
And this is how a a first a podcast creator and the ad companiescan all kind of, you know, basically put more put more adsinto your shows which once againI think is taking away from the value transfer. I think that is notin addition to the the transfer of valueto the audience, to the listeners. It's kindof taking away from that. And so those have beenfour of the biggest trends of podcastingin the recent years. And I think that ismoving away from this idea, this definitionthat we had at the start, which was what one,the technical definition it was, it was moving awayfrom that.
Most certainlymost of these things are not noware an audio file like a YouTube podcast isand an audio file. It's a not with digitalrights management. It's not availableto download and it's not distributedvia an RSS feed. We can say, okay,a lot of these things are not fulfillingthe technical answer, nor are they filling. I think thethe spirit of how podcasting was created,which was with this decentralised nature,with this permissionless aspect, with being ableto be self-sovereign of your own content and to provide a valuetransfer to your audience. Those were my own definitionsthat I came up with there.
But I think those arewhat the, the, the spirit was right at the beginningof podcasting. This was whatit was all about. So this is just an episode to talk aboutwhat is a podcast. And we can kind of see the it's become a lotlooser over the years and the a lot of whatpeople are claiming to be to have a podcast now, I don't think fulfils either the technicaldefinition of it or if you're moving awayfrom that to the spirit of the word. I thinkit's moving away from that and which has been sadto see. Tune into the next episodeto find out why this is not going to be a problembecause podcasting 2.0 is coming alongand helping to reclaim this groundand make podcasting.
I'll keep podcasting as awesome as it isand why these kind of closed models and trending away fromopenness is not actually goingto work in the long term. So awesome. Let's jump now onto the Boostagram Lounge because I've got a couple of people I want to thank.
[00:16:13] Unknown:
Welcometo the Value for Value. Boostagram Lounge.
[00:16:21] Unknown:
So coming in right at the top here, we have McIntoshand so I should explain a boostagram is a messagethat you can send directlywithin your podcasting app and that messagewill go to me. Now typically this hasa payment of money attached to itin the form of Bitcoin because you can do thisdigitally. It makes so much moresense from anywhere in the world and it will reach me herein Australia and you can send a message and basicallya comment on the show. You can have some advice,you can have a, you know, just a simplethank you. A any of thesetopic suggestions, all of these are welcomeand we've see all of these coming up in here.
You can also do iton your desktop version and if you go tomeremortals podcast dotcom slash support, I've got a little bitof an explainer there showing youhow you can do that. So if you don't want tochange your actual podcasting app,you can do it via there. So right at the top we have McIntoshand he says Interesting, your properties have direct correlationwith Bitcoin just saying. And then he'sgot the emoji with the little sweat iconand smiling. Great workas always. McIntosh from the GenerationBitcoin podcast. He sent in his favourite2100 sets sent using fountain.
And yeah, look, I think I mentioned it in the last episodeMacintosh, but I was slightly altering thingsto fit in these four properties. You know, it didn't 100% fit in nicely. I had to kind of,you know, shave off the corners of a couple of thingsand squeeze it in. But I think the look,the reason that that these propertiesare important is because they arethe trends of some of the I think they are the the foundation points of threeof the biggest trends that I see coming in thesethese next years. This is,you know, podcasting and the open accessand accessible nature of it, of Bitcoin,of being able to use that in any countryanywhere in the world with no governmenttelling you what you can or can't dowith your own money.
And then also withthe value for value model, which is being able to, I believeis the most ethical way of of living in the worldand earning money. And I'll talk about thisright at the end when I'm kind of doingmy value for value pitch. We also have a messagehere from Comic comic one. And he says, having the audience fully fundthe next episode's release sounds likea potential pitfall. The audienceshould not worry about reaching a thresholdat 2220 to quack, quack, quack, a row of ducksusing a fountain. Yeah, Look cold. This was a good point.
As I was saying this, I was kind of excitedbecause I'm like, I really likeChris Fisher. I like his shows,and I was like, Oh, this isreally interesting. I want to. I want to see howthis goes. And I will kind of keep usupdated on how it does go. But the more I reflectedupon it, the more I went, you know, how is this thatmuch different from the Patreon modelwhere you have a paywall? Yeah, it's it'skind of different because you there's no explicit you can still choose the amount that you wantto send into the show. But I think it it is like we're seeingwith the perhaps the podcasting it ismaybe trending away from the pure spiritof what value for value is, which is I providevalue upfront and then you send me backwhat what you want.
And I think this ismaybe kind of, you know, it's altering itbecause now it's saying, you know, I'll provide youthe value upfront after you've afteryou've sent me in a certain amount,which is obviously not providing value upfront. So yeah, it is kind of aninversion I think, of the the fundamentalaspect of value for value, which is I do it upfrontwithout expectations. So look, I'll, I'll, I'll keep an eye on itand I'll let you know. But yes, I agree. The more I think about it,the more I'm like, hmm, maybe that's not 100%value for value. So thank you very much forsending that in this as a But then there isa blurry line between goalsand community.
I just don't wantto bother people with my bills. It's up to meto make it happen. And then he sendsin a satchel of riches 1111 using fountainonce again. And yeah, that'sthat's the other point I've been discussingrecently on the, on my kind of mainpodcast, the models with my co-host one. And he is always he's always been a much more ambitiousperson than I am. He's got big goals,big plans. He wants to do thesethings. He's very excited. He's always got businessideas going on. Whereas I'm the more kind of slowand steady and not wantingto get myself mixed up in things or make promisesI can't deliver upon.
And he was saying,You know, what we could do is maybe, you know, much like the Chris Fisher is doing,we could have a fund. And so if if we get enoughin for a certain amount, that will be ableto fund us to go overseas and to do these interviewsand things like this. And just my initial reactionwas like, no, I don't want any part of that. I don't want to makepromises. I would feel souncomfortable sitting on at any amount of moneywhich people have sent in to me and which would have no guaranteesof whether I would do what I would sayI was going to do.
For me, I think the best wayto avoid scamming avoids any conflicts of interest, avoid anything that could be misconstruedas the value for value. I do it upfront and it's just there and it's out thereand then I just get back whateverpeople want to send me. I think that's the wayto go. Once again, hold on for untilthe end of the episodes where you'll hear my my real kind of spiel on this and my real kindof conviction. We have Petercoming in here. Have you consideredjoining the crazies on the No Agenda stream, I think. MMOSo I believe that's Millennial Mediaoffensive.
Does Tueslive at 6:30 p.m. Eastern for twoand a half hours and bowl afterbowl is on at 10 p.m. Eastern might be tight1,111% using fountain to do thingswith this one. I believe that it is really tight and there is evenanother show in between those two, so I don't think I'd be able to squeeze in thereon that. The secondand more important one is it's kind ofanyone allowed on there. I don't really know theI know the no agenda. The no agendacommunity is very strong and they have thislive stream set up. And I can imagine the more showsthat they have on there, the better,because then you just don't have this kind of not dead air time,but just replaying of of old content where whereas people, you know,the point of having a live stream is to have livelive shows on there.
But you know, I, I don't tune in tono agenda that often. It's maybe like once every three monthsor something. And it's always kind offor research purposes. It is like anyone allowedto go in there. Is thereis there any kind of I just don't want to step on any toesor to be accidentally saying or notfitting into the spirit of what that community is. So because I'm notdeeply involved in it. So yeah, if you could send me a boost in or letme know via other means what, what isand what is not acceptable to have on that stream. But yeah, hell yeah,I'd love to do that because at the moment mine'sjust going on to the blueberry one, which I'mvery appreciative of and I believe they just haveon their episodes of the Podcasting 2.0and the Geek News Central podcastjust playing on there.
So yeah, maybe,maybe that's a good idea. I'm going to reach out tosome people and do that. So thank you. Thank you, Peter. And he sent in a satchelof Richards as well. And then we have Gene Bean coming in here rightjust before the the podcast went live. And he says plus one to a showfull of cops of pitches. And I mean, I assume he wants to saylots of pitches and that is 5000 that sentusing custom attic. Great. First of all thankyou for that Jim Bean And that is I suppose the the BallerBrewster of this episode. Very much appreciate it and doing it oncosmetic as well I really love to see that.
Yes. Okay that seems to bea very common theme that people want to hear. So I am going to startaccumulating value for value pitches. I'll start creating clipsand for I'll perhaps make thatthe end of this season much like I did for the end of season two,where I had, you know, this huge splitset up of 23 different 23 different splits,all of which were going to people who I'd I'd createdclips of in those shows. So yeah maybe I'll, I willI will do something like that. So I'll start accumulatingthat from from now on. So yes,thank you very much for everyone who sent in a boostagramand I really, really do appreciate that it helpsto fund all the audio hostingthat I'm doing here to give me a bit ofcompensation for my time.
But the most importantthing is to give me ideas,to give me a couple of excellentthings from there. One, okay, I should do you this showfull of pictures and, you know, that's given mea few new episode, which I wouldn'thave thought of before. It's given mesome ideas on live streamsand how I can reach out to different communitiesand perhaps join in different communities. It's given me ideas ofmaking sure that I'm not talking about things which aren't exactly value for valueand or which perhaps are trending away from it. And it'sa good recommendation.
And for keeping meto do that and the, you know, one of the most importantones is just give me encouragement, lets meknow that those numbers that I see on my dashboardfor, for stats, whichI actually don't look at, I only saw themaccidentally the other day that it gives meencouragement. Okay, There'sthere's actually people listening inand they actually care. So that's very, very muchappreciate it. Thank you everyone forfor contributing to the Value for Value podcast. I'm goingto talk about some tips here,and I want to just take a tip that I've learnedrecently is taking some extra timeto reach out like I did with Cole McCormick for episode 400.
So the what we doat the models is we have a kindof little gamification system, and this is very much partof the value for value. So there's no I guess once again,you could say this is a no, no, no. I think this is different because I'm still providing the upfront value,which is the digital contentI'm putting out, i.e. the podcast. And I'm just asking youto contribute. What I am saying isif you reach 100,000 sets, so about $45 Australianof of donations of support where you send outa shirt to you. And so thiswe accumulate this across multiple shows, this being on the models,the book reviews this one and potentiallyany others that we start in the future.
And I said this recentlyon the episode 400, which I had to the meand models was I was going to do just kind of an updatebecause many of the peoplewho are contributing here, Cole McIntoshand Jane Bean, they're starting to actually kind of reachhigh up on the, on the the levels of, of of getting to that kindof hundred thousand limit. And I know that two of them actually have now brokenthat limit. COLE Because he sent in a massive bolivarsto 50,000 the other day and Macintosh. I just believe withthese last couple of ones is has reachedthat level as well.
And so I'll be sending outa special edition model shirt out to themand the learning field for me from this was the sometimeswith the value for value, it can feel, especiallywhen you're starting, it feels like you've beatyour you're begging or you're pleadingor you're being intrusive or you're being weirdor you're being annoying when you're reaching outand asking people for help and are, you know,I don't know what this is. Perhaps this is just a societal thing ofof growing up, at leasthere in Australia. But I believe it'sthe same in many of the Westerncountries and probably many places in the worldwhere you don't want to feellike you're intruding upon other people.
And I don't think it'snecessarily a pride thing for me, at least it it feels likeit's more of a I just don'twant to be a drain. I don't want to be a detriment to other people. And this is one where I didtake some extra time to to reach out. And I said to to call intoMacintosh and being, hey, if you check outepisode 400, then you'll knowkind of roughly where you are on theon the leaderboard and and just like it's that little bitof incentive like if you want to send in a bigger oneto reach up to a shirt you know this is this is how muchyou have to go and I think and lookI could have done that in better ways.
I could have made itmore explicit. But I did do it in my ownkind of ways. And it did have resultsin a call centre in a massive one,because he was like, Yes, I want that t shirt. All right, here you go. His 50,000 statsto make sure I get there. And I just think this is a reallyimportant tip for people. And this isnot related to money wise. This can be related toanything if you'rehaving a problem, if you're strugglingwith something, reaching out and just askinga simple question and obviouslydon't be rude about it. But if there issomething, I think it's betterto take some action and just to go, I'm just going to try this outhere.
Let me let me send outa message to this person or this person. And I think there is a lot of valuethat can be gained just in the askand just of just of reaching out,of just trying something. And it isn't intrusive. No begging, no pleading,no weird nor annoying in the vast bulk. And if you doif you do hit that limit, then you can know, okay, I am being one of thosethings. Maybe I won't do it by sending a messages offto someone in four days. You know that that ismaybe being a bit much. So just a little tipthere, I thinkfor the value for value being activeand realising that in the vast bulk of casesyou want doing it.
Another exampleI was trying to improve the live experience hereand so I was just checking outall of these apps and as I'm doing itright now, I was sending outsome messages to John Spurlock,who's got this boost bot and you're saying maybe the popping isgetting delayed somewhere. And Dave's writer in any case, still, since it still hasn'tbeen written to hype, no app will pick it upunless they manually refresh the feedfor another reason. Feels looks good. By the way, kudosto Todd at Blueberry. So there's something going on in the backgroundwhich is some of the some things are breaking in the backgroundof this system, which allows me to golive.
Now, look, I'm just aan uneducated pleb. I have no coding skills. Technology I struck withthe reluctant geek is is the nickname I've kindof coined for myself. But I was reaching outto all these people and saying like, Hey,you're not doing this. Hey, I think this ishappening. And it kind of felt I didn't want to be intrusive on people,but the responses I was getting was like,Oh, thank you. I didn't even realisethis was happening. You let me know next time. And so that that was once again,just that, that tip, which is just reach outto people if you're having a problem or if you think that something is wrongor you can help out in some way by providingfeedback, I think do it.
Just just switch offthat part of your brain, which is feeling like you might be weirdor you're annoying. Just do it,you know, follow the Nike, the sloganthat they have there. Another thing I wanted to highlight here, and this is the kindof app highlightwhich I a section which I've talkedabout before, I'm going to change itto the app slash service highlight because there'sa lot of cool things going on and serviceswhich you can get, which will help you out in your valuefor value journey. And onewhich has been with me right from the very beginning is a service calledSatoshis Dot stream, and they're prettydamn amazing.
And one of the thingsthat they do and the servicethat they provide is being ableto filter out the messages that people are getting inand sending in to your showin a non-technical way. Like I just mentioned,I'm not technically savvy. I, I hate dealingwith tech problems. I hate software. I hate when my computer hardwareblows up and I have to try and fix it. It's all painful to meand not enjoyable. I don't like thatproblem solving. And one of the greatthings about the service is you can get the messagesfrom boostagrams. So these messages that people are sendingin of, of support and you can get itin a really accessible way which you probably already usingor if not, it's so simple to connect with discord orto connect with Telegram.
And so that'swhat they do. They, they have this thingwhere basically you have to get a you have to ownyour own feed, obviously, andand have access to that. And basically they'll saylike, look, we just need you to prove that you are in your feedby putting in this this, this codeinto one of the episodes. Once you've donethat, it's like, okay, what we willnow do is any messages that you have receivedas a boostagram We will have this optionfor you to connect it with your discord, so it'll pop upautomatically on you on a channelin your discord or on to a telegramchannel that you have with them calledthe Satoshi Stream Bot.
And you can seeall these messages Ding, ding, ding, ding. As I was reading this out, I was reading all of these from the discordwhich I've got set up. And this is just amazingbecause I don't have to know anything about the LightningNetwork or Bitcoin to make this happen. I just have to be able to do some relatively simplecopying and pasting and following of. So I will just say,if you're starting out and you really like, you know, you're excited about theBoostagram messages, but you're kind of put offby the Bitcoin aspect by the Lightning Networkaspect, I would just recommend checking outSatoshis stream.
You can find themon the podcast index, MastodonAdd Satoshis stream. If you go to podcastwallet dot com, there is a link therewhich will show you how to use Satoshisdot stream as well. I use themfor all of my shows. I am not paid from them. In fact,I am paying for them because they take a 4%split of whatever amountthat I set up to them, whichat the moment is 10%. I should probably make ithigher to be honest, because that the servicereally is really great and honestly, I wouldn'thave got this far in the value for valueof being able to support myself monetarily throughthrough these means without them.
So just a strongrecommendation for them. And yeah, once again,this is not a an ad nor a sponsorshipbecause I am paying for them. So this is going toget me onto my final value for value section. So I want to sendI was mentioning Adam Curry beforeright at the beginning. So for this week, 15%of the show of for this episodeis going to Adam Curry as once againa thank you for, for creating all of thiskind of to begin with or being very instrumentalin the creating of of this accessible open natureof this digital medium which I use almost wellI use every single day.
And if you were hearingjust before it was on the Boostagram Lounge, he helped createthe jingle for that. That is Adam Curry, you know, in that introductionsection there. So this is just a 15% toto thank him for helping out and my last little valuefor value pitch here is I, I want to reiterate just how importantI think this is. I am my convictionlevel of this is so high, it's probably higher onanything than I've ever felt before when I first found valuefor value and this modeland what it would mean, it kept me sleeplessand it still does. Finally enough the nightswhich it where I get interruptedsleep other nights before a valuefor value episode.
So last night I was kind of tossing andturning, so I was like, What exactly doI want talk about today? How am I goingto structure it? How can I reiteratejust how important I think this is and whyI think this is going to change so much so,so much. Just the whole the whole The only wayI want to earn a living in the future isis through a contribution where people feel goodabout it. I don'twant them to feel like it's a they have to likethere's a bit of like pain when thatwhen they're sending some moneyor value to me in general. I want them to feel goodabout it.
And the only wayI can see doing this is through the valuefor value model. Once again,the simplicity is I provided upfront and you don't have to do anythingif you don't want to. If you don'tget value from it, or if the value thresholdis not enough for you to take action, that is completelyunderstandable, reasonable,and incorrigible. I don't think everythingthat everyone does in the world should have tobe paid for their actions. No, they should be or receive valuefor their actions. No, I think there'splenty of things where, once again, one man's trashis another man's treasure.
Thingsthat I might be doing, which I thinkare valuable, you could findactually a detriment. You would youwould pay not to see it. And so this is where Ithink the value for value model is so importantand why It's the only way that I want to do thisin the future. And once again,my conviction level is is so, so high. And this it'sbecause it makes the world a better place ultimately. And that's kind of like one of my guidingprinciples in life. You know what? If I'm thinking ofdoing things, do I think this is goingto make it better for for everyone?
Or it's kind of that NorthStar, will this help me? Will it help other people?And I think it does. I think this isone of the only things where I I'm truly,truly convinced that this there'sno downsides for me following valuefor value model or if they are the downsides that I can tolerate, I can toleratethe fluctuations of of not knowing how much I'm goingto receive for an episode. And once again, it it it doesn't focus just on the money,it's on the value. It's these messagesthat I'm getting in are so much more valuablethan the amounts that those that moneysums up to in total.
Now, look in the total. Yes, it will helpvery much and help cover costsand ultimately allow me to live. But that's allI want to do. I want to justlive from this. I don't want to becomea billionaire. I don't want to becomea millionaire from this. I just want enoughto be able to to essentially keep doingwhat I'm doing now. So, yeah, just reiterating,you know, my convictionlevel is so high on this and this is why on thisshow, there's never going to bean on across any of my shows. You will never hear andadvertise a nor a sponsor. And I will tryand be as 100% transparent with all of thisas possible.
I will go out of my way to read out itbasically every message to to to show this is this iswhat I'm all about. This is this is legit. This is going tochange the world. And I think this isthe way forward for. But basically allnot all digital content, but for a lot of it,there is a huge room for why this makes sensein music and text and audio, in anything in art, in anything that is digitalphotography. I Yeah, I think it's goingto change the world. So yes, thank you everyone for,for tuning into the value for valueshow for episode 41 here. I'm going toleave it up there for the next episodeComing up.
I will be you might havegot a little bit depressed about,Oh, no, you know, podcasting is becomingclosed. It's losing all ofthese awesome things which made it awesome. But worry, not fear. Not becausewe'll be diving into what podcasting 2.0 isand why this is actually, I don't want to sayreclaiming. It's just keeping whatpodcasting is all about and what made it awesomein the first place. So yeah, be preparedfor that. Tune in next week,live at UTC, midnight or UTC plus ten for the Australian EasternStandard time and on. Well, sorry I shouldmake that clear. I am sorry.
10 a.m. UTC plus ten so 10 a.m. AustralianEastern Standard Time, which is UTC midnight on that border between the Tuesdayand the Wednesday. So thank youeveryone for tuning in and until the next time,chao for now, Kyrin out.
