this post was submitted on 13 Oct 2023
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What if we had an easy way for listeners to “throw bits”, “gift subs”, or “send super chats” to the shows they are listing to?
This is what podcasting 2.0 tries to do. It’s one of the few good uses for Bitcoin that I have found.
You can stream small pieces of bitcoin to the show per min (67 SATS/min ~ $0.0180 USD = over 60 mins is 4020 SATS ~ $1.07 USD) or send a boost that attaches a message to an amount of you choosing allowing to you give feedback almost like sending chat messages to a streamer on Twitch/Youtube.
The podcaster can see a timestamp and what episode you were listening to at the time so they know the context. There’s a lot more to Podcasting 2.0 than that but here’s links for more info.
Here is JupiterBroadcasting take on this: https://www.jupiterbroadcasting.com/boost/
9to5Mac did an article on it: https://9to5mac.com/2022/06/26/podcasting-2-0/
Here is info from the driving force behind Podcast 2.0:
http://adam.curry.com/html/WhatIsPodcasting20-28mcN0CfHFRjZRpkjpSf56jDCkMjTb.html
Lastly here is a link to get podcast apps that support the podcasting 2.0 standard: https://podcastindex.org/podcast/value4value
You don't need bitcoins to do that streaming thing. It's been done before with actual money. For example, pay-by-the-minute phone plans.
Standard credit card processing fees are anywhere from 1.5% to 3.5% and then there’s more on top of that. Here is an article that runs down typical credit card processing fees.
https://www.forbes.com/advisor/business/credit-card-processing-fees/
In addition to that pay by the minute foam plans are quite costly, but it is an option. Podcasting 2.0 may not be the 100% answer for everyone but diversifying your income is a good thing.