Passive Income from Bitcoin Social Media
323 sats \ 5 comments \ @tomlaies 18 Sep 2022 bitcoin
Hey there, I just noticed how a few of my older Stacker News still get sats every now and then. Also on satsoverflow (on whichs future I'm unsure but that's besides the point) some people still pay to reveal my old answers.
This reminds me of Youtubers that still earn from their years of back catalogue. Or individual Reddit posts or Stackoverflow posts that I open every now and then at work for years.
Even in an utopian future this will probably never be enough to live of. But it is so cool that the circular economy is already running!
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240 sats \ 0 replies \ @TheBTCManual 18 Sep 2022
That's also what I think will happen with blog articles with things like Alby, if you have created a solid piece of content that ranks highly you will be able to get sats fro it for a while to come until someone creates something better and updates it with new information
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220 sats \ 0 replies \ @tomlaies OP 18 Sep 2022
I know we already talked about how spending time on social media is also "creating value" or a spectrum between leisure and serious work and should thus be rewarded.
But the concept that my social media activity also leaves a legacy which continues to create very small amounts of value and thus gets compensated a little is a new thought for me.
Imagine if humanity already figured this out in antiquity and the library of Alexandia continued to efficiently allocate capital to this day. Okay, this was a weird thought - but imagine your grandchildren researching through the depths of the generations of internet data and spending and receiving capital with the most insane machine that humanity ever built (a Bitcoin powered internet).
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181 sats \ 1 reply \ @Coinosphere 18 Sep 2022
It's hard for me to imagine a future economy, after robots took all our jerbs, where the majority of humanity did not earn income this way.
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161 sats \ 0 replies \ @tomlaies OP 18 Sep 2022
Let me give you a hint: In the victorian era everyone worked 16h/day and even children were in coal mines. And after that people were afraid electrification and machinery would create 40% joblessness.
Robotics makes the world more productive. More production means more wealth. The wealth only is worth something if people have means to create demand for the supply. It happened before, it will happen again.
Pessimists sound smart, optimist make money.
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48 sats \ 0 replies \ @k00b 18 Sep 2022
This hadn't occurred to me before but it makes a ton of sense.
It reminds me of how back catalogs in music (old music) regularly outperform new music. Michael Jackson's estate has earned billions from having purchased The Beatles back catalog at one point.
A great book on creating this kind of timeless work is Perennial Seller by Ryan Holiday. It's where I learned about the music back catalog thing, but it has a number of other insights about building work that lasts.
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