FWB020

Fountain and the Value-for-Value Economy

Fountain and the Value-for-Value Economy

synopsis

Ian champions the Fountain podcasting app and Stacker News as exemplars of Bitcoin's value-for-value business model, where creators get paid directly by consumers without middlemen. The episode announces a promotion to give listeners Bitcoin for listening on Fountain, explains Lightning Network as Layer 2 infrastructure enabling these apps, and previews a future where Layer 3 apps make Bitcoin invisible to end users.

quotes

Ian: "When I actually decided to part with money, it didn't go to the creator. It went to a middleman."
Ian: "You can build Reddit without a middleman. You can build Spotify without a middleman."
Ian: "All of these alt coins are just test beds for a feature that will eventually be built on Bitcoin."
Mandana: "Typical Bitcoin, always getting rid of the middleman, which I'm good with because I just want to get closer to my man."

topics

Fountain app: Bitcoin-native podcasting with streaming satsStacker News: Bitcoin-native Reddit where likes cost satoshisValue-for-value business model vs. ad-supported/subscription modelsLightning Network as Layer 2Layer 1 (blockchain) → Layer 2 (Lightning) → Layer 3 (invisible Bitcoin) frameworkGetting people "off zero" (their first satoshis)Anti-spam economics: adding any cost deters trollsBitcoin-powered email (pay-to-contact concept)Removing middlemen (Spotify, YouTube, Google)
published
June 28, 2022
full show notes
open