First I’m going to share two videos: they’re the two best short explanations of how to buy crypto currency (probably Bitcoin is your best bet) and how to use it to support content creators via a site, Bitbacker, which mimics the basic functions of Patreon (without taking the very large % cut that site took. Both videos are by Naomi Brockwell who does a great job explaining the world of the blockchain and crypto currencies to both newbies and experts. After that I’ll tell you why old media and advertising supported media are dying.
The entire mainstream media business model for news (and a fair amount of other content) is collapsing. The viability of advertising supported content is being destroy and won’t come back. Efforts to migrate into the digital world the old business model that moved from print, magazines, radio and eventually TV across the last century will fail. Essentially the old media businesses were based on scarce and limited supply: there was a constrained amount of space for adverts in each newspaper. The prime TV shows ran once a week. Limited supply, growing demand, rich TV talent and executives.
The digital world has unlimited space for advertisements, so much so they’ve gone crazy rendering many mainstream sites unusable without ad blocking.
The limited commodity today is your attention. Every moment you spend reading my blog or watching my videos is a loss for old media. My overheads are low, my time, a few hundred dollars a year in hosting and other subscriptions. And for those of you reading my blog, you’ve probably found me a more reliable source of information than many main stream sources. If you’ve chosen to thank me with a kind word or a value for value contribution, I’m extremely grateful.
I know my content is always going to be beyond the edges of acceptability for those captured by the cultural marxist mindset, a message of personal freedom, superiority of Western Civilisation and Judeo-Christian values puts me at risk of deplatforming. My content certainly isn’t eligible for YouTube monetisation any more.
That’s why I’m so interested in Bitcoin, crypto currencies and the blockchain. They represent something that is very hard to stop. They can limit options for conversion to fiat currency, but it’s hard to block these so completely as there are many paths. I’m not advocating Bitcoin as some kind of “investment” but right now it is easily feasible to buy $100 of it, pass 10 contributions of $10 out to creators and each creator will get something like 95% of the value rather than somewhere around 80%.
If anyone wants any specific help with the concepts here, please contact me, DM’s on twitter are good and you can find an email link in the sidebar to the right.
Good luck and may the rates be forever in your favour!
If you derive value from my work, please consider donating some value my way. You can find all the details on the donation page.