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487 sats \ 2 replies \ @kepford 10h \ on: Has v4v failed ? bitcoin
No. Its just early for bitcoin and content creators online and there are many cultural and economic shifts that need to happen to make it work at scale. It does work for some people today.
@k00b pointed this out that its a rebrand of other models. Its as old as time really.
One could say bitcoin has failed because it isn't being used as a widely accepted medium of exchange. Or it is a failure because its not being used as a store of value by the masses. The reality is that change doesn't happen over night.
Bitcoiners need to lower their time preference and get out of fiat thinking which is all about speed at all costs.
I wrote a bit about the origins of "value for value" on SN.
The Origins of Value 4 Value as Far as I Can Tell
even outside of bitcoin, v4v is kind of an aside though, like YouTubers for example will combine it with ad revenue. a few make it work well, like coffeezila, i feel like they are the exception.
even in the old days, a patron was just the old rich guy who paid for an artist to create, basically
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For sure. That's the cultural shift I am referring to. The fiat influence is strong. People don't want to pay for content they'd rather spend their attention than share value for value. It model hasn't failed but online (which is still new and evolving) we need a cultural shift.
That said, as I said it does work for some people. No Agenda is great example. Most content creators do NOT do what they do. Most prioritize the ad model.
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