I used to think that V4V with Lightning was obvious, but kinda surprised that most of internet runs on Ads, so I've been talking to various people about it and tried to write down the summary:
https://bitcoinpolis.gitlab.io/posts/2023/10/20/v4v-ads.html
What do you guys think?
Any other advantages or reasons why Ads monetization model is so successful?
Any interesting projects tackling this space?
Like the question. My 2 sats are:
Great points.
Regards personal AI. I think Ads still provide exploration, ie. discovering things you didn't know about otherswise. (the original reason for ads)
Great points. I also see sats as payment on the internet. A few sats to read an article, listen to a song, watch a video, etc.
No, and I doubt it ever will, I think v4v has its place but it will remain a fringe way of monetisation
Great points!
Pretty good observations on why Ads are used so many. This one I didn’t realize:
6/ Smooths out inequality: different consumers pays different price for the same content and nobody complains. Ie. wealthier people who buy more stuff through ads are subsidizin the people who don’t buy as much.
No. It's one business model among many possible. What is reasonable to expect is that an internet that has usable money integrated deeply into it will make non-ad-models 10x more feasible, and therefore there should be waaaay more ad-free, semi-pro content.
Maybe a hybrid model could be effective until we can get people switched over to lightning. Include ads and a lightning option to offer more content (or merch).
This is possible and is already happening as most platform go into V4V models
No, I don't think V4V will replace ads.
Why not?
Most of the people don't want to pay for the stuff.
With v4v they don't have to
Alternative take FTR I think ads come in all shapes, sizes and formats. I suspect in the future ads and their presence will be so pervasive that each of us could just become a walking advertisement. It will be one of the last touches after nature. Right now value4value instead of ads does work for popular podcasts, make no mistake about that.
I hope V4V fixes ads and streaming.
I am not sure where this complaint is directed:
I usually avoid legacy media, but I wanted to watch a mainstream programme here in New Zealand as it was covering some Bitcoin mining topics. It was frustrating dealing with ads, having to sign up for the 'On demand' service and in the end I could not even take screenshots without disabling Hardware Acceleration.
In short no. But that's OK. I wrote about the origins of V4V while back. Lightning makes V4V easier and people are tired of ads so I do think we will see a reduction in ad supported things but it will never go away. Also there are some things that dont work with the ad model and others with V4V.
Broken link? @kepford
Yes, here is the link.
#260178
V4V might work but I get the feeling it will be the top 1% dominating like usual.
Aggressive advertising can be annoying. More passive advertising like simply putting your info out there for consumers to find seems reasonable
No.
https://imgprxy.stacker.news/CiqeU5rB-LmVOf-De13exmCedvDBjIACmyW9galhyGQ/rs:fit:2560:1440/aHR0cHM6Ly9pbWFnZS5ub3N0ci5idWlsZC9hM2IwM2Y2MzRhNmYyNGZhMjU1MDE2ZGZmM2UwOTE5NjhmY2QyNjVkY2I4OGNhNmNiZTVkOTUzMTFkMjk0YzdlLmpwZw
Another flashbang link... great.
I don’t think it’ll replace ads, but I do think there will be a mix of ads and V4V.
I’m currently building a product where users can trade an pseudonymous ID that replaces cookies in exchange for a share of ad spend used to show them ads. My hope is, the ID will incentivize large ad buyers to actually pay consumers for access to it. As users earn money, they will then be able to seamlessly spend it with publishers who create quality content.
Very cool. Can you share link to what you are building?
Sure- it's called UPAID (pronounced you paid) and it's an acronym for User Provided Advertising ID.
https://upaid.website/
Would love to hear your thoughts.
I would like to have the option. As much as I totally hate the ads on my favorite podcasts, someone has to make money. I'd pay 5000 sats / episode for Breedlove's or McCormack's show in order to get rid of the f.cking ads (wasabi wallet etc.). Love what Odell is doing.
What is Odell doing?
No ads, only v4v podcast.