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RE: Just Heard About Bit.Tube Today - What's the deal with it?
One of the big issues with a lot of these platforms like BitTube is they don't clearly explain how economics work. It ends up being a big mystery. It is annoying. I ran into the same thing with Scorum. Literally no one could actually tell me what the economics of it were. I even e-mailed the Scorum developers and never heard back.
There are a lot of good things about BitTube but as an investment it is like ???????????????????????????????????????
There are more questions than answers in the end and for everything I have seen I don't think anyone is making any money except the people GPU mining the coin as long as their electricity rate is low enough but it would have to be super low or free to actually be profitable.
I'm pretty pessimistic about crypto right now however this big shit show going on with Youtube and Patreon and really all types of social media trying to silence anyone who disagrees with them or who offends anyone is going to drive people to crypto. I know Jordan Peterson isn't a huge figure but he's pretty popular and if he goes on BitTube potentially you get Dave Reuben and Sam Harris and all those other figures in that space going over there as well, who knows maybe even Joe Rogan someday.
I agree about the economics. I was asking around on Reddit and somoene is claiming they are going to have ads but I havn't actually seen anything from the company saying that or describing how it will work. I think ads are a necessity to bring any real money into a platform because if the plan was to have your peers support you with bittube tokens thats destined to fail and if the plan is to have people pay for services with said tokens to raise money thats going to fail as well.
My other question which I posed in my comment to @kenanqhd is if they do allow ads will they wind up being beholden to advertisers like youtube or will they take an approach of we are what we are, if your a whiny little bitch dont advertise here
I think the best way to approach the advertisement situation is like you said. If they want to be whiny little McBitches then they should go elsewhere.
STEEM is actually pretty advertiser friendly to be honest with you. Even more so than YouTube. It is really PC here for the most part and a lot of the content isn't even as edgy as some of the stuff that got popular on YouTube