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9th Beyond The Price
CoinPost Global’s 9th “GM Radio: Beyond The Price”, published on November 10th, features Nick Malster, co-founder of the Web3 podcast app “Fountain” developer.
This distribution is a reconstruction of GM Radio, which was distributed in April of this year on the Twitter (currently X) space, as Beyond The Price.
Fountain is a reward-based podcast app. Listeners and podcasters can earn Bitcoin (BTC) as rewards by providing value to other users.
Specifically, listeners can earn rewards by listening to podcast content and referring users. On the other hand, broadcasters can receive remittances, such as tips, from listeners.
Fountain utilizes the Lightning Network, and Bitcoin is exchanged in satoshi units (1 satoshi = 0.00000001 BTC).
connection: What is the “Lightning Network” that even beginners can understand? | Explaining the characteristics and mechanism
Podcast content
The title of this distribution is “Listen to podcasts and get paid.” You can listen to Malster’s podcast (in English) below, but here we will introduce the main points of the broadcast.
First of all, Malster said that the reason why they chose Bitcoin for Fountain was because they considered Bitcoin’s characteristics and lifespan. He said that while he could have built Fountain on other cryptocurrencies’ blockchains, his team thought that using cryptocurrencies other than Bitcoin could kill the project in the long run. ing.
connection: “Bitcoin is the longest-lived blockchain” VC partner says — “Beyond The Price” 2nd broadcast content
He also explained that in addition to being able to run Fountain over the long term, Bitcoin provides everything the project needs. It’s also important to consider whether Bitcoin or other stocks will actually provide value for the product or service you’re building.
Mr. Malster claims that he believes that adopting Bitcoin will increase the chances of the project’s success. He also explains that over the past two years, development using Bitcoin has gradually become easier thanks to service providers such as Voltage.
connection: “All the value of Web3 will be concentrated in Bitcoin,” says Graham Krizek, CEO of infrastructure company Voltage.
Fountain benefits
Regarding the benefits of using Fountain, Malster said that the Lightning Network can do things that cannot be done with fiat currency alone. Specifically, he claims that Fountain solves a variety of issues, including fees and speed.
He also pointed out that one of the benefits of Bitcoin used in Fountain is that it is programmable money. For example, Fountain allows users to send small amounts of Bitcoin to podcasters every minute while they listen to a podcast.
Malster said listeners can also earn Bitcoin per second by listening to advertising and promotional content.
He explained that Fountain’s benefits include lowering fees, speeding up transaction processing, and enabling small payments.
What is Value for Value?
Listeners can get paid for listening to podcasts, including ads, but Fountain’s emphasis is on a model called “value for value.”
Value for Value refers to a system in which, for example, if a listener feels that they have gained value by listening to a broadcast, they can return the value to the broadcaster in Bitcoin. Fountain’s team distinguishes between this mechanism and a model that makes money through advertising.
Malster explained that Fountain’s team doesn’t think advertising, the dominant monetization model, is going away anytime soon. Complementing the advertising model, he said, is Value for Value.
And Value for Value claims to be a model in which listeners and creators can reclaim their freedom.
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— CoinPost (virtual currency media) (@coin_post) November 15, 2023
The post “Bitcoin accomplishes things that fiat currencies cannot do,” says Malster of the podcast app “Fountain” appeared first on Our Bitcoin News.
English (US) ·