00:00 James
Welcome to Podland the
00:00
last word in podcasting news.
00:03
It's the 10th of February, 2022.
00:05
I am James Cridland, the
00:05
editor of pod news.net.
00:08 Sam
And I'm Sam Sethi, the
00:08
MD of river radio, the podcast
00:11
first radio station going live
00:11
on dab James on the 1st of
00:15 Gigi
Hi, my name is Gigi,
00:15
and I'm here to talk you about
00:18
Bitcoin lightning podcasting
00:18
2.0 and value for us.
00:22 Oscar
Hi, I'm Oscar married
00:22
from fountain dot FN.
00:25
And later I'll be on talking
00:25
about our new podcast, the
00:28
wallet feature, which allows
00:28
any podcast to get setup
00:31
on the Bitcoin lightning
00:31
network in just a few clicks.
00:34 Stewart
Hi, I'm sure
00:34
it towns in CMO and
00:36
co-founder of podcast org.
00:38
I'll be on later on to talk
00:38
about how we can help you
00:40
automate your process of
00:40
getting booked from podcasts.
00:43 Evo
And I am Evo Terra.
00:44
I'll be on later to talk about
00:44
my hall of fame induction.
00:48 James
They will Podland is
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sponsored by Buzzsprout podcast.
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Buzzsprout supports those two.
01:01 Sam
Now over Christmas,
01:01
James, I decided to read
01:04
about web three, get my head
01:04
around Bitcoin and SATs.
01:07
And on Twitter, there
01:07
was a handle called DGG.
01:12
He was writing some really
01:12
interesting stuff about booster
01:15
grams and adding that to the
01:15
timeline of a podcast player.
01:19
He showed a graphic mock-up and
01:19
he's written a book called 21
01:23
lessons that I learned falling
01:23
down the Bitcoin rabbit hole.
01:25
So I bought the book and
01:25
it was really interesting.
01:28
It was a backgrounder into how
01:28
Bitcoin is now changing the
01:31
way that we use money online.
01:34
In fact he called it.
01:35
Bitcoin is the native
01:35
currency of the internet.
01:37
he went on to say, not only
01:37
is our fit money broken, but
01:40
the monetization model of
01:40
the internet is broken to the
01:44
advertising base platforms.
01:46
Day and age optimize for
01:46
engagement by division and
01:49
polarization using dark patterns
01:49
and addiction by design.
01:53
It won't be easy to break
01:53
out for the compulsion loops
01:55
that are set up for us.
01:57
But thanks to the self-sovereign
01:57
tech stack that is currently
02:00
emerging, there is a
02:00
viable, alternative, the
02:02
value for value model.
02:04
So all of that together,
02:04
his conversation about that,
02:07
his book and his thoughts
02:07
on the attention economy.
02:10
I thought I'd reach
02:10
out to him and we got
02:13
an interview with him.
02:17
He wrote a wonderful essay
02:17
about the attention economy
02:21
and micro-payment XXII.
02:24
I'm doing very well.
02:25
Thanks a lot for having me.
02:26
Now you wrote this blog post
02:26
called the freedom of value.
02:30
attention, no pun intended.
02:34
And it was about the attention
02:34
economy and micropayments.
02:38
What made you write.
02:40
Well, the things actually.
02:41
So I think we can all agree that
02:41
the internet could be better.
02:45
I don't want to say that
02:45
the internet is broken,
02:47
but some parts of the
02:47
internet are broken.
02:49
And I think a lot of it
02:49
has to do with the way
02:52
that payments work online.
02:56
Lay out why we are at
02:56
the current iteration
02:59
of the internet, how we
02:59
pay for things online.
03:01
And I also describe the
03:01
problem of selling information
03:04
in the first place.
03:05
So trying to sell a good, that
03:05
is non scars, like trying to
03:10
sell it an image that you can
03:10
just copy and paste online
03:13
is a very tricky problem.
03:15
And so I think we have to
03:15
think about these things
03:18
differently a little bit.
03:19
This is what this essay is.
03:23
Explain that to me first,
03:23
basically everyone got used to
03:27
the current situation that we
03:27
find ourselves in neighborly.
03:30
That's, everything is free
03:30
online, and you can just read
03:32
and consume stuff without
03:32
paying for it directly.
03:37
With it for other meats and you
03:37
pay by either being the product
03:40
yourself, or by being forced to
03:40
watch a lot of advertisements.
03:45
And of course, like everyone
03:45
knows that data is the new oil
03:50
and we are all being harvested
03:50
by Google and Facebook and
03:53
Amazon and the rest of it.
03:55
And so the name of the
03:55
game is just getting.
03:58
The most few time and the
03:58
most eyeballs possible.
04:02
And we all know these
04:04
I think one great counter
04:04
movement to that is
04:07
long form podcasting.
04:08
So I'm very happy that this is
04:08
happening, but it's sometimes
04:11
suffering a bit from the
04:11
similar problems that the
04:13
written content suffers from
04:13
that every week, everything
04:15
devolves into soundbites.
04:18
And you just try to
04:18
get the attention of as
04:21
many people as possible.
04:23
I use this as one of the
04:23
main examples to show where
04:26
this leads and how bad
04:26
the end result can get.
04:29
I use Tik TOK is one
04:29
of the cursed apps.
04:32
Like it really finds out what
04:32
you like, and then it feeds you.
04:38
It really like it uses AI
04:38
to figure out what you like.
04:40
And then if it fits you,
04:40
the shortest snippets, it
04:43
can, and it gets your really
04:43
addicted really quickly.
04:46
And that's also why
04:46
it's so successful.
04:47
And I think it all has to
04:47
do with how information
04:51
is monetized online.
04:53
And I'm interested in exploring
04:53
alternatives to that model.
04:57
The alternative model is
04:57
adding in micropayment.
05:02
Marc Andreessen Netscape
05:02
said when he created the
05:05
Netscape browser, one of
05:05
his biggest regrets was not
05:09
building in a micropayment
05:09
system at that point.
05:12
We're talking several
05:15
And mark Zuckerberg.
05:17
Try to build a micropayment
05:17
system called Libra, thankfully
05:21
that didn't succeed, but we
05:21
now have a new micropayment
05:25
system don't we it's
05:25
based around Bitcoin using
05:28
something called or Sam.
05:30
Can you tell me more about what
05:30
is this new micropayment system?
05:34
It's difficult to understand
05:34
because you have to
05:35
parse everything apart.
05:41
Like why do credit card work
05:41
and how do they work in?
05:43
And you have to understand
05:43
money first and foremost,
05:46
like what money is and what
05:46
its purpose is in society.
05:50
And the difference between.
05:52
Money and the currency and
05:52
also the monetary base and
05:55
the payments like visa and
05:55
MasterCard for example,
05:57
are our payment rails.
05:59
And historically until 1971,
05:59
we were on a gold standard.
06:04
reality of money of the.
06:07
The world use basically,
06:07
and we were trading paper
06:10
certificates, and that was
06:10
a sort of payment system on
06:13
top of gold and very similar.
06:14
We now have like, the problem
06:14
with gold is, and with
06:17
traditional monies is that
06:17
they just don't work online.
06:21
Like you cannot send the
06:21
gold bar via an email.
06:23
It just doesn't work.
06:24
So everyone understands it.
06:25
And this is a very hard problem
06:25
and Bitcoin solved this problem.
06:28
And the problem with Bitcoin
06:28
is though that it is not very
06:32
suitable for high-frequency.
06:35
So what we currently have
06:35
with podcasting 2.0, and if
06:39
your listeners don't know what
06:39
podcasting to buy, I'd always
06:42
about, I recommend checking it
06:42
out and looking into the work
06:46
of Adam Curry in particular, he
06:46
understood very early on that.
06:50
Now we have a way to send value.
06:53
Online in a micropayment
06:53
fashion so that you can do it
06:56
in a very fine-grained way.
06:58
Every minute you listen to
06:58
a podcast, you can choose
07:00
to stream Satoshis to stream
07:00
small fractions of a Bitcoin
07:04
to the podcast hosts.
07:05
configured basically.
07:07
And so what we have now is
07:07
we have a new kind of money
07:10
that works exclusively.
07:13
In the information space.
07:14
So it's not a physical thing.
07:17
You know, like you can't touch
07:17
it, you can't call it in your
07:19
house, but it is money that
07:19
has all the characteristics
07:22
of good money, just like gold.
07:23
It's very much what gold used
07:23
to be in the physical space.
07:26
Bitcoin is in the information
07:26
space and with the lightning
07:29
network, which is basically
07:29
a payment solution, very
07:32
similar to Venmo and PayPal
07:32
and visa and MasterCard.
07:36
solutions on top of the
07:39
existing monetary system.
07:41
And for Bitcoin, the payment
07:41
solution that is currently
07:44
being used at that works
07:44
since Kayla's really well
07:46
is delighting network.
07:47
And so when podcasting 2.0, does
07:47
it combines all these things?
07:50
It realizes that selling
07:50
information, selling
07:53
something to this non scars
07:53
is an impossible problem.
07:58
Turned a problem on the 10th.
07:59
It's like, here's my podcast.
08:00
Here's my blog post here
08:00
is what I have to offer.
08:04
you'll get value back.
08:06
This is the core of the
08:06
value for value model.
08:09
So if you enjoy the content,
08:09
you can set up your absence.
08:13
It's like, you don't have
08:13
to even think about it.
08:15
You can set it up that I
08:15
really enjoy this podcast.
08:17
Every time I listen to
08:17
it, I stream Satoshi's.
08:20
I give Bitcoin back
08:20
to the people that,
08:23
that make it happen.
08:24
And so it solves a couple of.
08:27
Problems that we currently have
08:27
online payroll is stonework.
08:33
We see this all the time
08:33
with pirated movies and
08:35
those kinds of things.
08:35
If the movie is really good,
08:35
it's really easy to download it.
08:38
If an article is really good,
08:38
someone will take a screenshot
08:40
and we'll circulate it on social
08:40
media, send it around in that
08:43
central center or grab it in
08:43
some other ways someone pays
08:46
the paywall and then you copy
08:46
and paste the whole thing.
08:49
The article is free.
08:50
So the main thesis that I also
08:50
lay out in the article is since
08:53
information wants to be free
08:53
and information can always
08:55
be copied at zero marginal.
08:57
build a cage around it.
09:00
Don't try to sell information.
09:01
Like it was an apple, don't
09:01
try to sell information.
09:04
Like it was a digital good.
09:05
about it differently.
09:07
And this is where the value
09:07
for value model comes in.
09:10
All of it is very new and we
09:10
still have as a podcasting
09:13
community, for example,
09:13
that's a society in general,
09:16
figuring out what works.
09:18
And as you can probably tell
09:18
I'm terribly excited about
09:21
this because it already works.
09:22
And some people that already
09:22
can live off of this model and
09:26
it works for everyone because
09:26
it's an open protocol, just
09:29
like RSS, just like podcasting.
09:32
Everyone can just create
09:34
And it's a beautiful
09:36
And they're really.
09:37
That we can turn this ship
09:37
around, like Aaron turn, it
09:42
turned the internet on its head,
09:42
so to speak and offer more value
09:45
to those that produce content
09:45
to those that enjoy good high
09:48
quality content and the cut out
09:48
the middleman, which are the,
09:52
the platforms of the advertisers
09:52
and so on because with those
09:56
kinds of models, There are
09:56
all kinds of problems that
09:59
immediately enter the picture.
10:00
You run into a censorship issue.
10:03
If someone has a way to
10:03
close down your accounts
10:07
already platform you on
10:07
a long enough time scale.
10:10
This will usually happen.
10:12
Joe Rogan is seeing that
10:12
this weekend was Spotify,
10:14
but so going back to it,
10:14
as you said, let's focus
10:18
back now on podcasting and.
10:20
At value for value.
10:21
We've turned these in podcasting
10:21
boosts to grams and what they
10:26
are from my understanding
10:26
is the ability to be able to
10:29
leave a comment along with a
10:29
micro payment to the creator.
10:33
So the listener can feed
10:33
back on what they think
10:36
of the podcast, but also.
10:38
micro reward as well.
10:40
One thing I noted was that
10:40
you did a really interesting
10:44
mock-up on Twitter.
10:46
You showed her a podcast
10:46
player with boost to
10:49
grams along the timeline.
10:50
Tell me more about that.
10:52
So the main idea is
10:56
Since this gram, because the
10:56
payment is attached to it.
11:00
And just maybe since this is
11:00
so new, I assume most people
11:03
are not familiar with this.
11:04
So they, the idea is that
11:04
you have two ways to give
11:07
back in value for value.
11:08
First and foremost, the things
11:08
that we already discussed,
11:11
that you can set up your
11:11
podcast completely voluntary.
11:14
So like you can listen to
11:14
the podcast without giving
11:16
back as well, but let's say
11:16
you have a little bit of
11:19
money in your podcasting
11:19
app, and then you can do.
11:22
That's like a fraction of the
11:22
pennies is stream every minute.
11:25
And this is just like a
11:25
baseline that you give back.
11:30
And if you really like
11:30
something, those new apps,
11:32
they have what are called
11:32
boost buttons or where you
11:34
can send a boost and you can
11:34
think of it as clapping and
11:37
throwing a couple more coins
11:37
into the hats and the article.
11:41
Busking analogy like
11:41
a street performer.
11:43
something, you just
11:45
throw something in extra.
11:47
And what's so interesting
11:47
about the boosts is, and also
11:50
about the street payments.
11:52
This is a real signal, as
11:52
everyone knows in the podcasting
11:54
world, like all the measurements
11:54
that are being used to pitch
11:58
to advertisers, for example,
11:58
it's like, I have so many
12:00
downloads and I have this
12:00
and that, then those kinds
12:02
of metrics, sentiment, a lot
12:02
of it is nonsense because if.
12:05
Pop catching apps that
12:05
just download all the
12:07
feeds all the time.
12:09
Exactly flames over.
12:10
So it's nonsensical to use
12:10
these kinds of metrics.
12:12
And we have the same issues
12:12
online that there are some
12:15
people like myself that block
12:15
out all the tracking and
12:18
block out all those things.
12:19
And so we don't even show up
12:19
and all these metrics can be
12:23
gained of course, as well.
12:24
If someone decides to
12:24
give you money, it's
12:27
a very strong signal.
12:28
Like it's really a pristine
12:28
high quality signal that
12:31
these are real users.
12:32
These are not bots because
12:32
I bought the army will
12:35
not give you money.
12:36
That's not how it works.
12:36
And it was really engaging
12:36
and it, it provided
12:39
value to them and so on.
12:40
So it's a direct signal.
12:41
And that's what this idea of the
12:41
visualization came from as well.
12:44
Where imagine if you have
12:44
your not only visualization
12:48
and some people might.
12:50
YouTube, for example, where
12:50
you can see what parts of
12:52
the video are being watched.
12:53
And so it's the same idea
12:53
basically, but it's not the
12:56
eyeballs that you track,
12:56
but it's the, the true value
12:59
flows that you track when.
13:01
Press the boost button and
13:01
how much should he gave
13:04
and those kinds of things.
13:05
And the interesting thing
13:05
about Bitcoin and the
13:07
lightning network is that
13:07
there is no middleman.
13:09
It's a censorship resistant
13:09
payment mechanism and you have
13:13
the technical possibility to
13:13
add a small short text message.
13:18
And so this is being used slash
13:18
abused through built a feedback
13:23
mechanism for the value enabled
13:23
podcasts, where you can send
13:25
a short piece of grandma's
13:25
short message to the podcaster.
13:28
And this is something that we
13:28
explored as well with the things
13:32
that we are working on at the
13:32
tools that we are building.
13:34
What fun ideas can you think of?
13:36
What can you add to this message
13:36
and how will people use this?
13:39
And all of this is currently
13:39
being explored by the
13:41
people at the forefront.
13:42
So one of the things.
13:45
I noticed before Jack Dorsey
13:45
left Twitter was that in
13:49
the Twitter client, he's
13:49
enabled a micropayment
13:53
system using Bitcoin and sat.
13:55
So if you go to the podcast,
13:55
index.org, Twitter account,
13:59
you'll see a currency icon.
14:01
When you click on it, it
14:01
allows you to pay Dave
14:04
Jones and Adam Curry.
14:07
Satoshi is for their
14:07
tweets, which is great.
14:10
Now it isn't common
14:10
knowledge and most people
14:12
aren't using it yet.
14:14
Um, one of the biggest problems
14:14
that most of the podcast
14:17
apps have like fountain and
14:17
the cast offsets you can't
14:21
easily set up a wallet.
14:22
So what I'm trying to
14:22
say is it feels like
14:25
there's stuff going on.
14:26
So the value for value, this
14:26
stuff that's going on with
14:28
boost to grams, the lightning
14:28
network, the stuff on Twitter.
14:32
But I think one of our biggest
14:32
problems as an industry is
14:35
that it's still complex.
14:37
It's still which one it should.
14:39
How do I set up a wallet?
14:41
Where do I put my fear currency?
14:45
How much should I pay?
14:47
Where are you in your head
14:47
with how we address those?
14:51
That's a good question.
14:52
And you're definitely right.
14:53
That it's a little bit confusing
14:53
in the beginning and it's
14:58
very much, do you know those
14:58
like news clips from the early
15:01
nineties when no one knew what
15:01
the internet was and what is.
15:07
And so that's where we're
15:07
at currently with Bitcoin.
15:09
No one really understands it
15:09
and it's still a bit clunky
15:12
and weird to use, but I can
15:12
encourage everyone to just give
15:15
it a try because there are some
15:15
wallets that are super user
15:18
friendly already, like wallet of
15:18
Satoshi, for example, this is a
15:21
one that's super easy to set up.
15:23
Breeze is another one
15:23
that I really liked.
15:24
I view Bitcoin as the native
15:24
currency of the internet.
15:28
And if you want to do something.
15:29
Online in the future, you will
15:29
have to have this currency.
15:32
mostly living online.
15:35
So Bitcoin is my, do you think
15:35
the timeline will be before this
15:40
complexity becomes simplistic?
15:42
Because my favorite
15:42
expression is complexity
15:44
is failed simplicity.
15:46
And where we are right now is
15:46
we're in the complexity people.
15:51
Most people would struggle
15:51
if they had to understand.
15:55
How to set up a wallet and
15:55
how to buy SATs and how
15:58
to then make the payment.
16:00
So in certainly the invoice
16:00
thing is certainly confusing.
16:04
How do you think we're
16:04
going to make this a much
16:06
simpler, easier to understand.
16:10
I think we are very close.
16:11
I think we're almost there in
16:11
the podcasting to Pardot apps.
16:14
For example, you will
16:14
never see an invoice.
16:16
Everything is abstract
16:16
that you press the boost
16:18
button and it just made a
16:18
payment without a middleman,
16:20
which flies across borders.
16:21
free, basically instant.
16:24
And, um, for me as a.
16:27
The regular feared world is
16:27
where the complexity lies.
16:30
I can recommend the book that I
16:30
wrote to get a broad overview,
16:35
which is called 21 lessons
16:35
it's available online for free.
16:38
So you can just read it
16:38
without buying the catheter.
16:42
And I run everything that I
16:42
do on a value for value basis.
16:45
All the things that I do
16:45
are free available online.
16:49
And of course, like for
16:49
physical books, you can't copy
16:52
and paste physical books yet.
16:55
So you have to sell them
16:55
in the old fashioned way,
16:58
but everything else I
16:58
give away for free online.
17:01
And if you like it, it's
17:01
very easy to give back.
17:03
If you happen to have a couple
17:03
of subtleties to your name,
17:06
if you have a little bit of.
17:08
And in general in Bitcoin,
17:08
there are a couple of
17:11
great books already now.
17:12
So a couple of years ago
17:12
there were zero books on
17:15
Bitcoin, and now there's
17:15
like a good dozen or two.
17:18
And usually if you really want
17:18
to dig down into the question
17:21
of what is money and the history
17:21
of money, and why do we need
17:25
Bitcoin in the first place?
17:26
The Bitcoin standard
17:26
is often recommended.
17:28
There's also the Bose case for
17:28
Bitcoin, which is a great book.
17:31
If you want to look
17:31
again in the money side
17:34
and then the answering
17:34
the question, how this.
17:37
Play out in the next couple
17:37
of years and decades ahead in
17:39
terms of the lightening and
17:39
payment side of things and the
17:42
podcasting 2.0 side of things.
17:46
Basically there's one
17:46
single lightning book,
17:48
which is very technical.
17:48
So it's mostly for programmers.
17:51
I think it's called
17:51
mastering the lightning net.
17:53
You can also read this online
17:53
for free, like it's on good hub.
17:56
If you don't know what GitHub
17:56
is, this book is not for you.
17:59
And so what I would recommend
17:59
if you're interested in
18:02
podcasting 2.0 is look into
18:02
the work of Adam Curry.
18:05
Like he is championing
18:05
a lot of that stuff and
18:08
just play around with it.
18:09
Some great new value
18:09
enabled podcasting apps.
18:12
You can see a list.
18:13
You podcasting apps.com and
18:13
also on the podcast index,
18:17
you can see all the different
18:17
kinds of podcasts that are
18:20
a value enabled them to use
18:20
their value for value model.
18:23
And there are you don't like
18:23
it started out very humbly.
18:26
They were telling us like five
18:26
podcasts that use this stuff.
18:29
And now it's in the a hundred.
18:31
Maybe in a thousand plus,
18:31
and that's what just
18:33
play around with it.
18:34
Again, it might be intimidating
18:34
at first, but don't be afraid
18:38
to buy like $5 worth of
18:38
Bitcoin and play around with
18:41
some new podcasting apps.
18:45
I am Gigi on Twitter and also
18:45
there gg.com is where all my
18:48
long form writing is I helped
18:48
to start a podcast as well
18:53
called closing the loop where
18:53
we discuss a lot of the things
18:56
that we discussed today.
18:58
And also the last episode
18:58
where I was on talked a lot
19:01
about the value for value
19:01
model might be an interesting
19:04
followup to this current.
19:08
If you're interested in
19:08
Bitcoin 21 lessons.com, if you
19:11
want to get a broad overview
19:11
of what this all is about
19:14
and where it might lead.
19:15
And that's basically it's thanks
19:15
a lot for having me there.
19:18 James
GG, and a really
19:18
interesting, and I hear
19:21
you talking about the cash
19:21
app, not working yet and
19:24
found him being really hard.
19:26
and there's been used
19:26
on that hasn't though.
19:29
this week, Jack Dorsey who owns
19:29
cash out formerly of Twitter has
19:34
now announced that the lightning
19:34
network integrates with
19:37
Twitter and via the cash app.
19:38
Of course, I tried it now.
19:40
Anyone who wants to try this
19:40
can, if you go on your mobile
19:44
app to the podcast index
19:44
Twitter account, you'll see a
19:48
little dollar icon at the top.
19:50
And when you click on it, it'll
19:50
bring up Bitcoin and Satoshi's
19:54
as mechanism of payment.
19:55
So instead of giving them a
19:55
retweet or a heart, you can
19:59
now actually give them cash
19:59
in the form of Satoshi's.
20:02
last week or the week before,
20:02
when I then clicked open my
20:05
wallet, nothing happened.
20:07
through to anything.
20:08
It just came up with a
20:08
screen saying custodial
20:11
or non-custodial wallet.
20:13
But this week now that the
20:13
cash apps on lightning, when
20:16
you click it, it opens up
20:16
your cash app and instantly
20:20
you can make a payment.
20:21 James
That's very smart.
20:22
That cash app is available
20:22
in the U S and the UK only.
20:25
so obviously I can't play
20:25
with it, but, it sounds
20:27
as if it's pretty cool.
20:28
I think you can send me an
20:28
D pod news, Bitcoin through
20:32
Twitter, there's a little,
20:32
button on our profiles,
20:35
but we can't use cash apps.
20:37
So it goes direct to
20:37
my umbrella instead.
20:39
which is, probably a fine thing.
20:40
In fact, I think the only thing
20:40
you can do for me, because I'm
20:43
in Australia is you can send me
20:43
Bitcoin, but You can't send me
20:46
SATs over the lightning network,
20:46
which is a bit of a shame.
20:49
interesting hearing that, that
20:49
has moved on a little bit.
20:53
and, and also interesting
20:56
people are using it.
20:56 Sam
a lot of people using,
20:56
but one person decided
20:59
to give a single Bitcoin,
20:59
a hundred million SATs
21:04
to Sydney muck, the people
21:04
behind the movie, human B.
21:07
that's a hell of a payment.
21:09 James
it is how much is the
21:09
Bitcoin worth these days?
21:11 Sam
I'm not sure what
21:11
40 odd thousand dollars.
21:16
It's find out how much is a bit
21:16
coin worth, It's worth $44,261.
21:25
So there was that exciting
21:25
news about cash app.
21:28
And you also said that fountain
21:28
app, it was all too complicated
21:31
and blah, blah, blah.
21:32
And there's been some
21:32
movement on that too.
21:36
friend of the show.
21:38
Only this week that his podcast
21:38
app fountain has launched they
21:42
full podcast or what it making
21:42
it the easiest way to own
21:45
Bitcoin from your podcast app.
21:47
All you have to do is search
21:47
for your podcast, claim it in
21:51
the app, and you can now monitor
21:51
how much you earn, see messages.
21:56
It's really simple.
21:56
So Oscar gave me a quick
21:56
demo and I caught up
22:00
with him to talk about.
22:01 Oscar
I'm here with Oscar,
22:01
Mary, the founder and CEO of
22:05
the wonderful fountain at Oscar.
22:07
You've got some big news to
22:07
tell us what's happening.
22:10
So we have announced and
22:10
just launched our found
22:14
thin podcost a wallet.
22:16
Now what this does is it
22:16
enables any podcasts out
22:22
there to start receiving
22:22
Bitcoin from their listen.
22:27
Through the value for
22:27
value model that adamant
22:31
And next is set up in just a
22:31
couple of clicks on fountain.
22:35
So what we've done is we've made
22:35
it really easy just to quickly
22:39
claim your podcasts on fountain.
22:41
We'll set you up with a Bitcoin
22:41
lightning wallet and we'll
22:45
update your what's called
22:45
value block in podcast index,
22:48
which means that just after
22:48
those two clicks within.
22:53
You'll be able to stop receiving
22:53
Bitcoin lightening payments
22:56
from your listeners from any
22:56
podcasting costing 2.0 enabled.
23:01
Now, does that mean once I'd
23:01
got Satoshis in my wallet?
23:06
Can I export them anywhere?
23:09
Withdrawal them to any
23:09
Bitcoin lightning wallet.
23:12
We've just seen cash app
23:12
in the U S announced that
23:16
they've rolled out lightning
23:16
to all of their users.
23:18
So you can explore to cash app
23:18
if you want, or any of your
23:21
other Bitcoin lightning wallets.
23:23
Now you've been testing
23:23
clearly with creative
23:26
spots, the feedback, the
23:26
feedback has been great.
23:28
I think one of the interesting
23:28
things that we've found
23:30
over the past six months,
23:30
one of the reasons that we
23:32
wanted to actually build.
23:35
Product for podcast says, is
23:35
that there's a lot of podcasts
23:39
out there that actually do
23:39
have the ability to receive
23:43
Bitcoin lightning payments.
23:45
And they're receiving the
23:45
payments, but they're not
23:47
necessarily receiving all
23:47
of the amazing data that
23:51
goes along with that.
23:52
And that's actually one
23:52
of the most exciting
23:55
things about this feature.
23:56
So within the fountain podcasts,
23:56
You will be able to see not
24:01
only the list of incoming
24:01
transactions, but you'll
24:04
be able to see a summary of
24:04
which users are supporting
24:09
you the most over time.
24:10
And this is not just
24:13
This is users supporting you
24:13
from any other port costing
24:16
to point out that you'll also
24:16
be able to see which episodes
24:19
have brought in the most.
24:21
And this is a great
24:21
feedback mechanism for you.
24:23
So you can see that this
24:23
episode was really good
24:25
or maybe the way that I.
24:27
For value back in this episode
24:27
was actually worked really well.
24:30
I'm going to, I'm going to
24:30
go with that script again.
24:33
I also have, we got, obviously
24:33
we've got all of the incoming
24:35
messages as well, so that you
24:35
can just quickly view them and
24:39
then use them as part of your
24:39
show format, um, going forward.
24:42
So we really wanted to make
24:42
it just really easy to have
24:46
all of the data from value,
24:46
for value, just in one place
24:50
where you can access it.
24:53
Now, one of the things
24:53
that people may not know,
24:55
there's two forms of wallet,
24:55
wants a non-custodial
24:58
and wants a custodial.
24:59
This is a custodial wallet,
24:59
which means that you
25:02
are holding the warning.
25:04
Right now is a custodial wallet,
25:04
but we're working on ways that
25:09
we can extend that to at least
25:09
have the non-custodial option
25:12
for podcasters that want to
25:12
take it to that next level.
25:14
really exciting things.
25:17
With the lightning network
25:17
that should hopefully
25:19
give us that ability, uh,
25:19
further down the line.
25:24
Now that's brilliant
25:25
Now, looking at the side of you.
25:28
Obviously people who use the
25:28
fountain app can put their
25:31
wallet in and then start to
25:31
reward creators with SAS.
25:36
Do you have any plans to
25:36
integrate with cash app
25:39
or do you have plans to
25:39
create a user enabled wallet
25:43
locally in terms of cash app?
25:47
Person in the U S can already
25:47
send lightning from cash app
25:51
into fountain really easily.
25:54
Obviously the lightening
25:54
within catch-up is not
25:56
available in the UK.
25:58
I think probably we won't
25:58
end up offering the kind of
26:02
fear on ramp or the ability
26:02
to buy Bitcoin or lightning
26:05
because that's fundament.
26:07
A bit of a different
26:07
business model and comes
26:09
with a lot of regulations.
26:10
So we probably will just
26:10
stick with allowing people
26:13
to send that Bitcoin on
26:13
lightning, into fountain.
26:16
I think the great thing that
26:16
cash app shows us is that
26:21
this is not just fountain
26:21
and podcasting 2.0, talking
26:24
about Bitcoin and lightning.
26:25
This is happening globally.
26:27
This is every digital finance
26:27
app that wants to survive
26:31
over the next five years is
26:31
going to have to do this.
26:34
The any poke cost is
26:34
out there that have been
26:37
maybe hesitant about this.
26:38
I think that's a great signal
26:38
to show you that this is
26:40
a round and it's the best
26:40
technology for the job.
26:44
There's no other payments
26:44
technology that allows
26:46
you to stream micro
26:46
payments per minute.
26:49
It just doesn't exist.
26:50
It was a crazy one.
26:51
Somebody given a hundred
26:51
million SATs to this film
26:54
called Cindy mark, a movie
26:54
that say it's just coming out.
26:59
So that will be one Bitcoin,
26:59
but it's around 30,000 pounds.
27:04
What else do you have in mind?
27:06
When we first spoke probably
27:06
about six months ago, it
27:09
was all interesting ideas
27:09
and stuff, and every time we
27:14
speak or every time the market
27:14
looks forward, we're beginning
27:17
to move all those difficult
27:17
geeky things out of the way.
27:21
So what do you think is the
27:21
barrier now for mass adoption?
27:25
I think that's two things
27:25
that are limiting the
27:28
growth of body for that.
27:30
I think the first is just making
27:30
that initial onboarding easier.
27:37
So I think cash app
27:37
has made a giant leap
27:40
forward in the U S market.
27:42
I think suddenly you've got
27:42
60 million people that are
27:45
aware of lightning and have a
27:45
lightning wallet on their phone.
27:48
I think internationally though,
27:48
we still don't have the.
27:52
Big players that are
27:52
offering that, but I think
27:54
that will come naturally
27:54
over the next year or so.
27:58
So I'm pretty optimistic
27:58
that we'll solve that.
28:01
The second thing that I think
28:01
is limiting value value is
28:04
just the education around.
28:07
How do you talk about
28:07
it on your podcast?
28:10
How do you explain what
28:10
value for value is, how do
28:13
you ask your listeners to
28:13
send you, uh, do you make
28:17
it part of your show format?
28:20
Do the booster Graham corner.
28:21
That's one way of doing it.
28:23
You could ask at the beginning
28:23
of the show, you could ask at
28:25
the end of the show, you could
28:25
do a special Roundup episode
28:28
at the end of each month.
28:29
We're just starting to figure
28:29
out the different options.
28:32
And I think that's a really
28:32
important piece because
28:34
fundamentally it's not
28:34
enough as a podcast that
28:38
value enable your podcast.
28:40
You actually have to talk
28:40
about it on your show.
28:42
You have to talk about it
28:42
regularly in order to get people
28:45
supporting, they will support
28:45
if you ask them, but it takes.
28:48
Do you see a point because
28:48
now you've got the analytics
28:51
about who your superfans are.
28:53
Do you see a queen where
28:53
the creator cause it's
28:57
called value for value
28:57
as a two way street gives
29:01
stats back to the, the sun?
29:03
I don't see why not.
29:04
I think the really cool
29:04
thing about Bitcoin and
29:07
lightning is that there's
29:07
no limits to what we can do.
29:11
We can be completely creative
29:11
because at the end of the
29:14
day, it's just programmable.
29:16
So I'm really excited
29:19
do along those lines.
29:21
I think we're still
29:21
at the first stage.
29:23
So that's why we'd launched
29:23
the podcast, the wallet,
29:25
because hopefully now it,
29:25
maybe there's podcasters out
29:28
there that have thought about
29:28
doing this, but maybe they'd
29:31
been a bit puts off by having
29:31
to run their own lightening
29:34
node or some of the other
29:34
options that are out there.
29:37
Now, if you're a poke cost
29:37
that you can just set this up.
29:41
Two clicks within fountain and
29:41
you can start experimenting.
29:44
So I think we've got to
29:44
get as many podcasters on
29:46
board as possible because
29:46
the more podcasts that are
29:48
doing this, the more examples
29:48
we'll see if the best way to
29:52
integrate it into the show.
29:54
I'm really excited to see
29:54
what people do with that.
29:57
I think also the thing that
29:57
you mentioned cash app.
30:02
And I go to the podcast
30:02
index account on Twitter.
30:08
When you click on it, it
30:08
brings up a pop-up for
30:10
cash Satoshi's or Bitcoin.
30:12
And in the past that would
30:12
just ask me for a wallet.
30:14
And of course I'm not
30:14
us and it wouldn't have.
30:18
Did I notice when I now
30:18
click open one, it goes
30:20
straight into cash app.
30:21
As I have a local version
30:21
of cash app and I think 300
30:26
million roughly Twitter users.
30:28
So if there is a way that
30:28
even a percentage of that
30:31
starts to get into the Satoshi
30:31
reward system value, I think
30:35
it will begin to go mainly.
30:38
Now very quickly, where
30:38
can people get the fountain
30:40
that tell them where
30:40
they can go and try it?
30:42
So you can download
30:42
fountain on iOS or Android.
30:46
It's live on, uh, both
30:46
of those app stores.
30:49
And if you're a podcaster that
30:49
wants to set up your podcast
30:54
to receive Bitcoin lightning
30:54
through value for value, all
30:57
you have to do on fountain is
30:57
find your show on fountain,
31:03
click the lightning bolt on
31:03
your show page within the.
31:07
And there's a big yellow button
31:07
that just says claim podcast.
31:11
And if you hit that button,
31:11
you would just need to put in
31:14
the owner email address that's
31:14
in your eyes, that's feed,
31:17
just so that we know that you
31:17
have a control over that feed.
31:21
And from there we work with
31:21
Adam and Dave at the podcast
31:24
index to just update your
31:24
value block from there.
31:27
So it's really simple
31:30
And then you can start
31:30
asking your listeners
31:33
to send you some stuff.
31:35
A magazine or skip.
31:37
Once again, look forward to
31:37
the next big update from you.
31:45 James
Oscar Mary from fountain,
31:45
you can download fountain
31:48
at today on both iOS and on
31:48
Android, anywhere in the world.
31:54
It works anywhere in the world.
31:55
Who'd have thought it and
31:55
you can give that a go listen
31:58
to this podcast on there,
31:58
and you'll see all kinds of
32:02
exciting things about streaming
32:02
sets and about boosts too and
32:06
castoffs has released a new
32:06
feature, which also enables
32:09
all of its podcast is to
32:09
earn Bitcoin from listeners.
32:12
it's one of the first
32:12
podcast hosts to build in
32:14
support for value as well.
32:16
So if you're on castoffs, if
32:16
you're hosting on castoffs,
32:19
then you can, add the,
32:19
Bitcoin information into
32:22
there and away you go.
32:24
And I think the difference
32:24
though, between castoffs
32:27
and fountain is that car
32:27
stars has enabled a space
32:31
for you to type in your
32:31
Bitcoin node information.
32:35
So that sort of thing, but
32:35
what fountain has done is
32:37
they've gone the whole hog.
32:38
So they've given you
32:38
a proper podcast, a
32:42
wallet, which includes.
32:45
So it's a very different things.
32:47
So many congratulations
32:47
to Oscar, for doing that.
32:49
And it's great to hear.
32:51 Sam
Now, you had a report,
32:51
which I thought was really
32:54
good to juxtapose to all
32:54
of this integration with
32:58
cash and a fountain app.
33:00
It was a report from mumbler
33:00
that was released in Spain,
33:04
where they looked at how
33:04
podcasts is monetizing.
33:07
What was the reports about
33:09
looking at, how different,
33:15
so Spanish language obviously,
33:15
but different podcasts in
33:17
Spain are earning money or not.
33:19
As the case may be 47% of people
33:19
said that they're not earning
33:24
money from their podcast,
33:24
but quite a lot of people are
33:27
from all kinds of things like
33:27
selling their own services to
33:30
sponsorship and advertising
33:30
and so on and so forth.
33:32
Just, a lot of really useful
33:32
information around, podcasters
33:37
and monetizing of, all of
33:37
that from a mumbler, which
33:41
is a Spanish company and
33:41
it was kind of them to have
33:44
got in touch with, pod news
33:44
and given us an English
33:47
translation in there as well.
33:48
yeah, if you want to have
33:48
a peak at that, you will
33:50
find it a couple of days
33:50
ago in the pod news new.
33:54 Sam
the reason why I found
33:54
it interesting was how they're
33:56
making money from their podcast.
33:58
And if you juxtapose that back
33:58
to what we were talking about
34:01
with Satoshis and value for
34:01
value, how long it'll be before
34:05
podcasts are simply to, all
34:05
that other stuff that's selling
34:08
Casper mattresses and Dar.
34:10
Advertising are can't
34:10
be bothered with it.
34:13
Or will the big podcasts still
34:13
sell advertising, but the long
34:17
tail focus on just building
34:17
small network community.
34:20 James
Yeah, I think, I'm a
34:20
big fan of not diving into
34:24
a binary, idea here and it
34:24
must be one or the other.
34:28
I think the value for
34:28
value absolutely fits in
34:30
as well as advertising.
34:32
advertising has a place.
34:33
I think that sponsorship has.
34:35
And I think the value for
34:35
value has a place and actually
34:38
they can co-exist if you
34:38
want them to, you can choose
34:40
one or the other, if you
34:40
want to do that as well.
34:43
But I think, the advertising
34:43
model is tried and tested,
34:46
and value for value is
34:46
actually tried and tested.
34:48
Just ask Adam Curry about that.
34:50
I think anything that,
34:50
offers creators choice
34:52
in how they produce their
34:52
content is a good thing.
34:56
So really excited to hear that.
34:58
You know, the future, isn't
34:58
just selling Casper mattresses.
35:01
The future is all kinds of
35:01
other things in there as well.
35:04 Sam
we're not sponsored
35:08 James
No, we're not.
35:09
And by sprouted, jolly good
35:09
looking forward to seeing
35:12
them at podcast movement,
35:12
and also looking forward to
35:15
seeing this year's podcasting
35:15
hall of fame, inductees,
35:18
which will be unveiled.
35:20 Sam
they unveiled, yesterday
35:20
at 9:00 AM Eastern time.
35:24
and who was in the hall of fame?
35:26 James
Oh, lots of exciting
35:26
people in the hall of fame,
35:29
ginger Campbell, who is
35:29
the host of brain science,
35:32
mark Marron, who does WTF.
35:36
I know that's not what it stands
35:40
quite clever if it was,
35:41 James
but I think it should.
35:43
What's that for we've married,
35:43
Mikayla Matthews, who is
35:46
host of side hustle, pro Dr.
35:51
Emily and CEO of chick flicks
35:51
productions, Dave Sasha.
35:56
Now, it said in the release
35:56
that he, his host and producer
35:58
of evil genius Chronicles,
35:58
I will tell you that Dave
36:01
Slusher was the first podcaster
36:01
to say the word podcast.
36:06
And our podcast, according
36:06
to my Myra research.
36:10
So Dave Slusher knows a thing
36:10
or two about this world.
36:14
He started podcasting
36:14
in 2004 and has been
36:18
doing it ever since.
36:20
Also Glen Washington, who's
36:20
producer of snap judgment,
36:23
Molly wood, who I used to
36:23
listen to a long time ago
36:25
on nets, a buzz out loud.
36:28
she is now working on
36:28
this week in startups.
36:31
and finally a very nice man,
36:31
a proud bid owner and pipe
36:37
owner, the host of podcast
36:37
pontifications and CEO of
36:41
simpler media productions.
36:44
I caught up with him yesterday
36:44
just to say congratulations
36:47
and find out what he felt.
36:49
Having gotten his hall of fame.
36:53
I'd got one of the new
36:53
hall of fame, inductees
36:57
friend of the show.
37:02 Evo
Fine, Sam fine.
37:04
Thanks for having me on here.
37:05
The funny thing is I used
37:05
to be sent out into the hall
37:08
quite a bit as a student, but
37:08
being inducted into the hall
37:11
of fame is quite an honor
37:13
back to the teacher.
37:17
He'll never make anything of it.
37:20
It doesn't apply himself.
37:22
Can't stay focused, wants
37:22
to talk nonstop, tries
37:25
to make everybody laugh.
37:26
Hey, look, what I got.
37:28
When did you find that out?
37:30
I got the announcement this
37:30
morning, obviously, as everybody
37:32
else did here in the states,
37:32
when the embargo is dropped
37:34 at 9
00 AM Eastern time.
37:36
But I got a phone call from
37:36
them a couple of weeks back.
37:39
And really the reason the
37:39
phone call was to say, are
37:42
you coming to the event?
37:43
I don't think the award
37:43
gifting was predicated on
37:46
your attendance or not.
37:46
I think they were saying, if
37:46
not, can you shoot a video?
37:48
But I said, luckily I
37:48
have already purchased
37:51
a ticket to the event.
37:53
I will actually be there to
37:53
pick up my piece of acrylic.
37:58 Sam
James, now we'll be
37:58
out there with you as well.
38:01
It'll be fun to meet
38:01
in person for the first
38:03
time I'm looking forward.
38:05
it mean to be in the
38:08
So I'm pretty stoked
38:08
because as I said, in
38:11
my episode of podcast,
38:11
pontifications, which I've
38:13
decided to release tomorrow.
38:14
Cause not everybody can
38:14
go to the award ceremony.
38:16
It makes me sound a little
38:16
bit like a dirt bag here,
38:18
but I'm not the kind of
38:18
guy that actually seeks.
38:22
I'm not that way in podcasting.
38:23
I was never that way.
38:24
When I ran an agency, in fact,
38:24
the agencies that I worked at,
38:26
we had a policy that we would
38:26
not submit to awards because
38:29
we wanted it to be about the
38:29
work itself and not about
38:32
the accolades that we get.
38:33
So that's something I've
38:33
carried with me for awhile,
38:35
but at the same time,
38:35
I'm incredibly honored.
38:39
I've been doing this for
38:39
a long time and to be
38:41
recognized by my peers, many
38:41
of what you've also been.
38:46
It's almost overwhelming just
38:46
to look at the list of people
38:49
who are in there already.
38:50
And to know that some of them
38:50
said this guy's efforts and
38:53
podcasting is worth having
38:53
that accolade to his name.
38:57 Sam
do you think is going
38:57
to be happening this year?
39:00
2022 in podcasting?
39:01
It's early enough in the air.
39:02
Let's get Evo Tara's
39:04
Like every year, this
39:04
is the year podcasting.
39:06
And we've been saying
39:06
that for the longest time,
39:08
but it continues to feed.
39:13
Last year was a big mergers
39:13
and acquisition year.
39:16
I don't think 20, 22 is
39:16
going to be any less of that.
39:20
In fact, for the rumblings that
39:20
I'm hearing out there, I think
39:22
it's going to be more, so we're
39:22
going to keep seeing large
39:26
companies swinging large bags of
39:26
money around and entering this
39:29
space, or conglomerating this.
39:32
And that's both good and bad
39:32
for all of podcasting, but
39:35
I tend to like it as a good
39:35
thing, changes always comes
39:38
with its challenges, but I
39:38
think it's a good thing because
39:40
that will continue to put the
39:40
spotlight on podcasting and
39:46
hopefully in ways that continue
39:46
to bring more people into.
39:51
We'll have to wait and see
39:51
what the numbers come out
39:53
from medicine research this
39:53
year, but we haven't cracked
39:55
that 30% number in the states.
39:57
At least the people who listen
39:57
on a regular weekly basis.
39:59
So I'm hopeful that we'll see
39:59
more people coming into the
40:04
space as the, as more attention
40:04
is poured on it from these
40:06
big mergers and acquisitions.
40:08 Sam
bet with James is
40:08
the Netflix will buy
40:11
So that's one of many ideas that
40:11
I've heard floated around there.
40:13
Google will they do something
40:13
in podcasting worthwhile or not?
40:18
I dunno, maybe it's
40:18
finally the time for
40:20
YouTube to do something.
40:21
I think the people that
40:21
run YouTube or are a little
40:23
different than the regular
40:23
Googlers, and I think they
40:25
see all the attention of
40:25
podcasting that's taking place.
40:28
So they may come in and
40:28
make it a big change.
40:30
I'm always puzzled.
40:32
And I've been puzzled
40:32
about this since the
40:33
beginning of podcasting.
40:34
Why audible, which is
40:34
now owned by Amazon.
40:37
Doesn't take a bigger stake.
40:38
Podcasting, audible.
40:41
What apple did with iTunes
40:41
back in 2005, they would
40:44
clearly be the default standard
40:44
because they already had a
40:47
spoken word mobile platform.
40:49
And the fact that they don't
40:49
do more always puzzles me.
40:52
So I'm not counting Amazon
40:52
slash audible out of making
40:56
a next great big push and
40:56
flipping things upside
41:00
The other interesting
41:00
thing that I think.
41:02
And I've just interviewed
41:02
OptiScan Mary and a Gigi as well
41:07
is about the value from value.
41:09
So Tashi payments, micropayment
41:09
systems, it was exciting to
41:12
see cash out, supporting the
41:12
lightning network last night.
41:16
And it's been exciting to see
41:16
how that's already integrated
41:19
straight into Twitter now.
41:21
So quick access to wallets
41:21
and give the 300 million
41:25
odd people who use Twitter.
41:27
Nah, a nice slither of that.
41:28
Maybe 5% can get their
41:28
heads around creating
41:33
And instead of giving you
41:33
a heart or a like, or a
41:36
retweet giving you some
41:36
stats, I think that's a great
41:39
step in, hopefully, maybe.
41:43
Podcasters who create
41:43
something, but get frustrated
41:46
that there's no engagement or
41:46
interaction or monetization.
41:49
None of us really want
41:49
to sell Casper mattresses
41:52
I am not a crypto bro.
41:54
I get it a little bit.
41:55
I have spent hundreds of the
41:55
dollars on crypto, right?
42:00
Not anything more than that.
42:04
To me, the biggest barrier
42:04
is getting people who are not
42:07
crypto bros to get on board.
42:09
And this is not for
42:09
the faint of heart.
42:11
It takes work from both
42:11
sides, from the podcast or
42:13
side or from the podcast
42:13
listener side to do something.
42:18
fountains released some
42:20
new stuff coming on.
42:20
There's a bunch of others that
42:20
are now making it a much easier
42:23
onboarding process when it's
42:23
as easy as giving someone at
42:28
PayPal payments or signing
42:28
up for a Patrion account or
42:32
clicking that tip button, as
42:32
you mentioned in Twitter right
42:35
now, when it's that simple
42:35
and it's that integrated, I
42:38
think that is an engagement.
42:39
Some people do more often
42:39
say yes, I would like to
42:42
show my love to that podcast.
42:44
Will there be enough?
42:47
There is still the 99 1 rule
42:47
that says 90% of your audience
42:51
won't do anything 9% maybe
42:51
will, and 1% will do it.
42:54
So if you're a podcast with
42:54
a hundred listeners, which
42:56
is around the average number
42:56
of listeners, the average
42:59
podcast has a, that means,
42:59
well, give you some boost.
43:04
I don't really know, but
43:04
nonetheless, I am encouraged
43:08
by making it easier to
43:08
access this form of listeners
43:11
and maybe not the head.
43:13 Sam
If only 1% the head get it.
43:15
But I think if you're a small
43:15
podcast run and you get that
43:18
engagement back, it reminds
43:18
me of blogging in the day.
43:22
When you blogs, just getting
43:22
a comment in your blog.
43:25
You gave you that extra
43:25
juice to go write your next
43:28
post because you thought my
43:28
God, I've just sweated tears
43:32
and blood over this thing.
43:33
And someone's actually read it
43:33
and giving me something back.
43:36
I think that may be just
43:36
the requirement of it rather
43:40
than it's my retirement
43:40
fund, but it could be just,
43:43
you know what, that's just
43:43
a nice pat on the back.
43:45
Thank you so much for letting
43:45
me know you're listening
43:48
and I'm onto my next
43:50
I remember back when
43:50
Twitter first hit the
43:52
scene a few months into it.
43:53
One of its benefits
43:56
You'd write that blog post
43:56
and you check the next day
43:59
and you get a big goose
43:59
egg for comments, but back
44:03
then, we're talking 2006.
44:05
You could put a tweet out and
44:05
within 10 minutes you get off.
44:09
Okay, you get, maybe
44:09
somebody would retweet it
44:11
even with a small audience.
44:12
So if we podcasters and more
44:12
importantly, the podcast app
44:16
makers can figure out a way to
44:16
provide that sort of a feedback
44:22
mechanism to just so you know,
44:22
people are actually listening
44:26
because you don't know that.
44:27
You only know that from your
44:27
download numbers, which don't
44:29
mean lessons, you can log
44:29
into apple or you can log
44:31
into Spotify and get that.
44:32
But even that's only a sliver
44:32
of your, of the information
44:35
that is tied to that platform.
44:36
But if you could know, overall
44:36
people are continuing to
44:39
get what you want to say.
44:43
And also help refine your show.
44:45
If splitting this kind
44:45
of content out gets me
44:48
more kudos, gets me more.
44:50
Woofy whatever word you want
44:50
to use, then that's the way
44:53
I will structure my show.
44:54
That's hard to do when you get
44:54
one piece of feedback a month.
45:00 Sam
with the hall of fame,
45:00
once you get, you get a
45:01
plaque because you got a
45:01
badge, what have you got
45:04
I get a Learjet and a
45:04
lifetime supply of cookies.
45:08
No, I have no idea what I
45:08
get actually about half of
45:11
the recipient from prior
45:11
years are friends of mine
45:14
because I've been in this
45:14
space for so stinking long.
45:16
I know they've got a plaque
45:16
and we get to be up on
45:18
stage and do some stuff.
45:19
But beyond that, as
45:19
far as what the other.
45:22
Bonus pieces we get for being
45:22
that other than bragging rights.
45:26
I guess I will find out when
45:26
and or if something arrives
45:30
in the mail or when I'm on
45:30
stage at podcast movement,
45:34 Sam
Eva terror, remember
45:34
lasers and gentlemen, you need
45:36
to bow now you'll be wearing
45:36
Ermin and a golden set to,
45:40
with a microphone on the top.
45:43
I'll be just like Chris
45:43
Rock's character in
45:46
fifth element Ruby ride.
45:50
Now, if anyone wants to
45:50
listen to your brilliant
45:52
podcast, where can they go
45:53 Evo
check out podcast?
45:55
Pontifications, that's
45:55
probably the biggest thing
45:57
that I'm doing these days.
45:58
podcasters like yourself.
46:01
We talk about the future and
46:01
the present of podcasting
46:03
and discuss ways that we can.
46:05
All of us podcasts were
46:05
to work together to
46:07
make podcasting better.
46:11 James
The very nice Evo
46:11
Terra he's promised me a
46:14
beer or he's promised that
46:14
I can buy him a beer at
46:17
podcast movement evolution.
46:20
I don't really know
46:20
which way round, but
46:21
anyway, however it works.
46:23
and so looking forward to
46:23
seeing him there and if you
46:26
want to see, the hall of
46:26
Famers being given all of
46:31
their fancy trophies and
46:31
everything else, it's presented
46:33
by Libsyn and it's on March
46:33
the 25th at podcast movement
46:38
evolutions in Los Angeles.
46:40
You don't need a ticket for
46:40
podcasts moving to evolution, as
46:43
you can just rock up, I believe.
46:45
so that's all very good.
46:46
And of course you can
46:46
also watch online too.
46:49 Sam
We'll be watching live.
46:51
we were watching live there.
46:52
Our be giving, all of the
46:52
inductees, a big round of
46:57
applause and everything else
46:57
under hopefully trying to
47:00
record a little bit for the
47:00
pod news podcast as well.
47:05
everyone loves a chart there
47:05
and they, James there's a
47:07
lot of them out this week.
47:08
ed, some research has
47:08
released the top 50 U
47:11
S podcasts for 2021.
47:14 James
Well, amazingly
47:14
enough, the Joe Rogan
47:16
experience is number one.
47:18
and in fact, the top
47:18
five haven't changed.
47:20
So what Edison research
47:20
do is they release this
47:23
report every quarter.
47:25
It contains, the last 12 months.
47:28
Podcasts listening.
47:29
And the way that they do
47:29
it is they ask people every
47:31
single week, what podcasts
47:31
are you listening to?
47:33
and, they end up with a
47:33
great big list of very
47:37
popular podcasts in there.
47:39
from number five to number
47:39
one at five stuff, you
47:41
should know what for this
47:41
American life at three crime
47:44
drunk here to the daily.
47:46
And number one is the
47:46
Joe Rogan experience.
47:47
so that was nice to hear.
47:49
But then there was another
47:49
chart, pawn track, who,
47:51
release a chart every
47:51
month or so, which is
47:54
participating publishers only.
47:56
And it shows that I, heart radio
47:56
is number one for podcasts.
47:59
And the number one is the daily,
47:59
which is all very exciting.
48:05
And NPR number two, and a
48:05
number three and NBC news
48:09
up at number four at the
48:09
Ben Shapiro show at five.
48:12
So you've got that chart,
48:12
which has gone on as well.
48:16
And then you've got
48:20 Sam
I list of the hottest
48:20
up and coming podcasts.
48:25
James, who's the hottest
48:25
in upcoming podcast in
48:28
the pod chaser twenty-five
48:29
they, worked it out.
48:31
and families who kill
48:31
is the number one show.
48:34
Never heard of it, but
48:34
maybe that's the point.
48:36
of how all of this works.
48:37
it's worked out by a
48:37
proprietary scoring system.
48:40
A pod chaser have listening
48:40
stats from a podcast app, or
48:45
maybe a couple of podcast apps.
48:47
they won't tell me what
48:47
the podcast apps are.
48:49
The only thing that they
48:49
will say is 20 million years.
48:53
But I don't know whether
48:53
that's 20 million users in
48:55
the us or across the world.
48:56
but, they also have though
48:56
another 29 data points,
49:00
which they wouldn't tell
49:00
me what any of those are.
49:02
them has something to
49:04
do with social media.
49:05
So maybe if you follow followed
49:05
on social media a little bit
49:07
more, then you might get a
49:07
little bit higher in this
49:09
chart and blah, blah, blah.
49:10
but I could get very little
49:10
information about any of this.
49:13
and they're called hottest
49:13
up and coming podcasts.
49:16
I went through the list.
49:17
One of the podcasts in that pod
49:17
chaser 25 was released only
49:22
a couple of weeks ago, right?
49:24
At the end of January.
49:26
some of the other charts in the
49:28
Paul Chase chaser 25
49:28
were released at the
49:31
beginning of December.
49:32
So I'm not quite sure
49:32
how that works in terms
49:35
of these charts as well.
49:36
And I'm just, I don't, I dunno,
49:36
I'm just looking at pod tracer
49:40
and I'm thinking there's an
49:40
awful lot of black boxes there
49:43
where they're not telling
49:43
anybody how anything works.
49:45
And I'm just a little bit
49:45
dubious about the whole thing.
49:49
in and have a look.
49:51
I can see, the data
49:51
for pod news in there.
49:55
So I thought, that'll be
49:55
interesting seeing what
49:57
that data shows and how
49:57
many listeners that it
50:00
thinks that pod news has.
50:01
It thinks that pod news does
50:01
25,000 downloads a month,
50:06
except pod news does a hundred
50:06
thousand downloads a month.
50:11
again, I'm just slightly
50:11
worried that they've got this
50:15
tech, which isn't probably
50:15
tuned particularly well, and
50:19
they're diving into something
50:19
which just seems a bit
50:23
proprietary and a big black box.
50:24
And if they're not telling
50:24
us quite how it's worked out,
50:27
then, I don't know, I'm just
50:27
slightly dubious, but maybe
50:30
I'm just being miserable
50:30
about the whole thing.
50:34
thing for the industry.
50:35 Sam
Have you called over
50:35
the January blues yet?
50:37
finished with them.
50:41 James
Ah, I would tell
50:41
you what a thing to say.
50:44
it's all this talking
50:46
I'm really hoping that we're not
50:46
going to talk about Joe Rogan.
50:49 Sam
we pushed it all the way
50:49
down to the bottom as far as we
50:51
could, but I think we have days.
50:53
the boy likes to be in the news.
50:54
He is the number one,
50:54
as we just said all over
50:57
the Edison research.
50:58
you can see why Spotify
51:00
you had an exclusive
51:00
this week, James, from.
51:03
report about what's going
51:03
on with the Joe Rogan
51:06
controversy, what was the
51:06
exclusive report about?
51:09 James
Yeah, it was exclusive
51:09
data and really good to see
51:13
this information because
51:13
it really made you think,
51:16
it came from signal hill
51:16
insights, it's data from
51:19
both Americans and Canadians.
51:21
And I think that's important.
51:23
when you look at, the Canadian
51:23
data, 53% of people say that
51:28
Spotify has a responsibility
51:28
for editorial control, that
51:32
is considerably lower, only
51:32
40% of people for Americans,
51:36
but that's still the most
51:36
popular choice for Americans,
51:39
but it's really polarized.
51:41
if you have a look in the
51:41
middle, of people who really
51:44
haven't made a decision one
51:44
way or the other, should
51:47
Spotify have editorial control,
51:47
should it be Joe Rogan,
51:50
should Joe Rogan be able to
51:50
release anything he wants?
51:52
then there's a little bit
51:52
of information, Then there's
51:55
really not that much.
51:56
middle ground it's either.
51:58
I really believe that, Joe
51:58
Rogan is wrong and that Spotify
52:02
should be, exerting editorial
52:02
control or on the other side,
52:05
Joe Rogan can feature whoever.
52:08
And that's particularly strong
52:08
in terms of Americans, 37%
52:12
of all Americans say that Joe
52:12
Rogan can say whatever he wants
52:15
because of that whole freedom of
52:15
speech thing, which is very much
52:18
part of the American culture.
52:19
But as you can see here, not
52:19
part of the Canadian culture.
52:22
So I just thought it was
52:22
really interesting data
52:24
from signal hill insights.
52:27
And there's a bunch more
52:27
data in the report that they,
52:29
kindly shared, with, as well.
52:31
and I think it just goes to
52:31
show that actually, a it's
52:34
really polarized, but also B
52:34
don't go thinking that everybody
52:39
wants freedom of speech because
52:39
that's definitely not the case.
52:42
And don't go thinking that
52:42
everybody just wants Spotify
52:45
to editorially control this.
52:47
Because again, that's
52:47
definitely not the case either.
52:50
It's very much a very
52:54 Sam
So yeah, you're talking
52:54
about myopic Americans again.
52:56 James
Well, good Lord.
52:58
Sethi, do you want to
52:58
get into Los Angeles in
53:00
a couple of weeks time?
53:01 Sam
certainly won't be
53:01
mentioning that to the,
53:03
border control man though.
53:05 James
I don't know whether
53:05
it's a myopic Americans.
53:07
I don't think that's
53:07
particularly fair, but I do
53:09
think that there is a definite
53:09
difference in terms of culture.
53:12
And I think that's where.
53:14
We have found it difficult
53:14
to talk about this because
53:18
we have different cultures.
53:19
We are not American.
53:23
the other thing that came out
53:23
of this is if you listen to
53:27
the Joe Rogan experience, then
53:27
you completely side with Jerry.
53:34
I'm the only one in five of
53:34
Joe Rogan listeners think
53:38
that Spotify should have
53:38
any responsibility at all.
53:41
whereas Joe Rogan listeners,
53:41
for us of five nearly basically
53:44
say, absolutely Joe Rogan
53:44
should invite whoever he
53:47
wants on and they should
53:47
say whatever they like.
53:50
so again, really interesting
53:50
seeing that sort of side of it.
53:54 Sam
don't have an issue with
53:54
Joe Rogan, having any guest
53:56
on and saying what he likes.
53:58
I think it's up to him.
53:59
I was listening to Kara Swisher
53:59
and Scott Galloway and they
54:02
were saying, look, this is not
54:02
cancel culture, which Daniel
54:05
Lac was trying to label it too.
54:07
This is just about simple facts.
54:09
This is misinformation.
54:11
And you can't be going
54:11
around talking about certain
54:14
things, informing people
54:14
wrongly when they're not
54:17
facts and that's all.
54:18
Correct the facts or but
54:18
you can't call it canceled.
54:24
necessarily misinformation.
54:26
It's just different information
54:26
and it's information that
54:28
we don't necessarily hear
54:28
too much in the media.
54:33
I should also say by the
54:33
way that this data is prior
54:36
to the video appearing
54:36
of Joe Rogan, using the N
54:40
word, more than 24 times.
54:42
and there was also a video
54:42
that came out with, Rogan,
54:46
joking about sexual assault as
54:46
well, which isn't necessarily
54:49
the brightest thing.
54:50
thoughts may have changed
54:50
since that, but, yeah.
54:54
as I say, I, it is interesting
54:54
seeing that basically
54:58
the concept of freedom of
54:58
speech is actually quite
55:02
a polarizing concept.
55:04
and, I went onto the
55:04
podcast index.social.
55:08
the other day to say, we
55:08
might want to be quite careful
55:12
about promoting podcast
55:12
index as the best end of
55:15
free speech, because 40% of
55:15
Americans don't like that idea.
55:19
and that went down like
55:19
a bucket of sick, but
55:21
nevertheless, it was nice.
55:23
It was worthwhile doing.
55:26
70 Joe Rogan, episodes
55:29
Spotify last weekend.
55:30
And the reason why is that
55:30
Joe Rogan wanted them gone, at
55:34
least according to Daniel EK.
55:36
Daniel Lac has given some
55:36
guilty money, a hundred
55:38
million dollars, for, audio
55:38
content from historically