--Welcome to Social Media and the Blockchain. I am your host, Jennifer Navarrete and this episode is the twenty-fourth in a 30 part series.
The goal of this show is to demystify the blockchain as a content creation destination, simplify the onboarding process, and encourage you to learn more about Web 3.0.
Before we begin, I want to remind you that this podcast is for educational purposes only and is not financial or investment advice. I am sharing my own experience and level of understanding. Please do your own due diligence. Now let’s get started.
In this series, we are digging into podcasting on the blockchain and what that means to both podcasters and podcast listeners. This is the first of two episodes on Podcasting 2.0 and the Value4Value model
How does Podcasting 2.0 differ from Podcasting 1.0? That’s a real good question. I mentioned at the end of the last episode that Adam, Dave, and a whole host of developers were working to expand the functionality of RSS feeds…to enhance RSS to be more. More what?
• More feature-rich
• More communication between podcasters and listeners
• More opportunities for listeners to reward podcasters for the value they provide
Wait…reward…value...
What exactly does that mean? Does that mean a way for podcasters to monetize their podcast?
Yep! That’s exactly what that means.
But how?
Before I answer that, a little bit of background is required:
Many years ago Adam Curry (you remember him, right? He co-invented podcasting) developed the Value4Value model with his No Agenda co-host John C. Dvorak. They came up with the idea that instead of running ads or having show sponsors they would turn to their listeners to fund the show based on the value those listeners received from the show.
So if listeners of the No Agenda show received value, they would give value back to the show and thereby Adam and John in the form of “time, talent, or treasure” What kind of value? Well, that was up to each listener to decide. Oh, and by the way, these listeners who were funding the show weren’t listeners. They were producers.
This simple concept has kept the No Agenda show going strong (and funded) for 14 years. Amazing, right? Well, this Value4Value model isn’t just for Adam and John. It’s a model for everyone.
So what does the Value4Value model have to do with RSS and the blockchain?
Well for podcasters who have added the Value4Value block to their RSS feed, it means that they can receive cryptocurrency from listeners.
What kind of cryptocurrency? Satoshi’s are more commonly called SATS.
What is a Satoshi? You know what Bitcoin is right? Well, a Satoshi is a fractional share of a single Bitcoin.
How much of a fractional share? It takes 100 Million Satoshi to equal 1 Bitcoin. So yeah, one Satoshi is a VERY SMALL fraction of a Bitcoin. BUT even one single Satoshi has value.
Thank you for joining me for another episode of Social Media and the Blockchain. In the next episode, we’ll continue digging into Value4Value, Streaming SATS, and try not to get lost in the weeds.
epodcaster
▶️ Aureal
streaming SATs is now live on Aureal too. 🍃
Oh really? I didn't see Areal listed on the New Podcast Apps page: https://podcastindex.org/apps
Is this on the mobile app only or is there a setting on desktop?
We've integrated stream SATs on Aureal with help of @BrianofLondon, we're developing the UI for the same and adding it to all the interfaces, and yes we have to add ourself to podcastIndex app list, we seem to have missed it.
Ah, got it! I'm glad @brianoflondon is working with Aureal to add in Podcasting 2.0 features.
