I was listening to Adam Curry criticize the Fountain guys for turning the boostagram function into their comments section on his latest podcasting 2.0 ep. He said something like “nobody has fully embraced value for value yet.”
Here is my question - why would anyone send a podcaster 100% of the subjective value that they received in listening to an episode? By definition, when I spend sats, I’m only doing it if I think Im getting a bargain. For example, I may subjectively value “The Bitcoin Standard” at millions of dollars, but I would never spend that amount on a book. I see the $20 investment as something that will produce a multiple of return. In addition, the set price for the book makes the decision much easier, as opposed to the mental gymnastics of trying to decide what the appropriate amount is to pay in a “send us whatever you think” arrangement.
All this makes me wonder if Curry misunderstands the importance of prices and if value for value (as he defines it), is sort of a flawed concept.