On this episode of CoinGeek Discussions, BSV blockchain entrepreneurs Jay and Rae discussed the evolution of Real World Podcasts and its rebranding to Gibeo, YouTuber Craig Mason discussed Bitcoin for content creators, and hosts Zachary Weiner and Alex Vidal gave a rundown of what’s happening across the industry.
Gibeo, podcasts on Bitcoin, and potential for live-streaming
BSV blockchain entrepreneurs Jay and Rae announced Real World Podcasts on the CoinGeek Weekly Livestream a while back. It has now been rebranded to Gibeo, but it’s still aiming to tackle the same problems with YouTube and other large video platforms. What are those problems? Censorship and monetization, among others.
Jay says they set it up to demonstrate that it can be done. They both have jobs and aren’t depending on earning income from the platform right away. Now that it has been demonstrated to work, they’re looking at building new features for content creators and users.
Are the videos on the BSV blockchain itself? Not right now. Jay says it’s too expensive to be viable, but that will be a priority in time. As things stand, the BSV blockchain is used primarily for monetization through micropayments.
Craig Mason on Bitcoin for content creators
Mason recently appeared on the CoinGeek Weekly Livestream. He’s a well-known and somewhat controversial podcaster who is all too familiar with YouTube’s censorship and demonetization of content it doesn’t like. He says this extends to Rumble and any platform relying on the ad-based model.
Mason says Bitcoin has undergone a reset, and an increasing number of people are beginning to understand it. There’s a perception that BSV is failing because of its token price, but in the long run, it’s extremely useful.
As a content creator, Mason sees the value in peer-to-peer interactions and the small, casual transactions Bitcoin enables. These small transactions make spending a few pennies to access or like content possible and worthwhile, whereas doing so with a credit card would be burdensome and expensive. Right now, the minimum spend on Gibeo is five cents.
“I don’t see Bitcoin going away,” he says, stating that even though it was released back in 2009, we’re still at the very beginning. No other UTXO blockchain can compete on scalability or what can be built on it.
Jay thinks that, in the future, there will be many platforms like Gibeo, and they’ll all be interoperable. He has noticed people are talking about the block size again, and it’s time for BSVers to be less timid and to flex, showing others what can be done on the original Bitcoin. He recommends we avoid discussing whether Dr. Craig Wright is Satoshi Nakamoto and stay focused on the blockchain and its capabilities.
Looking at the economics of a platform like Gibeo for a moment, Mason does some back-of-the-envelope math. While a creator might get $20 for a YouTube video with 5,000 views, the same video would net them $250 at five cents per view on Gibeo. Add to this being able to monetize by selling NFTs and merchandise, and it is very attractive to creators like him.
Platforms like Gibeo and Twetch matter a lot, Mason says, and they perfectly showcase the power of the original Bitcoin. The idea will catch on and spread as people see their friends making money on these platforms.
Zachary Weiner on locking Bitcoins to promote content and the spread of ChampionsTCG
Weiner says he has noticed the content being amplified on X and other platforms in recent weeks is very different from what people are locking coins to amplify on Bitcoin apps like HODlocker.com. He wonders if Bitcoin could solve the amplification of the sort of ‘triggering’ content platforms like X optimize for. Mason thinks this is interesting, but he wonders if this is down to the type of content people in the BSV blockchain right now are interested in.
Picking up on Mason’s earlier comment that people will see their friends using Bitcoin and will join in, Weiner has noticed this is already happening with Champions TCG. With this game, people don’t even know they’re using Bitcoin and don’t need to; they just enjoy the game.
On the Champions TCG point, Mason agrees and says several of his family members have played the game. He compliments the creators, saying it’s great to see a company finally focusing on what players want.
The Atomicals protocol
The discussion then shifts to the new Atomicals protocol. Weiner points out that it isn’t exactly brand new—it has been out for a few weeks. Several sites already interact with it, and it could run on BTC or BSV, but it is running on BTC already. It rethinks how NFTs are grouped and competes with Ordinals and other protocols.
Vidal highlights that the Atomicals protocol claims to be the simplest, most powerful way to create digital objects on Bitcoin. It’s for creating, minting, and transferring digital objects on UTXO blockchains, so it could technically extend to blockchains like DOGE. Its main aim is to track the chain of digital ownership based on a few simple rules.
To hear more about the SBF trial, the feasibility of livestreams on the BSV blockchain, the return of the Satoshi account on X, and more, check out the conversation via this link.
Watch: LaMint allows content moderators to monetize with micropayments
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