Hodlezerper

This guy isn't respected...

I have never been more bullish. The level of complexity of ideas they're working with and putting out is indicative that things are going bonkers over there.

I'm so pumped to see you all back on here...

Ya'll need to go outside. A watched pot never boils...

Thanks. Keep us posted if it is looking unstable, lol.

Are any Canucks in here more concerned about why Chase would do that? What's the consumer debt situation in Canada?

They say they've implemented XRPL (or "Ripple" blockchain) and Ethereum. I'm curious if they're issuing IOUs via the XRPL or?

It seems to be advertising an online event, actually.

@BobWay I notice you mentioned that the Ripple employees paid some attention to XRPChat. What did they think of MaxEntropy? (The original, not the fake one, obviously) Thanks for your insights! You've made the forum fun again!

I think that we're looking at an alternative funding option for content creators/producers/webmasters, etc...There will always be room for ads. There will always be a group of people who simply do not want to pay for the content they're consuming and so they pay by having their information sold or their eyeballs bombarded with ads. To that end, YouTube and ad based services won't go away. Currently, Coil is a "Feel Good Subscription" and provides zero competition with YouTube's revenue model. For YouTube to feel the pain it would require a whole helluva lot of content creators to abandon their platform entirely and host their videos elsewhere which would ultimately cost creators by having to foot the bill for the servers. The value for creators in YouTube is in the hosting and the ubiquity of the platform. The question you're really asking is, "Will creators abandon YouTube as a platform because Web Monetization provides a better experience than YouTube's current services for content creators?" But, I'm not sure you can compete with free (hosting, ubiquity, etc). That being said, I COULD potentially see it taking a chunk out of YouTube's premium subscriptions because that's essentially what Web Monetization is (a premium). It's difficult to contend with free, and these days, you need people to stumble across your content and the money is made elsewhere. Platform's such as Patreon provide an alternative income stream to some creators who provide an ad-free experience or that individuals want to support despite being able to consume their content freely at the cost of time and attention (ads). But even so, the creators are providing "exclusive" experiences to subscribers. I think Coil will provide an alternative funding option for creators but it won't supplant advertising simply because creators must reel people in somehow, and offering a base level of content for free does a good job of that. Coil MIGHT supplant the premium experience, but design and time will tell. In the long run I certainly hope so.

YouTube will never partner with Coil to provide ad free experiences. They have YouTube subscriptions for that purpose, and profit from selling ads specifically. If anything, they're disincentivized to have anything to do with Coil.

Nobody is making money via Coil through YouTube. Coil just recognizes the YouTube channel as "Web Monetized" and donates accordingly.

Rough math here but $5 is about 16 hours or so? I'm thinking they're, at least in the beginning, banking on most people not actually using that and profiting from the difference. They'll also have different tiers down the road and will likely makeup a larger difference in profit there, too. It all comes down to what creators can provide and how they can design an easy to use system for them to integrate.

I think the period of unlimited donations will be a short term gig while the system is being tested in beta. My opinion is that Coil will design templates for creators to provide ad-free experiences for particular types of content. Regarding YouTube, it simply recognizes the YouTube channel and if that channel is monetized it will send payments to the payment pointer set up by the creator, and then they can send their XRP to wallets accordingly. It roughs about to about half a cent per minute.

I'm hodling out for 2023