Comment by teekert | Hacker News Reader

Comment by teekert | Hacker News Reader

I put some money on a BTC Lightning wallet, now when I stream a podcast (creator to me), I stream satoshis/minute back. Literally value for value (I use Castamatic [0]). This was always the promise of defi for me. I'm glad it wasn't made illegal, it's starting to move into a useful domain where you can pay creators without friction and perhaps we can then finally get rid of ads (where we want) as the only viable model. I hope this can help indie podcasts from being gobbled up by Spotify, YouTube, etc.

And if you are afraid stuff will be unreachable for some people, the default for the podcasts are 40 sats/min (0.02 cents/min) atm. An yes, it is still difficult to get money into a Lightning wallet, I hope that will change.

These inventions only add to the freedom of creators to make their creations available under their own terms.

[0]: https://apps.apple.com/us/app/castamatic-podcast-player/id96...

I'm curious as to how this is different from Patreon, et al.

Edited: Typo

No dependence on patreon and their controversial decisions (like banning people)? No more censorship?

No more dependence on payment providers? True per minute payment? Near 0 fees?

But now there's a dependency on some blockchain, and almost certainly some kind of centralized money conversion service... the content creator can't turn their fun crypto coins directly into food in their stomach or shelter over their heads.

> almost certainly some kind of centralized money conversion service

Most places have ways to exchange cryptocurrencies offline (using cold wallets), so this is already not the case. If you are lucky you can get a lot of things you need without transferring the money into another currency at all, which is the ideal scenario.

Maybe at some point they can, perhaps I'm being overly idealistic.

Build this into a browser, add 10$ a month to the wallet and automatically devide value over the websites you visit. If enough people would do it, it would be great for (independent) content creators.

You are basically describing Brave and their BAT token.

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