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Author Topic: YouTube star testing bitcoin micropayments for video  (Read 1460 times)
valerian253 (OP)
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February 19, 2016, 03:56:12 PM
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https://video.popchest.com/#featuredVideos
 
NurdRage, a YouTube personality with over 600,000 subscribers, is testing bitcoin micropayments for his videos as an alternative to advertising. Show him some love!
 
Thank you.
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February 19, 2016, 04:02:13 PM
 #2

That a Great News. If bitcoin is introduced in Youtube, it will be really great. I wonder how well response it will receive.

Good work !!!
valerian253 (OP)
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February 19, 2016, 04:10:10 PM
 #3

Thanks for your support! Hopefully this will illuminate one of the great use cases for bitcoin…micropayments  Cool
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February 19, 2016, 04:13:31 PM
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Yes, We should all support and encourge Bitcoins in Micro payment. Is a great great effort of yours.
I also want to be a part of it.
Good luck
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February 19, 2016, 04:15:35 PM
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Well its good to see new projects growing with bitcoin inside,and well its free of fees now as the sucess becomes bigger we will see fixed fee and well sucess i really hope it stands.
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February 19, 2016, 04:47:48 PM
 #6

I doubt, if his earnings from Bitcoin will be higher than the advertisement income he will be receiving via YouTube. How does he manage instant

payments for content providers? { 0 confirmations or off-chain payments? } It would be a pity if you have to pay for Bitcoin related videos this early

in the game.  Sad Adoption will not increase, if people have to pay for Bitcoin information.

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February 19, 2016, 04:53:17 PM
 #7

Yes, We should all support and encourge Bitcoins in Micro payment. Is a great great effort of yours.
I also want to be a part of it.
Good luck

In order for the micro payment to be successful, we need to increase the block size, otherwise, the fee is too high.
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February 19, 2016, 04:55:51 PM
 #8

I doubt, if his earnings from Bitcoin will be higher than the advertisement income he will be receiving via YouTube. How does he manage instant

payments for content providers? { 0 confirmations or off-chain payments? } It would be a pity if you have to pay for Bitcoin related videos this early

in the game.  Sad Adoption will not increase, if people have to pay for Bitcoin information.

The earnings from his advertisments will always be higher but it can be a nice bonus for him if he collects like $5 to $10 per video. And it might make people interesting and maybe even search for information about Bitcoin. Every bit of help is good.
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February 19, 2016, 04:57:32 PM
 #9

Good idea, but annoying that you have to use Coinbase specifically

Quote
1 Upload your video

Connect your free Coinbase bitcoin wallet to PopChest. Then, upload your video. With micropayments, you can charge as little as $0.10 per view.

I want to be paid directly to my personal wallet, not some data collecting infrastructure bullshit. I hope we can have LN soon so we can be paid directly to our wallets in a decentralized way.
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February 19, 2016, 04:59:33 PM
 #10

Oh dear! So many video clips on youtube are rubbish, that I don't think I would be prepared to pay for any of them without watching them first. This payment system must knock the view count substantially, and surely that would push him down in the Youtube rankings.

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February 19, 2016, 05:01:15 PM
 #11

I like the implementation! No BS, just scan, pay, then watch.
The cool thing is that I think something like this would even work on a TV. I would love a pay-per-view streaming service. No memberships or fuss, just pay and watch.  

Good idea, but annoying that you have to use Coinbase specifically

Quote
1 Upload your video

Connect your free Coinbase bitcoin wallet to PopChest. Then, upload your video. With micropayments, you can charge as little as $0.10 per view.

I want to be paid directly to my personal wallet, not some data collecting infrastructure bullshit. I hope we can have LN soon so we can be paid directly to our wallets in a decentralized way.
Hmmm. yeah, not as good for the content producer. They really need to send it on to your wallet immediately. Perhaps this is to accommodate a fee of some kind?

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February 19, 2016, 05:01:57 PM
 #12

https://video.popchest.com/#featuredVideos
 
NurdRage, a YouTube personality with over 600,000 subscribers, is testing bitcoin micropayments for his videos as an alternative to advertising. Show him some love!
 
Thank you.
Sad is not a YouTube initiative but an user one.
I think there are a lot of other people that accept payment with bitcoin also on YT.
It could be positive because more people decide to adopt, and share with other people so!
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February 19, 2016, 05:07:52 PM
 #13

I like the implementation! No BS, just scan, pay, then watch.
The cool thing is that I think something like this would even work on a TV. I would love a pay-per-view streaming service. No memberships or fuss, just pay and watch.  

Good idea, but annoying that you have to use Coinbase specifically

Quote
1 Upload your video

Connect your free Coinbase bitcoin wallet to PopChest. Then, upload your video. With micropayments, you can charge as little as $0.10 per view.

I want to be paid directly to my personal wallet, not some data collecting infrastructure bullshit. I hope we can have LN soon so we can be paid directly to our wallets in a decentralized way.
Hmmm. yeah, not as good for the content producer. They really need to send it on to your wallet immediately. Perhaps this is to accommodate a fee of some kind?


yep, doing this via TV is a no brainer and alot easier than today.

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February 19, 2016, 05:44:54 PM
 #14

This seems like a really nice and cool idea. $0.25 to pay to watch for a video is not too bad of a deal.

valerian253 (OP)
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February 19, 2016, 05:57:01 PM
 #15

Good idea, but annoying that you have to use Coinbase specifically

Quote
1 Upload your video

Connect your free Coinbase bitcoin wallet to PopChest. Then, upload your video. With micropayments, you can charge as little as $0.10 per view.

I want to be paid directly to my personal wallet, not some data collecting infrastructure bullshit. I hope we can have LN soon so we can be paid directly to our wallets in a decentralized way.

Originally, we built our platform on Mycelium and Hive…both open source wallets. That caused a lot of problems. For example, Hive stopped being developed. And, Mycelium Android works totally differently than Mycelium iOS (different dev teams). Every wallet out there works in their own unique way internally. It's impossible to support them all, so we went with the simple solution so we can focus on the actual media distribution platform rather than spending all our time troubleshooting bitcoin wallets.
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February 19, 2016, 06:31:35 PM
 #16

The types of people who subscribe to youtube vids are younglings in the main. That's a generation accustomed to getting most of their media for free. I really can't see micropayments ever working in this type of scenario. Most are going to shop elsewhere.
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February 19, 2016, 06:32:32 PM
 #17

Good idea, but annoying that you have to use Coinbase specifically

Quote
1 Upload your video

Connect your free Coinbase bitcoin wallet to PopChest. Then, upload your video. With micropayments, you can charge as little as $0.10 per view.

I want to be paid directly to my personal wallet, not some data collecting infrastructure bullshit. I hope we can have LN soon so we can be paid directly to our wallets in a decentralized way.

Originally, we built our platform on Mycelium and Hive…both open source wallets. That caused a lot of problems. For example, Hive stopped being developed. And, Mycelium Android works totally differently than Mycelium iOS (different dev teams). Every wallet out there works in their own unique way internally. It's impossible to support them all, so we went with the simple solution so we can focus on the actual media distribution platform rather than spending all our time troubleshooting bitcoin wallets.
That makes sense. Great work man!

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February 19, 2016, 06:35:29 PM
 #18

Looks like a great concept but many youtube viewers are really young, most of them don't even know what bitcoin is.
Let alone know how it will work out, I doubt this type of thing will take off.

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valerian253 (OP)
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February 19, 2016, 07:28:10 PM
 #19

Looks like a great concept but many youtube viewers are really young, most of them don't even know what bitcoin is.
Let alone know how it will work out, I doubt this type of thing will take off.

Let's talk in a year Wink
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February 19, 2016, 09:11:42 PM
 #20

This seems like a really nice and cool idea. $0.25 to pay to watch for a video is not too bad of a deal.


The question, what he will do with piracy?

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