371. Are Podcasting 2.0 Micropayments Actually Worth It?
The Audacity to Podcast® · Daniel J. Lewis
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Show Notes
Podcasting 2.0 introduced a new way for your audience to support your podcast by sending micropayments. This is usually measured by satoshis (abbreviated as "sats"), which are one hundred millionths of a Bitcoin. As such a small portion of cryptocurrency, many people might wonder whether the effort is even worth the return.
Please share this episode from your podcast app or https://theaudacitytopodcast.com/micropayments
What is a micropayment?
The legacy problem with micropayments
Podcasting 2.0's "value" feature makes micropayments possible
The community value of the "value" feature
What are Podcasting 2.0 micropayments worth?
- USD/sats converter: https://www.kraken.com/learn/satoshi-to-usd-converter
Micropayments can be easier for your audience
Micropayments allow fun creativity
Compare micropayments to CPM-based sponsorships
- Clip from Ready Player One: https://www.youtube.com/watch?v=KpPE85Jogjw
- Research on cutting in line with a reason: https://jamesclear.com/copy-machine-study
Yes, micropayments from your audience are worth it!
Want a shoutout to participate in my own value4value exchange?
Listen to The Future of Podcasting to study this further
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