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138 sats \ 6 replies \ @denlillaapan 28 Jul \ on: Why Writers Should Embrace Bitcoin BooksAndArticles
If you’re an established writer, your compensation for articles and copy is embarrassingly low, and the field is only getting more competitive.
Not because there's anything broken in those industries, it's just like with music (#796401): supply/ability to create is MUUUCH bigger and wider than demand to consume -- so price gotta drop to zero-ish
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12 sats \ 1 reply \ @siggy47 OP 28 Jul
I guess you're right. Sad but true. I always think of the musicians I love whenever I see what they get paid by Spotify.
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36 sats \ 0 replies \ @denlillaapan 23h
All 7 cents of their royalty payments!!
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33 sats \ 2 replies \ @TotallyHumanWriter 22h
I'd argue that it isn't just supply and demand principles (but that does play into it).
Publishing accross all arts is free but not open. The rules of the game are set by big tech - Google, Microsoft, Meta, Amazon. These companies don't give a fuck about equitable distribution; they only care about profit, and driving more demand.
Their algorithms lead to a huge concentration of sales from the top 1% of creators.
Basically, fiat incentives make writers and other chase the wrong goals.
Nostr, SN, Lightning, and V4V fixes this.
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0 sats \ 1 reply \ @denlillaapan 22h
Nostr, SN, Lightning, and V4V fixes this.
No, I don't think so. It means you can monetize you V4V a little, but because of the S&D effects, the equilibrium value remains incredibly low so you won't earn much.
The era of decent compensation for art or writing or music is over; technologically outcompeted, like so much else
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0 sats \ 0 replies \ @TotallyHumanWriter 2h
I agree V4V (tipping) does not provide enough to compensate genuine art. It acts as an extra bonus. Still Lightning makes global micropayments possible, which is a leap forward.
I also seen something very cool on Nostr which could change things (secret project). I've read the thesis on it, and considered it a lot.
Of course it will not be an overnight change, and parallel systems will exist (much like btc and fiat)
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175 sats \ 0 replies \ @Scoresby 23h
Perhaps writers should start paying to get their content in front of people.
Looking at the professional writers online (using writer broadly here, not only referring to journalists and authors of books), it seems that the compensation from their writing is not as valuable as the audience they build.
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