
podcasting 2.0 for June 28 2024, episode 184 donor bone haha Hey, hello. It's time once again for podcasting 2.0 And we're back on a Friday. Thanks for joining us on the last episode, which was Saturday, everybody's here in the boardroom we are ready to go. We are of course the only boardroom that won't talk about the debate last night. I'm Adam curry here in the heart of the Texas Hill Country and Alabama. The man who was three feet of pure Thunderbolt for under 75
bucks. Ladies say hello to my friend on the other end, the one and only Mr. Dave Jones

called me right in the middle of taking my shoes off.

I wonder what that was? Oh, there it is. Yes, yes. Yes.

All right. I'm good. I'm set now. Hey, David, how

are you? I know. Are you on summer schedule? Do you have to go back? Are you on lunchtime or what? Are you good?

I'm free. I'm free. You free? Free, beautiful and free of all time constraints.

It's been. It's been one of those nights free of time. That's right. Yes. No, I am. I was actually. Okay. Let me work backwards. I was invited to appear on the media roundtable with Dan Granger. Oh, really? Yeah. Which is a high Bobby. Yeah. Which is not on the meat. Not on the on the roundtable roundtable. But the podcast. Yeah. But on the individual. Hi, Baba. My dog just came back from the from the groomer. She's always nice. Smells nice. Smell good, y'all. Yeah, toes are
good. Hey, fevers, good girl. And, of course, you know, it's like the timing of that was difficult. There's time zones involved. I think he's in California. So we decided and I and he called me, like, couple of weeks ago, I said, Are you sure you want me on this podcast with?

You? Seems like a terrible idea. It

was an intro from James actually. I'm like, Okay, from James crema. You really want me on this? But yeah, definitely. And Tina this morning, we're saying Does he know you? Does he

feel like there's a like he thinks that you're Adam Carolla. No,

no, he knows he knew exactly who I was. And now we only had an hour. And I knew that there's you can't do anything in an hour. Like, because I got a show. I have a, I actually said I have a hard stop at 12. So of course, knowing that I would have to let it go to 1215. We had, I would say we had a great conversation. And we have to do really we have to do more episodes. Oh, yeah, he's a radio guy. He comes from selling local radio spots. So he you know, we do have a lot of
touch points. But as it always is amazing to me. How many people want to hear the story? Well, that's half your podcast. And I was like, well, story of, of podcasts, that story of Adam curry. Oh, which, of course is riveting. I understand.

I read it quite often. And

you know, I always try to give a different twist to it and everything. But he's got a very professional outfit, you know, people organizing, or there's all really good. But we do have to do more, because I barely scratched the surface of 2.0.

What was the overall what why did he want you on the show? Well,

you know, because I have a differing opinion about the podcast industrial complex, but he made the mistake. Or, you know, he says, well, it's unique. We're doing this today, let's talk about the debate. I'm like, Ah,

that's that's like,

that's hours. 18 minutes, you know, it's like it, but it's okay. Because, you know, we actually didn't disagree much, but we're not going to talk about that here. Because it's like, I don't want to thank you. Now, I don't want to talk about that. And of course, this week has been interesting, because Tuesday, I had to go in for a bone graft to fix some stuff. Yes, some grillwork. Yeah, yeah, that was kind of interesting. Have you ever had it where? Because, you
know, I'm, I'm friends with a periodontist. And, and we are joking. We also fly together in his plane. We also joke around a lot, you know, is it because you know, you like you like get the Lidocaine and he's like, I'm sorry. So you're not sorry. Stop saying that. It's a lie. It's fake news. So now he's he does a sorry, sorry, not sorry. Not sorry. Not sorry. Javid it is so but I'm really good. I mean, I actually is strange say it I
have fun when I go to these procedures. But then, you know, he's poking around because we've had to take off a bridge and then you know, get this this donor bone in and well Whoa, whoa, donor bone. Oh, yeah. No, no, no, this

what is this?

Oh, no, I mean, I've had all the other work I had done is it's the graft bone into onto your bone and it's bone that's been donated, and this week there's a big sale on Hamas bone. So I'm sorry I'm the worst. I know I'm horrible.

Granger regrets ever asking you to come on his show? Number one can donor bone the the name of the title?

Yes, that's very good. Yes.

And we I mean and who donates these bones like well donate a bone to somebody else's mouth

well so I actually I do pray for these people because they're dead. They take the bone within 24 hours of someone dying. And then you know, put it on ice or whatever. And then there's a there's a bone bank consciences

George Washington's slave tea

Well, the previous the previous bone were convinced was Uyghur bone. So you know, I now speak Mandarin and and Akbar was working on what kind of

this is the origin of these bones? Is

it sorted? And who knows, you know, he may be trying to get me a deal like getting something that fell off the truck and I am against some cheekbone

is a bone shyster.

So but then, so before he takes off this, you know, because then he has to drilled to get to this the screws is that I mean, it's a very physical process. And it's actually quite interesting, complicated instrument is it's an erector set for sure. And if anyone if that's relevant to anyone these days, and then he's poking around, he's like, and he steps back, pulls down his mass, he says, Dude, now whenever your periodontist does that I'm like, and I'm like, what? Now? You're
freaking out? Yeah, he's like, Well, it looks like we may have significant bone loss it could have could have affected the canine, the implant may have failed. That's a 2% chance and implant fails. He said the implant may have failed, we'll have to, then we'll have to go through this whole process of taking that implant out extracting the canine we got to put in we have to ossify bone for a couple months. Were temporary, which means a whole time. I mean, I'm like, oh my god, do I really?

This is like starting over from

smaller piece. But yeah. And he says, So what do you want to do? He said, Well, baby steps. Let's get the bridge off and see how it looks. And then he takes obviously, ah, now we're good. Thanks. Thanks, bro. It's hard to tell. That's why I didn't take it off. It's all good now, but then it was like an hour of I mean, it's really physical. He's like digging around because he had to make a group. I mean, I'll spare the
details. So it's just been it's just been an interesting week to say, interesting week.

I mean, how are you in pain? How's it how's your mouth?

It only hurts when that laugh. Okay, it actually did it actually, if I really laugh broadly, but now it's not painful. And I would advise anyone to take care of your oral health because it has improved my life in so many ways. And, and I'm amazed at how much I can actually endure when it comes to pain got hearing for free got hearing for free. My

allergies want to wander in bed. Yeah, everything. Oh,

I don't know about that.

The sting of periodontal work.

There's still some work on that on that front. Yeah, and so there we are. Anyway, so it's just in so I ended late with him. And I still had to find a song for today's show. And I actually wanted to clip something which I didn't get to clip because there was this fantastic YouTube conversation of a couple of podcast now these are all black podcasters and they just go on and me the title of the YouTube is everybody in podcasting be broke. And now want to hear
this. Yeah, 60 minutes. So I got to clip it down. I'll put it in the show notes. People can do that themselves. But it was it was an interesting conversation because they're basically talking about the big change, you know, ever since you know, Spotify, basically eject it from the industry. You know, there's
no more minimum guarantees. It's a real hustle. Everybody has to wait 90 to 120 days to get paid because you're getting paid last in the chain after the agency and just what an incredible mess it is. And then YouTube they finally gave me some real numbers. Bala Thank you. 20 is blades

to help head trigger. Yeah,

let's see how see how big that baller was. blueberry, blueberry 169,691 Whoa, he's still in the room. He's blueberry enters the chat. I'm so enthralled with the weren't put forward by the crew for the upcoming satellite skirmish, lit in app Sunday 4pm Central Stephen B and Eric peopIe have transformed the split kit into something really magical. Please check it out at live is lit.com. That's an ad. It's an ad. Hey, that's

the way ads are supposed to work.

Sam Sethi he puts in 100 SATs and says sadly, I can't hear this live show on true fans pod verse or fountain? I don't know. That doesn't seem to be I haven't heard any more reports of that.

I don't hear Yeah.

Hope it works out. Anyway. Back to what was I saying? I get to got

interrupted live is lit is looking good. Oh, no, that's

already real good. That's looking real good. What was it? What was a was an AI yapping on about so whatever it is. Oh,

good. YouTube. No. Yeah. Yeah.

So it's $1 per six 600 views, which I think works out to about a buck 40 CPM.

Are you kidding? Net is horrible. And is it a is it a sliding CPM? Based on based on other criteria? Or is that just pretty much standard payoff for everyone?

Oh, hold on a second. Dave. I see. I see the problem. I see the problem. Oh, yeah. Remember, we put the we put the we use the we did use a different stream on on Saturday.

Oh, because we were interrupting somebody? Yeah. Is that other stream still in the

in the in the enclosure? Let me see. Yeah, sorry. Okay. That makes sense. Let me see. Let me just make sure this is the right stream. Yeah, that's the right one. Sorry about that. Okay, maybe if someone can let Sam know. Luckily, there's only a handful of people who listen to this. Sure. It was just really interesting to see that you know, that. They were really hustling but they really all the money was now YouTube money. Even though they have a million
downloads audio. For the same podcast, they can't make any money off of it. The whole thing is just it was it was very eye opening. very eye opening.

So what did you say the CPM was on? Like a buck? 40 for YouTube? Yeah.

I mean, if it's six, if it's $1 per 600 views 1000 views would be about a buck. 40 about? Yeah, Buck 40. Yeah. Am I saying that right? More or less?

So if you had a million bunches see? And then you

and then, of course, that has to be qualified, qualified views and the whole it's just a mess. And then an algo

miss a million views gets you 14 roughly 1400 bucks.

Yeah, exactly.

That's, that's, that's not life changing money.

Well, you gotta be pretty heavy to get a million views. But back to Dan Granger, you know, I did get to the point with him was like, with the one thing no one ever talks about? What do you what are these podcasts about? We all talk about brand safe, not brand safe. But what are they about? Who are they serving? You know, you got to just do a podcast, just do a podcast and make money. Good luck. You have something to say? Do you have an audience that you want to speak
to that you want to reach? If it's just entertainment stuff? Okay, good luck. You know, this is what I love about this podcast. This podcast is literally, for the people in the 2.0 community and others who are interested in it, then it's not even a podcast, it's a board meeting. Hello. medium medium equals board meeting

that I was reading additional stuff that paywalls this week. And I think I want to ask and ask our guest about that though. But I mean, I think you know, one of the things I read I think they just let's just speak generally here at this economy is is teetering on the edge big to me like big time

that uses a close up right in your business. You can you are there indicators? Yeah.

Well, yeah, but you know, it's more like the, the, like, the story about Walgreens this week. And you know, Walgreens is closing up to 25% of its stores. And I don't know if you saw this but um, you know what they decided was consumer they the CEO said consumers are quote stunned at prices right now.

I do not see it but I believe it Yeah, yeah.

Says Walgreens is planning to close close about 25% of its 8700 stores cut his profit outlook for the year citing worse than expected consumer spending. He said quote, we witnessed continued pressure on the US consumer our customers have become increasingly selective and
pricing sort of in their purchases? Yeah. I mean, that the one thing that was I had been reading about the other day is that, you know, retail retail spending, retail spending is is reported as just the year over year numbers are like, Okay, well, this is disappointing, because retail spending is only up 3%, quarter over quarter or whatever. But that's never inflation adjusted. If you look at the inflation adjusted retail spending, down huge is down huge. Like it's it's basically
been been flat for about three years. And before that it was down, it was down. It's this economy is way worse than than is known, and that if you just read headlines, and I'm afraid and like, I'm afraid that, you know, of course, you're not going to be able to do the payouts that you used to be if you're somebody like YouTube, and if or if you're any of these sort of siloed closed systems, or advertising based systems. You just can't, you can't do that because the spending is not
there. This is this economy is really weak in ways that we don't understand because it's being

what we're being gasless we're being gaslit a it's great Biden omics works, it's all fantastic. But I see it, I do I go to the grocery store, I shop. I said, like what you can't get out of there for under 100 bucks when you look in your basket, like what did I actually buy?

Yeah, nothing. You know, isn't isn't a you know, you get one, one grocery bag. And it's like, yeah, 80 bucks. It's insane. So I just, I think that this all fits into this all fits together. Because those CPMs if you look at you could you can look at across this the same way with CPMs and podcasting advertising. It's not this is not adjusting for inflation, that $22 CPM or $23 CPM that was paying out five years ago. It's still at $22 or $23. You're losing money every
year. You're losing money every month. You know if you're so if you're studying if you're getting because we always hear of these podcasts CPMs in the 2020 to $25 range, depending on the show.

Yeah, it's really down 30% adjusted for inflation. Yeah, because it

never that number has not moved. Yeah. So you know, and then now your downloads are down. Because of the apple podcast, the only iOS

17 apocalypse, yes, yeah. Hey, by the way, everybody, if you're listening to Apple podcast, go into your menu there and select automatic downloads and select last 10 episodes would really help us out. Hit the three dots. Three dots. That's right. You'd really help us out. We're not defrauding the advertiser at all. But

that any any of these numbers that stay static like this, you're you're losing money. This this is all that I mean. So I mean, my son he's got two jobs My daughter has two jobs because they have to because they have live random life. Yes, they have a restaurant job which pays tips which is which helps them make ends meet but their primary job is you know, that's they're still making like 14 bucks an hour. You can't live $14 an hour that is now an unsustainable wage.

Now the only people who are making 30 bucks an hour on a government jobs surprise surprise.

Oh yeah. Yeah, and people that buches

buches is doing well. There were a lot of they are so along with that comes the the fake stock market which of course is also up because it's adjusted for inflation. Hello. This is this is exactly how we're wired. Why are the prices of stocks up because they're being adjusted and that doesn't go What are we drinking?

Oh, this is a liquid death mango chainsaw. Just

gonna give you a stroke. Depressive name that's that's what the word all all these strokes and heart attacks is from energy drinks of course.

No, no, this is pure. This is only sparkling This is flavored water zero calories,

but it hasn't. It has death on the label. Dave Jones What are you thinking has depth on?

This makes it makes you want to buy it? It's like the Surgeon General's liquido Yeah,

exactly. Like you could have these lungs if you smoke these cigarettes. I think what bossom? Yes, yeah, that's been proven to work actually. So the stock market of course really being propped up or certainly the s&p 500 by Nvidia and the end the exhaust Going in spending still on AI, which has just been that it's going to crash. Or well, it's interesting because I came across an article in Ars Technica, I talked about
it on no agenda yesterday. And, and it turns out that Brian of London, did his PhD thesis on this very thing, which is and so he's going to look at it for me and tell me if it's full of crap or not. Here's the headline, Ars Technica ili Ars Technica, I think that pretty interesting articles, I think they usually spot on a lot of stuff. Researchers up end AI status quo by eliminating matrix multiplication in MLMs. Running ai ai models without float floating point matrix math could
mean far less power consumption. And so the highlight here is a new paper titled scalable Matt mall free language modeling researchers described creating a custom 2.7 billion parameter model without using Matt mol, which is the matrix multiplication that features similar performance to conventional large language models. They also demonstrate running a 1.3 billion parameter model at 23.8 tokens per second on a GPU that was accelerated by custom programmed FPGA chip that
only uses 13 watts of power. That's a lot less than this invidious stuff.

DaVita says, I know the guy who wrote that paper. And

and, and so Brian of London knows this stuff. And if this is true, this could up and in videos, high perch very quickly. Oh, yeah, for sure. Um, that would be a

funds from invidious documentation matrix multiplication, background User Guide. General matrix multiplications are a fundamental building block for many operations in neural networks. Yeah, they have a whole document on multiplication in their invidious documentation. And that

Brian of London, did his thesis on Friday, like I never said never ceases to amaze me. Very interesting.

Yeah, that could that could be that could be, it could be bad. It could be bad. Because I mean, the NVIDIA is, is, I mean, they're, they're half the market now. Nobody else is going up. Nope.

Do we want to talk at all about what we've been working on behind the scenes? Where do you feel it's too early?

I mean, we can I mean, I've got I can I can, we can demo it real quick, if anybody wants to play along. Okay.

Let me let me I'll tell and then we actually bring in our guests midway, because they can probably weigh in on this might be I think it'd be of interest to them. These rock and roll boys. So I'm gonna be honest, and I think I speak on behalf of you, Dave, Saturday's podcast board meeting was kind of a gut punch. When it comes to albies, understandable switch
away from providing custodial wallets. Whereas right now, we're kind of in this frozen state of you can't in the United States, which arguably is a market that's important that we can't create new custodial wallets for value for value payments. And as much as I do, and this of course, was flagged a while ago by the Costello Institute. Jim Julian Ainsley, hello in the Costello Institute, who, you know, they're like
this, this is not working. We can't be onboarding musicians by you know, by giving them an hour long onboarding, onboarding session, orange pilling him and then telling that need to, you know, fund a channel on their node. I mean, this is this is a non starter. And I understand and I also understand why Alby has to move this way. And from a larger perspective, stepping back it's kind of the whole Lightning Network concept falls
apart a bit on on this idea of custodial can't be done. Yeah, I mean, even even for noster zaps if you think about it, I mean, all that stuff is wallet of Satoshi you know or whatever. It's all it's all custodial wallets, except for you know, a few exceptions and Zeus is there and and the breeze wallet and there are others. But everyone else is kind of either pulled out of the market or seeing some writing on the wall and saying wow, doesn't look it looks like we're all money transmitters
now. So we kind of, you know, the only the only outfit that has both sides in a way is fountain because they have the Zebedee on the back end which has the money transmitter licenses. All right.

So they can I mean, Roy told us this. There's so many things we're going there's so many parts to this all at the same time. Because I Roy told us this a year ago, that everybody's just sort of like doing everybody's doing this and not really and just sort of hoping that to stay under the radar. Right? Because they don't. Because no, because it's never really been tested in any legal sense about money
transmission if you're if you're hosting custodial wallets. And it's understandable that that, you know, organizations like Alby in, I mean, Tim, at LNP, he said the same thing. He's like, I don't, this is too risky. I mean, I don't think he didn't think he's doing anything wrong. But But this, the regulations are just so unclear.

And not yet not even just the regulation, just the whole managing a massive node. You know, with all these accounts, and you know, when you have accounts, there's all kinds of issues, and I get it, I totally understand it. But the hope that we had placed a lot of our bets on was this LSP model, which also kind of got rug pulled. Because what came back as well, it really doesn't make sense for for micro payments, to
have an LSP. Because there's no ROI on opening up the channels for these little little bitty bits you guys are sending back and forth. But oh, okay. Well, that wasn't made clear.

That's, that's a good points. So the lightning ecosystem was promised from the beginning to be the solution to on chain difficulties. And it was it was very much positioned as the, the way that people could, like, do things like pay for your coffee, and this kind of stuff. And so that the idea there is that this was this was these were ways for crypto to be served for Bitcoin to be spent by the average person. You know, but then, if you don't, but I think we took that to mean this
was the ditch you can be saw sovereign in this way. Yeah. And that's not entirely accurate. You technically can be.

Yeah, but it's not for the every average day guy. It's not an app you install on your phone. I mean, and God bless Chad F man, he's out there. This is a dough. What do you what did Dr. Pepper baby from Waco, Texas? The original Yeah. Oh, G. God bless Chad F for you know, being on the cutting edge of Zeus and their Olympus LSP. But it's, you know, it's still it's got to run in the background on your phone and the minute that disconnects and of course, we chose KY sand for
a whole bunch of reasons. Mainly because, well, you run into the same issues with Ellen URL. I mean, you still have to have a custodial solution somewhere doing something. You know, it's not like you just have a wallet, and I'm good to go. You know, yeah, you've got stuff that is working. But in the background, it's all the same problem.

Yeah, which so what we've seen, what we were told was that lightning was going to fix all that. But what we've seen what's actually happened is lightning is Eve has evolved into a way to move funds between institutional wallets is a way it's the glue that makes things easier for the for the large players. Yes. If you have a if you have a

well if you have a Zebedee, Zebedee can actually provide that type of service. But they don't cash out but they don't do it free. You know, you can't become a Zebedee partner and just say hey, look, I got free wallets No.

So you know that it's going to be that Lightning Lightning is going to serve a role but lightning is going to serve the purpose of of decoupling treatment money transferred fun transmission from the chain for people for larger for larger institutions, like you're gonna have a Cash App wallet and now you can move Bitcoin from one place to another without having

you can move it to strike you can move it to strike or something else. Yes, exactly.

And that was going to NS was going to our or your, your, your point of sale providers like breeze does that square, you know, the they're all going to link together with lightning and that's going to be fine. But for our for our purposes. It's just a humongous barrier. Because if you have to be a money transmitter, yeah. So

chat. Chat app says in the in the chat he says you can connect the Zeus LSP to a no Oh, that's what I did 5 million sets in bound for $20. That's not going to work. I mean, this is my point in the lb guys. They're Correct. Like, hey, everybody needs one of these. Everybody needs their own wallet is a node in the cloud? Sure. But it's, it's a non starter, the minute you have to pay for it, no one's going to do it. Even the having the knowledge of a channel, and no one wants
that. That's just marketing wise, that will not work. It's hard enough to explain Satoshis blood, let alone all this other stuff. So you

got so you got to with all that in the background? You started looking into No,

no, no, no, no, no, no, no, I did what I always do. I got on my knees and fought like a man in prayer, Dave Jones.

Okay. And then it came to me what happened? God

gave me a solution, I think, okay, and introduce me, it really happens this way. Like, all of a sudden being the pops a message, like check this out. And it's this concept called E cash. And I'm going to try and explain this. It is the equivalent of a gift card where you create a gift card of any
amount. And you can then hand that to somebody else, you could physically hand it to them on a QR code, you could send this string of payment information to them on to email, you could send it through ham radio, is actually how I found out about it, believe it or not, that people using this with ham radio, and the actual settlement of said giftcard happens on on the node that it was created. And I like this, because you can create, you can use multiple funding sources. The E cash, by
the way, was mentioned in the Satoshi white paper. It's a concept that's been around for decades, it never really caught on. And a couple of guys decided to build this on top of Bitcoin, specifically lightning, but you could also use it with Fiat with with dollars and which is interesting and should be looked at. And we'll get to that. But right now we have an implementation based on the Lightning Network. And what is most interesting about it is that the flay funding source can
be offered through the strike API. Now you can also use your own lightning node so so you can, you can still use this solution in a sovereign way. But you can also use it with a strike wallet. And why is that interesting, because strike is a money transmitter. And they have all the licenses to have to facilitate people to send and receive via, via their system. So we have a reference implementation that we've put
together, it's called a mint. And what you do is you you fund your E cash wallet, and the E cash wallet is literally JavaScript. So you can spin up a million wallets as many as you want. It doesn't make any difference, it looks just like a lightning wallet. You say, Okay, I want some money in this. you fund it by sending a lightning payment, just a regular lightning payment to the mint. And then that money shows up right away in your E cash wallet in Satoshis. You could again it
could be dollars, euros, whatever. In fact, they even have $1 in your implementation.

Let me let me hit pause on you for a second that this is I need to I need to just insert here that this is a very hard thing to explain to people

told it took me two days to get to explain it to you. Yes,

it is very difficult to explain. When you first start seeing this thing and trying to explain it. It sounds the eyes glaze over and the person you're talking to is like this is not better, this is worse. But if you just hang in there, it actually is easier. You just get a hang with it from

from from a high level. You fund so you have a wallet. you fund it with a lightning payment. You can do that from any any app, you can fund it. You could fund it from strike from Cash App just it's a regular old lightning payment, no keys and nothing special. That's how you fund it. You see that? Forget what happens on the backend. You see that in your app, your your wallet, and you can pay someone and the way you pay someone is you say here's the amount, pay someone and it
gives you a string. And that string literally can be given to someone. They put it into their wallet they say receive and They receive right into their wallet. So that means you can send that through any transmission protocol you want. The beauty on the back end is it never actually leaves the funding
source. It's all there. So you're actually creating a gift card, someone's taking it, and then when they redeem it, they're going back to what's called the mint, and they redeem it there, and they can send it out to wherever they want. That's how simple it is. And the beauty is no fees. You have fees, getting it in and out, you know, regular lightning fees. But you you send one Satoshi, the person gets one Satoshi. And
there's no fee in between. It's a very, it's immediate, it's like just it's fast.

So just put a just put a link to a wall a wallet. That's the Wallet Cash you don't me. Service. It's just a it's just a demo wallet, that they that they use what this it's it makes more sense when you do it. Yeah. So the wallet, the wallet is just this is just some JavaScript is stored in your local in your browser, local storage. You get you get some seed phrases to restore to recover the wallet if you ever lose it. Standard wallet II type stuff. And then what happens is,
you can link your wallet to multiple mints. And for for testing purposes we we created a mint.

You want to post that in the in the chat.

I'm going to I'm going to do one better. I'm going to post the I'm going to post a voucher.

Oh, we're only one person who's gonna get it. Yeah, right. Yes. Whoever whoever uses that voucher first wins. Oh, boy. Oh, I'm itching to do it. I'm itching to do it. Let's see. You have to you have to decode it. Oh, you're sending more than one. You're doing multiple vouchers. No,

no, no. This is like I tried to just do one. But

we'll see how that works. Somehow we got three in the chat. Okay, well, I'll

make the extra post it on podcast index does social Well,

whoever. So whoever paste that into the received box on the cashew wallet will get the Satoshis?

Yes. Yeah. So the

code that's all one. Oh, I see that. Yeah, it's broken up. Oh, it split it up. Okay,

that's bad to meet. Yeah, you're saying too many steps. But this is what I'm saying. Hang on, hang in there. It's, it's, it's more. It's not as bad as it sounds, because the issue here is that the is you have to think about this as if it's a podcast app. The podcast app spins up a wallet just like you're going to this page. And the person who's wanting to fund that wallet, just send some funds to it from a source that they already own, like Cash App strike, whatever they they have,
they have like you already have some bitcoin somewhere. So this simplifies the onboarding process or does because you already have some funds in a trusted wallet that you are controlling. So then you since you send the some of those funds over to the wallet that's tied to the mint. So the in that wallet can be spun up by any app and the app doesn't have to have custodianship over anything, the custodian ship is at the minute. So then when, when the payment happens is just an E cash
voucher for the tokenized for the tokenized Satoshis. And that just trades back and forth instantaneously, it's all offline transactions. Then when somebody wants to take their money out the podcaster they just transfer it in a lightning payment back out to their wallet, cash out whatever strike it's, it's sort of like seeing you know, funds go into get
tokenized and go into the to the system ie the mint. And then they come out on the other end back into whatever funding you know what destination 70 So

the people get stuck at the Mint. So again, just from a high level and then I want you to go back down Dave from a high level. You open your podcast that there's a wallet, that wallet is connected to really connect it to nothing you don't have to know and you don't have to know anything. And it says would you like to fund the wallet? Yes. How many sets do you want to put in? And you So you send SATs to an it can even be an Ellen URL address or it can be Adam at podcast index dot
social actually, theoretically. They say you send that from Cash App from strike from You're a wallet of Satoshi you send it from fountain, whatever it is you send it in. From that moment on, you're good to go, there's no step three, then you're just boosting and, and, and sending SATs, as you normally would. On the receiving side, the podcasts are has a wallet, and they get
all these receives like boom, boom, boom. And then when they want to do something with that, they take it out of their wallet by sending a simple lightning payment somewhere back to Cash App, back, strike, back to fountain wherever you want to have it. And that's it. And the beauty is the custodian ship can be completely sovereign, on your own you so someone can be a funder of that and be a node, you could even do everything
from your own node. But the reason why it's a solution in this at this moment in time, is because it's all running through strike, and we're getting a business account. So and I think that this is something that hosting companies should have their own account that they're using to fund a meant for their podcasters is, you know, there's no reason why podcast apps wouldn't consider doing that. But we're happy to start it because all the money transmitting is actually being
done through strike. That's the beauty. They have the transmitter licenses. Now. Does that mean it works in Australia, I'm not sure strike in Australia, I don't know

that well. But this doesn't matter, though. Because the the mint, it's just the back. Right? You're right. The mint, the mint is tied to the mint, the mint can be funded from anywhere, it just needs a place to store this, the funds, right. And that can be either your own your own lightning node, it can be a strike wallet, it can be an Ellen bit server, it can be many, many things on the back end, it does not matter. Because what happens is when the when the funding goes
out, you spin up a wallet on the mint. And when you transfer some funds into the meant it it just all goes into a number on the back. Yeah, you know, and this is this is part of the this is part of it because the custodian ship, custodian ship. You know, it can mean two can mean two things it can mean you just possess the ability to you just possess control over the over the total balance, or do you possess control over individual accounts. And the thing is, like, right now, this is tied to
my Stripe account. This Mint is being funded by my Stripe account. That's where

that's where the trust part comes in.

Right. So all I see. All I see is a number. I have no if if 10 People made wallets on on this and put stuff in there, I would have no idea who that I have no way of knowing. That's the show the showman. E cash protocol is that everything's encrypted. I have no idea whose money belongs to who anything. It's just a big blob.

Let me explain. RPP No, no, no, not no. You only need you only need one mint. Yes, you only need you don't need not everybody has to have a mint. That's just trust, who do you trust to be your mint? That and that's

what makes it thief. That's what makes it fee free is because it's just, it's just moving numbers in a database. You know, like net now I give you like this, you know, I send you a voucher which you know I did in the in the IRC channel, I send a voucher for 100 Satoshis. To to you on the mint. Well, you're, as long as you add that mint to your wallet. You just you just get it. It's just there. Because the funds it's a promise for the redemption of funds. So So

RPP if you only trust yourself, then yes, you can use your own mint. That's the beauty of it. We all trust it Albie, that were great until I'll be there's not that we don't trust them. But they changed the rules. So you still have to if it's custodial, you still have to trust someone. So you are more than welcome to run your own Mint is actually quite simple. And you just run it as a part of your of your node that you already have.

But there's a lot of there's a lot of stuff to work out just to see if this is going to work to you know, there's a lot of stuff.

But the beauty of it is that you don't have to get you don't have to have a whole Erin URL type solution. You could you're just sending you're just sending a number, which is what Dave just did in the chat. So you can transmit that I mean, you can transmit it through any type of protocol Yeah.

Yeah, that's that's pretty good sir Spencer, he cashed a step between being noted up and a custodial lightning. Yeah, I would say that that's true. That's a good,

that's a good way of describing it.

I mean, the way that I would envision if we can get something like this to work, the way that I would envision it working, is a trust. Yeah, the is the podcasting community, and stakeholders within the podcast and community, US hosting companies, podcast apps, anybody who can, should be a part of a of the, of owning the mint. So that it's so that no one parent so that we don't have to put all of our trust in one person.
There's a, there's a mint for pod, there's a podcast mint. And everybody you know, in, in, it's held in trust by many different people who have, who have a stake in the game. And that ensures trustworthiness. And then, when everything goes into that meant, and everything comes out of that meant, there's no fees, there's none, there's none of these problems. That's the way I envision it working.

Now, the only thing I'd say I have a different vision, because that's very difficult to do, although this group could actually do it. It may also be just a good idea to have multiple mints. It's transparent. the adding of a mint is is it can be autumn automatic. And I think a lot of people would trust their app, people would trust their hosting company, or people may trust us. And you can choose or you can trust yourself. I think multiple minutes is not a bad idea. It's

not it. I just I feel like in and I don't want to get too stuck on it. But it just seems like it does seem that there has to be a trust factor. The more people involved in a single Mint is the higher it just raises the trust level, the greed, everybody's looking at, you know, because everybody's watching it everybody else's back. So because that, you know, we we can run it, you know, we could run a mint. But then then people have to trust us and

oh, what a stupid idea.

I think they do that people do trust us, but it's almost too much. I don't want to expect that out of people. You know, I'd rather have somebody a few other people that are involved who were saying, you know, yes, everything is on the up and up and nobody's going to run off with you know, with all this money to Mexico or whatever. It's just it's just that kind of thing where you're asking for trust it I feel like the trust but verify it's the verification part is when other
people are involved. Anyway, this I mean, this like lots of work to do. This is just a test. I don't know if anybody redeemed a DUI or redeemed

I think someone's that was 184 SATs was that right?

Yeah.

Someone got it.

Yeah, they did give somebody got it. I just see them I left my wallet. So I have no I had no idea who it was there's it's just all blunt. It's all because of encryption is all blinded. LSA is just now going transact chat

f the, you fund the mint by putting money into your wallet. That's literally how it so you put 1000 SATs into your wallet. You've just funded the Mint for 1000 SATs when someone redeems that they get 1000 SATs in their E cash wallet when they want to send it somewhere else. There may be a lightning fee if they send that out. But then that's how that's how it leaves. So yeah, so

if you if your wallet is tied to our mint, and you transfer 1000 sets and the balance and my strike wallet because it's tied as the backend funding source is gonna go up by 1000 SATs but I don't know that that's you because I had there's no date because of the encryption is all blinded and I don't know what's what no challenges I just see the numbers going up and down so chat

f no the mint Yes, the mint of course needs liquidity that's why it can be a node or can be strike strike as liquidity your own node would have liquidity.

But it gets its liquidity from from the back end funding source Yeah,

but the actual sending back and forth requires no liquidity because you're talking to this it's centralized you're talking to the same server which is why I like multiple mins because it's still it all shows up in your in your E cash wallet as just one amount.

The downside of multiple minutes is you have to do a min swap which involves a lightning transaction so there's just more there's just more likelihood for something to fail. Then you have to do this advantage. Yeah the I mean the min swap is Why do lightning transaction right?

Oh you mean oh if Yeah. If you if you want to send it out? Yes. So

like if the listener is on one man and the the podcaster is on a destination wallets on a different man then you You have to do a mint swap?

Right? Well, I think the idea is the payer by ie the listener, uses a mint. And that Mint is then automatically added to the podcaster. side. I understand the issue of having multiple means being a little more complicated in redeeming to send that out. But it's not something that can't be overcome. Just

I don't know, it's, it's so early days, it's just yeah,

but the main thing is what what transpired, I'm already in my head, I'm already okay, that part I see the wallet, the wallet part is great, because any podcast app can just throw in some JavaScript. Here it is, you're good to go. Literally. It's all of course, it's all open source. Here it is. The transport protocol is what is interesting to me. What do we use to send the tokens from the listener to the podcaster? Because that was always through the Lightning
Network. And now Now, there's a lot of very robust systems. So that's the next question is what what do we use that makes it easy for even apps like Casta Matic to send this payment with payment information? Thank God, we'll be rid of the TLV record Cluj. Because we'll have more room or space, options, options?

Well, I don't know. What's that? See, I mean, like, it's people need to be know, me, us. People who are so inclined need to just play with it. Because let's just all and I'm going to keep that meant running, please, please don't, you know, depend on it. Because it's, this is all very experimental. Don't put important, you know, sets in there that you're not willing to lose. But But you feel free to use it for testing. I'm gonna leave it up and running while
I'm doing testing. So, but just play, play with me. You can literally spin up Kashi wallet. And then with some with a little bit of JavaScript is not a big deal.

Yeah, we'll just go to cashew.me. And you've got a wallet right there. Boom, yeah. You can play with it right away. So you

could stick that in a progressive web app, podcast player and have all kinds of fun.

Yeah, that's another big benefit. I mean, and I'll just and then we'll bring in our guests. I'm just so in the back of my mind. I keep hearing activity pub. I don't know why.

But some payment for training and transport. Yeah. Yeah. Never transport. Yeah. Yeah, that means it's, it's it is a it is a very reasonable next step. Next place to go, I think.

And it's a huge pair of scissors. Oh, it's it's hedge shears actually.

Yeah. All

right. They've waited long enough. They waited patiently. We are very happy to have them here for the third time in the boardroom. Please say hello, from rss.com to Ben Richardson, Alberto batalla. Everybody.
Hello, hello.

Hello. Hello. Hello, gentlemen. Any, any initial responses to what you just heard?
I mean, it's complex. I have to say I was concerned when I listened to Arby's, the interview of the guys at RB in the previous episode, because I was thinking about as our company and we launched value for value in for all our podcasters exactly two years ago, July 2022. But precisely because RB was simplifying the process and dealing with the complexity in the backend, but now it's disheartening almost
seeing that the regulators are slowing down progress. And yeah, when I when I heard you, Adam offering to pre fill the wallet to hos wallet, I thought it was a great gesture, but I also thought this removes the unique value proposition of a company like Alby. Imagine they go to get to VCs, or to get a convertible note. And they say, okay, but the Walter fields by by the geyser pot podcast index, right. So it's kind of it's a bit of a catch 22 It's complex.

Yeah, yeah, I agree. I mean, this is a thing that we have to figure out. Yeah. That was a lot. That was a lot of complexity there to explain. Yeah. But it's not. This, this other way of doing things is, I think, if if if there's two questions, if it works well, and people can code to it, and I think that's very possible. And the other question is is can it be that we have a back end funding source at a regulated
entity that will play ball with us? If that's the case, because like, we're, what because the idea here is to have you know, a meant for podcasting. You people been saying the whole time, okay, we Why don't you you should have like a podcast token, you know podcast coin or whatever this kind of thing. It's exactly what this is. And nobody Yeah, nobody wants that.
But this, but this sort of is that thing. So you have you know, if you have this, if you have a mint, this this sort of a trustee of the funds in a tokenized way, it's a token, it's a bearer, it's a bearer instrument is what it is. Yeah. It's like having $1 bill. Yeah. So you have this, things go into the into this trusted meant. And if there's a regulated entity on the back this, this that, like strike, if we are able to, we're going to work on opening a business account with them, and
explaining to them what we intend to do. You know, be perfectly honest, here's, here's what we would like to do, we would like to have, you know, amant in this would be the funding source for it. If that, if they're willing to do that, to me, that solves many, many problems. Because everybody now is just, it's just instantaneous transactions, there's none of the complexity that we have to deal with, that we've had to deal with right now,

what was really interesting, and in my onboarding experience to this, you had the mint set up, I had a strike account, but I've never done anything with it. So I hooked it up to my bank account, just like you do with Venmo. And I sent $5, I literally sent $5, but I didn't send, you know, 20,000 sites, I just sent $5 And it showed up as $5 in my E cash wallet.

Yeah, that's the other thing is is this as a Ecash is a tokenizing. It tokenize as any asset so it can it can tokenize Bitcoin, USD, it anything you can send it into it, that it will create a barrier, a barrier to barrier voucher for that thing. What goes in is what comes out.

And that was really pleasurable, because there's like, Oh, $5, I get it. There wasn't Satoshis, you know, etc. In fact, strike shows that as $5, you've got to be you've got to physically tap it to make it turn into SATs.

Yeah, so, you know, we, you know, maybe if we can get if we could get something like this to work, I think it was simplified for everybody, honestly. Yeah. I think every, you know, everybody would make it would make something like what you did with Alby, Alberta and make it like child's play. Instead of having to integrate with their API and this kind of thing? It would it would really remove all that complexity from from from the coding aspect. But I don't know, it's, it's what we're pushing.

We're just pushing, I'm running with scissors. We're trying to make something happen.

Yeah,
I liked the idea of vouchers that you discuss just for meaning, if I think of ways to postpone the issue, for example, tax or compliance. A voucher is like phantom shares, right? It's an alternative approach. It could be it's based on trust, but as you said, before you trust also, whoever holds the keys to your custodial Wallet. So that could be also an option. I don't know exactly how it would play out. But a promise a voucher, you know, that could help send an email just

and what's also nice about it is you don't have to have something as online. You just receive Do you receive this voucher and you can redeem it whenever you feel is no time limit.
Yet now I'm maybe I'm overthinking but this could be an NFT for example, or similar principle. So no one called a smart contract where you have an I'm saying there is a smart contract that regulates this promise. And you can do something with what you have you can sell it you can just cash it in this resonates to me as possible use of smart contracts

that's an ad that I didn't think about because it because the because the voucher that cashew voucher is, I mean, it's fungible. So you could you could pass it along or somebody else you wouldn't even count Yeah, you didn't have to keep it necessarily. That's it Jen never thought about that. That's that's pretty cool. So what you know, you guys have been busy.

Yeah, I was gonna say now most talk about you guys.

You have been busy. That's why I wanted to have you on the shows because you're Been doing a whole bunch? And I mean, I guess number one is on the list is the lit, you know, live item tag. Y'all put that in earlier this year? And I just want you to, I mean, can you just tell me how it's going me you're having live pod AI podcasters do do live very often. How popular is that?
Okay, so I looked at the stats before hopping into this episode. And we had only in a month, only 30 episodes. But my sense is that most of them were tests. So I have to be honest there. And this means we need to educate more podcasters. So I guess they're released per se made it simple, created a simple interface to start a Live episode. But it takes also a lot of applications for podcasters to, you know, to be able to really leverage these new this new way of podcasting, if you
want, which is actually back to the old radio. It's live, you can interact, you can. It's exciting. I think we have to work on that.

When you when you spin up a live stream for someone for a live episode. Does that include a a chat mechanism? Or is that something that people have to bring themselves?
Not yet it doesn't include the chat mechanism, we we thought about the end to end process. And as usual, when we have to decide how to roll out a feature, we split it into milestones or deliverables. So we did the minimum viable implementation now where it's very easy to start the episode to schedule a start and end, but nothing else. And we thought a when we see a bit of uptake, we are going to invest more time. So not yet.

Because just as someone who's been live streaming, while recording, for we know it for 15 years, I think that the the chat is such a necessary component, I understand what you're saying about the rollout is just that, that's what really brings it alive. If you look at no agenda stream, that's, you know, that's that's not a 24 hour stream. People pop in, they grab control of the stream, the bat signal goes out through pod paying people know to open up their app
to check in, boom, they're in a chat. And you know, then all it really comes alive when you have the boost bot and all these things happening in there. It's really a it's really an essential component, I feel.

Yeah, yeah. I mean, we see that even here today, right? I mean, you guys were looking at the chat, as you talked about all these different implementations and certainly added a little bit more interest to me as I was about falling asleep out of my chair.

Oh, please. Oh, I can no blase. Oh, all right. Bernie, seriously, quiet down there.

Yeah, seriously. We hear your date, Adam. And and, you know, there you have the benefit of not only the years of experience, but you do see ahead. I mean, I think you're probably 10 years ahead of everybody else. In many aspects. That's why I'm poor.

Everybody else, everybody else off with the great ideas after 10 years and makes a billion Oh,
trust me. I've got like three notes here already on how we're gonna make tons of money off of your ideas in about eight years.

You put a reminder on your phone. Yeah, remind. Remind me 2032
We just filed the patent right now. Real time.

Yeah, that's, I think. I feel like I feel like the testing part is good, though. Because when people do it, they realize it's not as scary maybe as they is they think, yeah, I was scared. I was scared to do a live show until until Adam, you know, you brought it up and it's really not that bad. And it's you learn not to have to do it a couple of times you learn not to be well let's mistake

Let's recall the history of podcasting The reason Okay, so here's what happened. I come from radio, you walk into the studio, it's top of the hour gotta go boom, alright, you start you go, you roll you broadcast. With podcasting. We did not have the equipment, the processing, the I mean, we had musicians, mixers, but that's pretty much all that we had. So it was very complicated, you know, back in the day, before everyone knows how to do a mix minus we did the magical double
ender. So I'm going to talk to you and I think it was maybe Skype in the beginning and with the quality was so bad. that you eat everyone record each on their own side, and then you meld those two together. Then we created a whole industry where people record and then we have like these you know Phil Spector Wall of Sound people to whole new category come in and, and
they're the podcast editor. And then of course, from that we got people chopping out the herbs and the arms and the stutters and editing and for my money, completely taking the life out of a podcast. But it's was really a technical reason that we were all doing post production. And now there's enough gear out there that everybody can do with live productions is really just a mindset. But also, when you bring the listening audience in, and it's always just a studio
audience. It's always a subset, but it really brings energy into every podcast, it's amazing how much energy it brings in.

Agreed? Yeah, when does what is your? How does your CES, what are you doing? If you can reveal anything about it? Are they are you spinning up sort of live icecast type servers are on demand? How are you making that work?
Okay, so that's also possibly the current friction we are having in terms of usage, we are not dealing with that part yet. We are not. So you have to find your own. You have to, to have your own server to the interface makes it super easy. You just click go on air, but you have to schedule this live episode, you have to paste the URL of the RTMP server.

Okay, okay. So you're saying that might be some of the some of the resistance maybe because it's, it requires that extra step? Yes.
But we thought about that we thought about a chant. And really the, the, the issue is that possible is a brand new product really, you you would want for these to take off and to be used massively, a one stop shop a product where you can even record video. So your video, you have the streaming server, and you have everything behind the scenes, and you just click a button and you go on air. That's why where when we had to decide whether to launch a good decent support for late
in our UI. Or really launched a one stop shop in, in one year from now. We thought we would launch something smaller, but sooner to start, you know, educating and giving awareness providing this this tool for everyone, I have to say we we were courageous in our UI, in our opinion, because, you know, we have one big orange button in our dashboard, which said until recently, new episode. Now it's just called New when you think you have episode or Live episodes. So that's, that's our
was our, our attempt to educate users. That now is the Live episode is one of the two options. And it's a big choice for us, we never touch these very important parts of our finance. So yeah, we have a long, long way to go. But we are much better place than other hosting companies that do not offer this kind of support or don't make the UI easy. So prices are tested product market fit in the short term. And still we are going to keep building, how are

you marketing this? I mean, how can we assist? How can we help with that? How can we help people see what this is? Well,
the way we market all of our features, usually we we tend to create content obviously in our blog and knowledge base. In our knowledge base. We have for instance a very detailed but simple how to that includes this spinning up a server with a with a service that offers one hour for free. But really when we see people understanding the future is when we offer workshops, and I'm not saying you have to you know to hold a workshop, but for instance yesterday we had a workshop on value for value and
we'd fountain and it was pretty good. So workshops and these kinds of live events that then we can send as the recordings. They help a lot uptaken of features. So we didn't do anything yet because we launched it less than one month ago.

I guess just getting started. Yeah. Yes.

I think it's so important that to me live is one of the most important things about podcasting 2.0 Even if not a whole lot of people use it right now. Because it it shows that RSS can be the can be just as powerful the distribution mechanism as YouTube or anything else. Like it. Absolutely. It puts RSS on On par with, with every other proprietary platform
Brian keeps them from from capturing maybe is a better way to look at it, at least from our perspective, what we don't want is people capturing or closed companies capturing aspects of podcasting that could have been open as we moved faster. Yeah. So that's, that's one of the reasons why we definitely went after lit. I mean, we do see so much value potential in doing this, and and listen early days, you're right.
It's early days, we still have more features to roll out associated with this product, getting our MTP server definitely is going to be one of those key moments where we feel like we turn things up a little bit. And certainly in the works, I don't want to say soon, but it'll be, you know, the next step.

How is how's business in general, if you don't mind sharing? What are you seeing? Are you seeing churn? Are you seeing people, new people coming in? What What's the general overview?
Well, so I mean, we have to acknowledge that COVID was the best thing that happened to podcasting, not only us, but to the

COVID, bird flu, bird flu. Fever.
But, so definitely, that was unprecedented growth. But we I mean, the whole, the whole concept of podcasting is still, you know, in its growth phase, we're still continuing to see a lot of uptake. International, here in the US. I mean, we as a company are very happy with how we're doing, we continue to grow, we continue to do the best we can to attract
new users keep those that are around. And, yeah, I mean, certainly, it's, it's, it's good to be us, because we feel like we're doing a really good job at satisfying what demand is out there.

What do you think of some of the new medium types that we, you know, slowly, very, very slowly are starting to drip in audio books, courses, stuff like that? I don't know, if you provide for any different medium types? What are your thoughts on that?
You know, not not yet. But early on, I remember coming to Alberta in a meeting saying, Man, we just, let's do audiobooks. Those are so great. Like I love a good audio book. And so we've looked at that, having the medium tag that would designate that and allow for a better UI, I think is fantastic. Is it in our roadmap now? No, no matter how excited I get about something, I was really good at keeping the course really straight and true. But yeah,
yeah. So there was a moment in which we ban we thought we should just launch music, you know, we should just adopt and accept music as well as a format. But then, when you step back, we, we actually had the brainstorming with our product. person in our diner, we sat down. And really, it meant changing the main workflow that onboards our users prior to them, signing up for a plan. And it's, it's an important step and pass music, for instance, could have complications in different
jurisdictions, especially foreign jurisdictions. So I just, yeah, Ben was much more excited than me. Because I was already thinking about the issues. That's the problem. My problem is when Ben comes with these ideas, they are great. But then or anything, okay, I'm gonna change the funnel, or we're gonna lose users. So I let's say sometimes he's top down and bottom up so

long in the US call you a Debbie Downer Debbie
was party pooper. But
I don't I don't want anybody to get the impression that Alberto is one of those typical type of tech guys that looks for a reason not to do something. He's 100% on board and he doesn't temper my enthusiasm until he's spoken with the team until he's really gathered all the inputs. And and at least half the time, if not more, he's like, yep, doable. This is how we're going to do it. It's going to be awesome.
And he takes the reins and go so it certainly does add a large dose of reality to my sort of, you know, Field of Dreams, but he doesn't quash any dreams for sure.
Yeah, I have to say I haven't coded really for a while for a long while, because we have everyone in the team is much better than me. So, you know, but the problem of I think that I'm a builder at heart. So whatever we talk about, it's good start from this Adeje standpoint, but when he then put it down and thinks, Okay, what's the next step? That's a reality check. And that that's that layer or sometimes between Ben and I.

Yeah, there's always that tension between when you're when you're, when you're a developer or builder coder, you want to build things. But then there's a tension with is this. Is it realistic? Oh, like, what? Step two? How do we connect this to the thing that we're already doing? Like, there's all these things that temper the the excitement?

We understand that relationship day very well.

Basically, yeah. Adams, like, let's do it, you know, like,

nine times out of 10 gave goes, Okay.
What what I do, what I do is I, when this happens, I add card, a task in the backlog that now is probably is going to be completed in 2029. So I tell Ben, yeah, we put it in the backlog. We're gonna get back to

this in the backlog. Yeah. That's
how Adam ended up 10 years in the future is his backlog? That's right. Yes. Right.

Yeah. That's right. To Do List. Yes. It's the magical to do list.

I mean, I literally had a podcast network that I should have been able to sell the Spotify, but I was exactly 10 years too early.

Yeah, you're in the wrong the wrong time. Just
wait till Coca Cola and all the rest of the advertisers get ahold of your minutes idea. And they start paying listeners in Satoshis to not skip the ads. It's going to be one of those things that that'll happen. That's a very,

that's a very interesting point. What

did you think about this, I read Adweek had a thing, an article this week about Time Magazine, dropping their paywall, and this whole the whole podcasting relationship to advertising in relation to the broader market, and have been your, you know, your business guy you love economics and
business stuff. And I just wonder, like, I think what we saw with Spotify is fine with their earnings when they're finally turned profitable, was that it was very clear that they just make so much more money off subscribers, and then they do off advertising. Advertising is a very small part of their overall revenue. And, like I was reading this article about Time Magazine and dropping their paywall, and it said, this quote stuck out to me said the time model cannot be easily
replicated. It has the benefit of billionaire ownership, which provides a financial buffer that few others enjoy. It also has more than century of accrued brand equity, which has enabled it to branch into lines of business like events, franchises, and awards which draw much of their appeal from the authority of its logo. And I just thought like, because it said that ad they dropped their subscription, excuse me their pipe paywall model and we'll try to beef up advertising but
advertising is really only grown like 14%. So low, very low double digit it

didn't didn't New York Times just announced they're going to put their podcast behind a paywall.
Yeah, that was the that was in the news. Yeah, yeah,

that seems to be like a, like a dual strategy of like the daily there pay walling the archive, which nobody ever listens to anyway. And then with cereal, they're windowing. So they're doing an initial paywall for a few days and then releasing, releasing it out there. So New York Times and Times New York Times is doing sort of the opposite of what time is doing. They're going all in on their subscription. paywall stuff. Time is opening it up. And I just, it seems in
both, to ME TIME magazine seems to be able to do that. Based on the fact that like this thing said they have billionaire ownership, they really don't have to have their their business is not threatened. If they don't make if they don't make their their revenue targets. New York Times doesn't really have that luxury. So the New

York Times is a bonanza because no one's paying for news. They're paying for Wordle. Literally, it's literally it's it's it's funded by Wordle. That's how the New York everyone knows it. It's the big joke in the news business.

By no you don't do No, you don't do ad, you don't you know, you're not an advertising focused hosting company. But I mean, do you have thoughts on where that where the whole advertising model is right now? Well,
let me jump in and say that the revenue model really is or should be dictated by the cost structure. So if you're Time magazine and you have, you know, 500 Reporters across the world that you're paying salary and health benefits to you You're, you're gonna need a different cost structure revenue sort of model than, then, you know, a little podcast hosting company like us. So how they choose to pivot would have the benefit of the financial models that they can build that say,
okay, look, this is what we know we can do in the market. And this is what we know, you know, based on our best projections, this attrition rate or what have you the CPM model. And I think a lot of companies don't bother to do the math, they just kind of say, Listen, we've been around for 80 years, and, you know, revenue keeps declining, let's try something new and spice it up and go and keep our revenue model the same. And, you know,
how do we drive subscriptions? But I don't want to say that one is, is better than another, it just depends on where's the money going, once it comes in? And how fast does it go out. And each company is going to have a different sort of thing. So like the New York Times model, it's really cool in my mind that they're able to segment their buyers, and maybe squeeze a little bit more money out of people that find a lot of
benefit. And in being the first to know you know, the next episode and serial or, or go back and listen to the daily for whatever reason, they would do that. And so each each listener or each listener kind of segment is going to have different aspects and different values to the to the people creating the content. So I don't think there's a best that can be like a blanket, I think it's very unique to prove they attracted
to use their product, and out of those people prefer to pay. So some, some people may prefer to pay with their time and attention and not with their wallet. So they're going to be better for advertisers. Other people prefer not to pay with their time and attention. They prefer to pay with their wallets and get straight to the you know, the nuts. So I think there's just different segments. And it's smart as a business to look at those segments and say, How can we give them exactly
what they want? And they can give us exactly what they need to so it's a value for value model, but not in the good sense. It's, it's more than just the I'm sorry, Adam to have like blasting that term. But, you know, it is kind of like, well, how are they wanting to return the value? And for some people, it's time and attention and not, you know, subscription is

just arsis.com offer subscription solutions?
You mean, like private, private podcast? Yeah. No, we haven't gotten into I mean, it's on the roads and the backlog since backlog

is 2029. I mean, there's just no doubt that the end particularly in in the economy, which we discussed earlier, multiple subscriptions is just very, very, is gonna be very challenging, very competitive. Look at the streaming services. Yeah, it's very competitive, very hard to make it profitable.
Yeah, and people try that bundle. And it doesn't work. Typically. I mean, there's yeah, there's a lot of angst, I think. And, but But again, it goes, it goes to me anyway, it goes like to the infrastructure supporting the money making business, and sometimes those people have built out too much, they're not nimble enough to, to, you know, limit their size or to get new technologies that can allow them to do more with less, it's just, but that's what it's going to take in this economy for

sure. What I've noticed recently is we watch a lot of YouTube, and just different shows. And the the ad load on YouTube is just unbearable, it is just unbearable. Like, yeah, that they seem to be forcing. I don't know any other way to think about it, other than they seem to be forcing you to go into a subscription. Because it's, it is. I mean, when people complain about the volume of ads on radio, if you if you add up the number of ads you're seeing on a
typical 20 to 30 minute minutes of YouTube. Oh, it's It's on? It's just unwatchable. Almost. Yeah, yeah. Every time. You
added the right word, right. At the end of their day, almost. I mean, they have like, to the millisecond determined what someone's tolerance level is, and they take you right up to that limit. So that's why that's why you're still watching those YouTube videos is the but as a collective, I mean, not you in particular, but they do watch and they do understand, like, oh, this person abandoned, like, we did that too much. Let's dial
it back a little bit. And they, they're so good. I guess extracting as much as they can for their own purposes, but they extract as much as they can without losing people.

It's just it's so it's so so Dick. I mean, that's the mindset. You have to have to go do something like that is how, how much can we annoy our audience? Oh, yeah. With us, but they don't, but not so much that they leave. It's
matchmakers. Yeah. It's awful. Yeah.

But I don't want that to happen. I just said, Then I said, then the sort of like the juxtaposition of that was, my wife listens to the Dana Gould, our he's a comedian, podcast. And she sent me an episode of that she's like, here, you're like this. Some this got to do with like, the CIA and stuff. So she sent it to me. And then I asked her listen to it. And he in within the first minute, he's like, you
know, we don't do ads. per se, yeah, we're, we're, essentially value for value just goes, you know, go take out a subscription. If you think it's if you liked the show, help us out that way. We stay ad free done. It was like 15 seconds. And then you don't let us know. It's not a single ad and the rest of the show and it was glorious. And I went and immediately gave the guy money. It was like, yeah.

That's how it works. Yes. Are you guys doing music hosting at all? Or is that also in the backlog?
It's not something we're targeting? I'm sure every podcast host out there hosts music without knowing their hosting? No, it's not. I mean, again, it's on the backlog. We would love to do what you guys have done in merged, you know, value for value. And music? I think it is the future, I think it's the way to go. I think it's still early days. And for us to put resources towards it is difficult. You know, our pet
project is Mexico. And that's where our resources go. We're kind of in that sort of where can we just add dollars to see what happens that definitely like, like we mentioned before, I was so up on music. But the implementation and the kind of the day to day that takes over within the company kind of keeps us from

and remote remote items for people who want to add music to their podcast.
Yes, that that can be done sooner than later. Music also had a compliance issue, meaning for example, I'm based in Spain, you have to pay a license. So it's very unclear how to deal with it. on an international level at the moment, it's kind of, it's kind of, it's something we want to do. But because we have so many things on our plate, it's really a matter of choosing the priority of what we what we are gonna do. Like these months alone, in the past 30 days, we
launched our UI for for lead. We launched padrone full support. Nice. And yeah, and today, we launched for example, a brand new a major upgrade of our web player, so that we can show podcasting 2.0 chapters.

Tell us tell us about their full screen when
the idea was bent. So perhaps you want to first

of all, Ben, how did how did you get it out of the infamous backlog and get it into production?
Because it was easy
enough? Yes. And then it started a year ago. I mean, of course,
it was fun last year, this idea? Yeah. Yeah. So
I just really, I mean, in listening to you guys, and kind of envisioning what, what Todd Cochran called Super chapters, I could just envision so much more information. December dissemination via these chapters. And so I was talking about the look, listen, we've we've got to be the, the, we've got to have a player that can do what we know that super chapters
can do. And so getting those in there, and making it so it can be like a slideshow, it can be like, a good storytelling, it can, I mean, the number of comedy skits that, you know, rely on one image or two images are pretty, you know, large and so, I mean, that just, there's so many possibilities, and it was just taking so long, I'm like, oh, better, let's just let's implement this. We've got to eat our own dog food. The way that we do this is with improving the embedded player.
So yeah, just released today. So tell

me about because of course, I think it was Daniel J. Lewis, who coined the term super chapters and it may mean different things to different people. What is super chapters two, you
know, so yeah, they're the podcasting 2.0 chapters. I mean, just in putting it in a term and maybe it was down Jay, listen, not Todd. I give Todd a lot of credit for stuff that he probably never said or did like the guru, so
I want to give you a Latin Latin class super top in my opinion, but I call When I saw the term super chapter being used in different contexts, like Superman, like, you know, great chapters are, but really super comes from Latin, which means above. And the super chapters for me, defines podcasting 2.0 chapters in in that they are a JSON file that is on top of the audio and is not embedded in the audio, which gives a lot of advantages. You don't have to update the audio file. Audio
files are lighter compared to the ID three. So super charter in my own definition is from Latin above the chapter. Okay,

that's I'll take it. I like it. I like it. Daniel J. Lewis won't like it. And Todd Cochran is scratching his head altogether. Like what how did I get into this?

What it Where's an exempt? I'm trying to find an example. What how do you find the play The

Super chapters? The play the web player? You

mean the player? Yeah, yeah, I

won't. Because you have to have a podcast you can get started for free. No credit card required.

Where's the like?
Better has a he's got an example podcast that we can say, Well, we,
yes, we create. We bought a domain. It's called podcasting. innovation.com It redirects to a podcast, we host that we just launched very short episodes that we are gonna use to illustrate the possibilities of podcasting, and mainly podcasting 2.0 features, so we just launched it. So in tune to help our users understand really what it means. So yes, if you go to podcasting innovation.com first episode, you can just play
fullscreen. Okay, I'm looking at Finnish shines with desktop, whereas in mobile phones, the experience is closer to modern podcast apps. Yes. But in desktop, you have a clickable link so you can use it in many ways. It's just a way hopefully, we even we would see an uptick in the use of podcasts. intrapreneur chapters, that's our main goal. And

I've been encouraged by, you know, podcast apps, like pocket casting in adopting, getting getting on board with adopting some of these, you know, some of the features because, you know, when, I mean, we gotta be honest, when when a big one a big podcast app with that many users, when they put the feature in it just like, right, they lifts all boats. So it's a big, it's a big deal has been very encouraging to see that in a city like for them supporting chapters, and pod
paying. And, you know, they've been talking about value for value for a long time and then putting that in place. I mean, that's it. I feel like it's just going to make every it's just going to make these things sort of standard so they're not there they're not considered experimental anymore because they're really not I mean, we're some of these features are four years on and they're just they're just solid now this is not beta stuff.

This looks nice guys. I'm looking at the the full screen web player that's really pretty. It looks really pretty. Yeah,

it does look like a slight it does look like a PowerPoint like a slideshow. Yeah, and
I can work first iteration. Yeah, I was gonna say the first iteration it just wasn't enough slides. I'm like I need more I need more images more chapters more and more chapter in they humored me in Alberta of course agreed that it just it needed to really kind of fly they

put some animated GIFs in there man

step up your your draft Scott

goes crazy with that stuff. He's putting animated GIFs in his stuff is flying around.
I do love I do love the awesome art changed when I listen here on on the podcast. Food I use these a pod verse is he's a nowadays but yeah, it's

okay. Well, let's do an awesome change as we take a little display song. Yeah. All right now remember everybody use a modern podcast app to boost the artists so that they feel the love let them know that you heard it on podcasting. 2.0 pulled this one out of the value verse. This is Tim Asch had to let you go on podcasting 2.0
started out just like the fairy tales and movies always said it should everything was picture perfect no deny in everything was good. But the winds of change blew in the doubt crept in again. In the
seeds love Jesus. Had to lead you and lead you I'll let you go crazy how old memories can feel just like they happened yesterday and our soul can take you back just some words in the middle of the night even when the attorney you know that solid just falls down doesn't matter reinvents faster horses I had to let you story phase two there's no going back for the world you have to let you go to let you

go think he should probably let that go. Let her go screaming out for I don't know what that was. She
was upset because he let her go. Yeah.

I didn't. I didn't hear you come in with the saxophone on the second call. Yeah,

really was out.
You know, I thought about that. I'm not home. I am in the office. I thought if I were home, I would just play something and see if Adam and Dave just you know, my channel. I next time. Hey, if

you play something, we're playing it on the show. Guaranteed. Guaranteed. We know you got recordings we know you got it there. We know you have it all bets. Oh, come on. Come on. Man. I
have an EP from the early 2000s.

Was this not been known?

Good value block, put it on a fee. Come on.
To my old band by now. They're still they're still around, but they are in Italy now. Oh,

I think you would go to the top of the podcast index Top Top.

Top charts. Be right at the top for sure. The Duke sees

the Duke silver of hosting companies so that I think I think, I don't know. I think we're in a we're in an interesting point. We're trying to get some of these tags, you know, sort of over the finish line with with with phase seven. So this is phase seven has been sort of like it's been really complicated for me trying to write a lot of this stuff up because it's it's confusing. And I've had to get back and forth and that kind of thing. But I feel like you know, we said
early on a lot of the easy stuff was was just what it is. I mean, it's easy. All that stuff came quick. And now we're at the more the more complicated stuff where we're things are just not as they don't happen as fast. Do you have any like Alberto, do you have any any tags or any features that you're really itching, itching to see put into the to be official
So, sorry, to pay seven, we're talking about polisher and chat. I guess you're

just anything. I mean, like, do you have anything that you're that you're really waiting on? Or, you know, a really excited about that you do you think is not going fast enough?
Well, I I in my in my case, personally, it's something we didn't discuss directly with, with Ben. But the alternate enclosure is something that's been there forever. It's not phase seven, but I think is not used enough. And one thing that intrigues me is the possibility of having lower quality files used by phones, which have Kayo s and Paudel. P, we bought a Kayo s phone with with Ben and try to understand these emerging
markets or more rural area worldwide. And and this is something that's very interesting for me, because it looks like a low hanging fruit. And we don't even support it yet. We told Sam, we would support it. So we have to we committed, but but really, so if you asked me all the tags, ultimate enclosure is great. And I can imagine scenarios and use cases where there are multiple languages. You know, besides
having lower quality or Yes, lower quality lower sides. So it's less data transfer, I can see multiple scenarios, it looks to me such a low hanging fruit or boosts files. So I think that's where we should go next. So

the pot LP player is really great. I've had contact with the dev before. And I have somewhere still have my flip phone that has pot LP, I would say the alternate enclosure and maybe this is just something we can we can end on is there's a lot of confusion about YouTube URLs being used in the alternate enclosure? Any anybody want to tackle that one?

Well, yeah, this is this is interesting out there, too. Because you you, you guys, if I'm not mistaken, you allow Auto Upload into YouTube. So you would have you would have that code there to be able to pull that out and put into an alternative enclosure.
Absolutely. So I had this conversation with Sam, Sam Sethi a couple of times really

long emails, probably very, very long email.
Does he also write long emails to you? Okay, okay, because I told Sam I don't reply because I need them to reply with a loom video or withstanding it's too many things. And, you know, now Gmail, with the threat is not so easy to replace paragraph by paragraph like in the past. So it's a joke, but it's true. It is. They're very good, though.

We love you. We love Sam, we love ya
know, we do we do.

We love his books.
So on the one hand, I love what true fans is doing. I am a user of true friends. On the other hand, sometimes, too, I love what Sam is doing. And I love that sometimes it doesn't wait, and it just push it out and see what happens. And this was the case for ultimate enclosure with the URL that doesn't have really a MIME type. And that's something I brought up. I mean, if that's implementation, we can build it
in in one hour. Right. But the whole point was was, you know, a, this is not semantically correct, if you think in strict terms, and that's what confuses me, sometimes I'm thinking is it better to break up with the rules at this stage, or to just try to stick to, to the, with the specs, because we are in early stage. And so we should figure out a way to, you know,
to prove your specs before it's too late. Another example, I just bring it up the live the live item tag, you have the length in there, because the live item tag uses the economical enclosure tag, it makes a lot of sense. I get it, but it doesn't make sense to have that attribute in there. You don't want the length because you didn't know the duration specifically, but you have to do it, you add it otherwise, you know, if you don't added length, it doesn't
validate the RSS feed. We had this conversation in Macedon. And really people are putting 123 We're putting I'm putting I mean, I talked to you, our engineers, let's put 2018 It was our funding years. It just doesn't make sense. You know? So on the one hand, it's okay to put YouTube URLs, but these are not an include. These are not a no they are a media file. They are URL so it's kind of a hack. So I wonder if so that's where
I'm torn. That's why I'm saying I appreciate a lot, but I'm afraid we already deviate from the standards before even having them At ASCII,

was it's not because the YouTube embed is under Todd has been on a mission about this. And I, and I get it, I just haven't really haven't been able to focus on that very much, because these are the things. But I think that can't. So the question is, is it just a Content link? Or is it a, an alternative closure, if you're, if you're talking about the YouTube embed code, and to me, it's more than just a link. It's not just a link it's intended, it's there in the feed, to be
intended to be ingested by the podcast app in some way. So it's more than just a link. But then also, it's not enough to be considered an enclosure. So it's really, it's really, I feel like it is appropriate for it to be an alternate enclosure. But as long as we have, but we may need to make make a modification to the spec, to say that these that alternate enclosure can be this
other sort of thing. It can be something, something where you can say okay, here, here's an alternative enclosure, which is a web a URI, pointing to a thing, that you as the app are gonna have to go get an interpret somehow, to do something special with it. Like I feel like that fits within alternate enclosure. But it's not just simply a MIME type issue, because it is a different sort of animal where you're having, you're saying, okay, the app is going to have to go and
decode this thing into some other thing. I mean, that's the only way it makes sense to me, it's still it's not because it's more than just a link.
I have not but one thing there is that then Sam Sethi did it be the right thing? Because he prompted this conversation by by kind of not breaking the rules, but kind of, and I think so we can say that whoever dares and try something
different within the community. And he's open about that, maybe maybe that's a good thing to do. Maybe it's, you know, it starts this process, because I agree with you that we should absolutely succinate somehow that tag so that we take into account the YouTube user user case.

I think we can just I think we can just tweak the specs a little bit. And Nathan already has a proposal in there to to enhance the content link spec. And I think that's also valid, because you could see it as a link as well. I don't really care which way it goes. But I think you're I think you're right. I think between Todd and Sam, having the conversation is important, because it's not. We are we're probably going to run into stuff like this in the future as well.
You know, and I know like y'all, because I'm sure you would, if you had a way forward, you would probably since you already know the are the YouTube ingestion, you would you know, y'all would put it in there, but it's just you absolutely know what to put in there.

Shall we? Thanks for people.

Oh, yeah, sure. There were there. Yes. Yeah, we're

our 148. Oh, wow. Okay. Whoa, time flies when you're with good friends. Hands Across the border friends in Mexico. Where are you in Mexico? No, you're in Spain, aren't you? Yeah, Roberto. Where are you again in
Barcelona.

My daughter is in Barcelona right now. I didn't know. Yeah. If
she needs any recommendations or anything. Just drop a line. Well, thank

you. That's highly or like a bad signal. She's in trouble. She's in jail. We get her out. Absolutely. I would. I love you, brother. Thank you.
We're doing a team meeting in Barcelona and a few weeks. Maybe she can join the team.
Around in two weeks. No,

no, she's only staying for five days. She said serrulata familia today. Very nice. Which is just so you know, they're finishing that thing.
Yeah, it's I mean, I was there. I went with my pardons really? Two months ago because I hadn't hadn't gone since 2003. There. And it's actually done. Yeah, I

know. Some viewers seen this. Dave. Shakira familia know what is that? That's the big church slash almost cathedral that Gaudi started the artists Gaudi and Oh, my you've got to look it up. It's, it's amazing. I went there with oh

my gosh, I'm looking at the goodness. I'm looking at the photographs. How long

have they been building it? Oberto was like 400 years?
Nah, but since the 60s, something like that. I thought it was much longer

than that. No,
God, Gowdy is pretty recent.
Actually, before maybe it's the 30s The 40s I'm bad because I was there two months ago with the audio guide, and then listen to the whole thing and I already don't remember If I guess in the 60s Gaudi died, and he died under a bus I didn't know Yeah, no, he didn't die. He got hit by a bus. It's crazy.

Way to go, but even what's the what's that little village that he built? I went to see that two. What's it called the park? Well, man, it's amazing. His architecture was just phenomenal. Really, it's really cool. And I was also at the familiar cigarette, the Sagrada Familia in 2008 2020. But I was there. I was in 2002. Where Don't
you see just two years ago you said you

know, last year I was in seat Yes. Yeah. Last year we went to
Yeah, and it didn't go to Sagrada Familia. No, we did. We did we did and

that's what I said we did. We also went to familia Taurus I don't remember much after that. By
having cantina to drink wine we could when

we went Yes, we went to the cantina. You remind me the song Speedy Gonzales
muy muy prosody.

That's good. It's good. No, it's beautiful. Barcelona is beautiful. I recommend anybody if you can go to Barcelona, Barcelona. It's beautiful. Let's thank a few boosters. We have blueberry 6969 Blueberry says the next steps for gifs involves building miniature live action sets that are boost reactive film that then impose GIF puppets over the top of the set like knit the rat does. One part lit podcasting one part Southpark styled animations one part Wayne's
World. Whoa, send me a link to see that. Deal with this is some crazy work. This is when you unleash it on people. This is what happens. I got to check out what Nick the rat is doing. br Since 1000 SATs hook tie says this right slipped it in there. You guys don't know what that is, but it's a viral sensation. Call McCormick 20 to 22 Row ducks these board meetings are powerful go podcasting we will spurious Tom spurious, Tom. Do we know spurious, Tom?

I've never seen that. Well spurious, Tom.

Welcome to the family 777. That's what hit the harp earlier long, loving the live podcast he says 1000 SATs from Sam Sethi. I guess he figured out how to refresh and got our live stream. He says this is regarding e cash. We are doing something similar in true fans with virtual wallets and the W three C web payment standard. They're gonna go look at that now.

Web payment is the mean like web monetization.

Obviously, he's got a URL, which is W three.org/payments/w G and let's see what this is. Forbidden. Why am I seeing this? Your access to the site was blocked by wordfence.

Let's go okay. With payments overview.

I got I got caught while I'm here to see if I do around here. Here we go. Web Payments. March 2020. The working group working group.

Okay, so it's not a actual standard and

not yet they're working on. Okay. Back to our boost. Chris, Chris last Chris LA's 10,000 10,000 SATs. Peg. Yes. Very stoked. You guys are looking into this Ecash stuff. I've been thinking for months. This could be a better experience for listeners and podcasters definitely down to help test this with the Jupiter broadcasting show. Ah, he says that should be shows probably. Definitely Chris. Well, that's the beauty of the value block is you can put any kind of payment
mechanism in there. So I guess we just add it and it says hey, this we just have to figure out how to transport it but I'm glad you're all in buddy. I'm glad you're in we need we need that help. Now Jean Everett 3333 He says E cash is trash unfortunately. So there's the other side of the coin. He doesn't say why but I'd love to know why it's trash. So
it rhymes and so

clearly with is 1776 from salty crayon how the board room you know the economy is trash when Hooters has close to has to close 333 locations. Magic number good thing. My note is running 24/7 The sweet sound of Satoshis thanks to our producers in the 2.0 verse go podcast thing. Nope. Then we have that 169 691 From blueberry and I will mention again. It's
the satellite skirmish. It's lit in the app on Sunday at four central Stephen B and Eric peopIe have transformed the split kit into something magical check Get out at live is lit.com and then 100 SATs from Sam just let us know we couldn't hear the show, but we fixed that. Let me see 100 SATs from Nunya business who just says Hey, back at you, Jeremy. 15 333 ITM? Oh, that's where we're sorry. But you have skipped over that one. And then I'm at the delimiter. No,

like, we don't have we have zero pay pals for the week.

Value for value, everybody.
The biggest mistake you guys made was saying how much you had in the bank I'll bet on are like, Well, okay, they're well enough funded. We don't need to send anything in.

transparency for the loss? Yes.
Yeah. But we'll fund your trips. I mean, you guys go meet up giving it back rubs on the beach. We'll fund that.

says, Yeah, we the point of point of note, be less transparent. Okay, gotcha.

How much? How much are we paying a month? Dave? To

the hosting?

Yeah. What are

our total costs? 720.

It's about 120. About 1200 bucks a month? I'd say with the voltage node.

Yeah. 720 for the for the Linode is 150 for the voltage.

So we'll be out of money. Two years. All right. Keep it up, guys. Keep it up.
We'll be sure to Don't.

Don't send us any value. I understand. That's right. Maybe we just shouldn't do the show. Just write it out. Dave. Write it out. Write it out. Write it out. Yes. I'm sad. No problem.

As somebody did send us something. Hey, citizens and as 6969 Please, Adams new album plus plus, we need this.

I don't think so. By the way, it turns out that song was 100% Ai.

No, that's Is it for real? Yeah. Yeah.

That was for real. But it was it was all AI from Richard Moses.

greaser greaser. Yeah, he was

all God about being played on the on the podcast.

Well, if, if if you're going to release your album, then Alberta has to release his app. It's only fair. Okay. I want to I want to boost Alberto's album, I'm just saying that's that would be a highlight of my week.

Why they've got enough money. They don't need to boost them for any

money. Take it back. There's women,

women and money over there. Yeah. They're doing just what split they don't need to split. They don't need to be

caring for the minimalist podcast, satchel Richards. 1111. He says, hit me up with that fat pipe. Okay, done. Let's see who we get this, we get the delimiter from last week. Oh, I messed up because? Because I had we were Saturday last week. Oh, what was the date from what was last Saturday?

The 22nd. Second was that 22nd? Okay. By the way, you guys didn't send me a wallet to put in the split.
Oh, we forgot. It's okay. No, no, no, I want

you to feel good. I want to feel good about us sending your money. Keeping

burning coals on your head is what it is. There you go.

Yes, we will. That's exactly how it works. The

22nd was Saturday, how am I gonna get through this 20th area 23rd Auto open a channel. But I still have concerns about what happens when the node receives more than the opening 50,000 sets. This is from user 34908002. Okay 2100 sets. He says I don't want a payment to fail. If say trips, got booths and artists 100,000 sets for a killer song, we would also need to be sure that there's auto increase on the
channel balance when the payments start coming in. We see payments fail for many reasons for artists and that is not a good experience. See this. He's right. And this is or he or she is right. And this is the reason why I think a mint model makes a lot of sense. So yeah, just have to make sure that you have plenty of funding on the back end. I mean, like that's, well,

if as long as someone funds as long as you don't touch the funds, the funding is always there. Right?

So you just oh you're just doing is making you're no longer doing channel management. You're just making sure the number is is sufficient. Anyway, the SC chat F 3333 through fountain he says My biggest takeaway from from this meeting last week show was ROI. This stuff isn't free to run and it's not free to operate.

It's true. That's right. Tried to fix it, trying to fix it.

Gee nonnamous 1700 SAS through fountain he says hub liquidity. I'm greasing the skids a bit at a time Thank you, from anonymous 5000 SAS through pod verse says sounds unavoidable that making V for V caveman easy will require some sort of KYC. If so, should we focus less on the Alby LSP stuff, and instead have podcast apps try integrating with
lightning enabled exchanges like river or cash app. It feels like we're letting self sovereign goals get in the way of onboarding listeners, it was drinkers not moonshiners who ended prohibition.

Good points. And this this solution that we're looking at actually does both you can be sovereign or you can be custodial.

Yeah, and book in the lightning side of things is not going away. I mean, it's always going to be there. It's just whatever the podcast or wants to do. That's just the way that works. I mean, the the lightning podcast value block will continue to function just like it always has, if that's what people want. boomy for from malby 51 understands this channels opening or the KYC process for the self sovereign person. Yeah, I think we read that one live. Give us a brown
of London. Ancient computers ranged in the long caves deep in the bowels of the planet take away the dark millennia and the ages hang heavy on their dusty database Google's polling computers that's it we read I think we read that one too. Yeah. But that's on the date on this is the 23rd How's that impossible

he's in a different timezone. This is from the source Yes, it's from the from the Holy Land.

Yeah, this is getting confusing me. Pod home 8000 SATs through podcasts guru says Hey, guys, so for medium equals course an audio book, just tell apps what it is so that the apps can for instance, display episodes oldest to newest if that's not set in the feed and maybe change episode to
lecture and so on? Yeah, I think it would be great to set some guidelines for mediums and namespace spec just to help apps interpret them the same so I think he's right because we were talking about what this course do I

think we talked about that we just need more examples right? Which we have we said he has the one example Yeah, we have one example already Yeah. So the leader

like with our says like with what y'all are doing with our with the embedded chapters in the player? What you sort of like a presentation style. I could see that I mean, I can see that player being a sort of like course experience

Yeah, yeah. Where he watched Yeah, very much so

yeah, like good luck when those online academy type things that would be that would be pretty rockin once told Kyle 2222 through podcasts good graces missed you guys glad you're ready to ride the lightning again. Pot berry pot home came through 6100 SATs again he says also my audio courses are free courses an audio books can be paid products true fans of course has a feature for that

as good true fans as it has implemented everything. Yeah,

they have a feature for everything.
Sam just put on LinkedIn that they support live events 20 minutes ago.

Oh, that's another thing we got to we got to look at.

Oh, this see live events

with owning ticket tickets. Yeah. Ticketing.

Comic Strip blogger UPS delimiter. Comic Strip blogger 25,000. Sets the fountain says, Edie fellow meat bags animal

meat bags.

Singularity is Near. So I'm launching soon weekly comic strip about AI singularity at WWW dot singularity dot Express. But in meantime, I invite your audience to visit my daily cartoons at WWW dot CSV dot lol. Yo CSV.

Thank you CSB. I'm glad I'm glad you were here. I'm always smiling when he shows up. Always lovely. Monthly,

and that's from that's from Oh, yeah, we got some let's see. We got we got Jordan Dunnville $10 Thank you, Jordan. Michael Kimmerer $5.33 Dred Scott, Bruce Wayne is podcasting. $15 and Patreon gone calvess $5. Well,

Dave, I think we should just empty out the bank account and I should go on a little vacation. Go look at that. Yeah, go look at Yeah,
so So I took advantage of the little interlude here and we smashed that like button on the podcast index.org In donation.

Day we shamed him into a beautiful, beautiful, beautiful red.

I'm checking I'm checking it. Lucas. Adam.

Oh, yes. Dave.

Been in Alberta from rss.com Send us $1,200 Wow.
20 is Blaze. Oh man, Paul. Oh, you should have told us you should have told us that the monthly expenses was 20,000.

We're dying over here. We're kidding. We're getting to a

reminder that Adam and Dave take nothing out of out of this furniture. We leave everything on the note everything the bank account and we appreciate your support monetarily, but also just You're the you're in the game that you're doing it you're it's always a delight to have you guys on even though Roberto is a, you know, a tech guy. He's very, very sunshiny. He's always he's always always upbeat, always exciting. You guys are great. You really are. And, and
I hope I keep sending enough customers your way. I try and say yeah, try and send you the big guys. One other thing. I'm sorry. Yeah, Adam.
Sorry. Just anytime anybody from the Austin area comes into the podcast transfer portal. I tell them it's direct from you. I don't ever confirm that with you. But I always tell the team Hey, VIP treatment for this guy. This guy. This guy's definitely coming from Adam. There's some
DSTV we had to be nap. No machines do import the podcast from Austin with 5000 episodes. Wow. And we did it. We did.

Well, I'm glad I sent that person to you. I can't remember who it was. Sure. Sure it came from I'm sure. Todd did something really nice, which I thought was just lovely. I'll use that word. I've talked about that podcast device that this guy Fernando makes the audio sigma. Yeah. Which is I have no commercial interests or anything otherwise in that other than I wish this is what I tried to build in 2015. No, before the 2014 Maybe. Yeah, was a long time ago. It's the price is
great is a great device. It's pod father approved, you can do live stuff shows with it. And I think Todd is making him a partner or something so they can offer that to their customers. It just beautiful. So do you guys offer any any gear advice to your customers?
No. In fact, I was going to ask you if we can buy some of your your gear because we got to send it down to Mexico. We're opening up our studio down there. And they keep saying, hey, we need this piece of equipment and that piece of equipment. You should take

a look. You should take a look at this audio sigma thing is audio sigma.com.com. Yeah, yeah. Yeah. It's definitely
interested.

It's really a pod mobile. That's what it's called.
But I saw it last week when you mentioned it. I was working in Barcelona, close to the Sagrada Familia, and you're speaking and so I have time to look at it. It's very nice. And you, we also you said that, you know, you could also give it to your own users, meaning we could give to our users is not a bad idea with some plans or some Yeah, patient workshop. That's not a bad idea at all.

You know, they have the he has the single microphone version, which is, what does it call the, let me see, it's the mic hero at and that that I mean, these things are amazing, because you can plug it right into your phone, and it powers from the phone. And then the phone immediately recognizes it as a device that you can use. And the end, the two mic version has an expansion port, so you can hook up another one. So if you had more people or more more mics needed, you can connect
them. It's, I like this guy because he came from Brazil with 100 bucks in his pocket to America. And he's just, he's just grinding away and he's, you know, he orders like 50 at a time to be made. So he's, I just want to make sure he's highlighted in our, in our world because, again, if I I tried to build this and I failed, I failed on price I filed I failed on everything. It's very hard to do, but it's a great is I think, Dame Jennifer Baldwin, she was thinking about it. Nice is really
put his wallet in for our split today.

You guys. Thank you, Ben and Oberto from rss.com You guys rock. We really appreciate all that you do. And Have yourselves a great weekend. Thank you. All right. All right, Brother Dave. Yes,

sir. Have a great weekend. You too, man. All right, and PSA, you know, I'm going to be going next next to shows. You know, I'm gonna be unless I'm flying out next friday. Well, we may try to do something before I leave or, or what?

Ah, you mean like a Thursday night type thing? Yeah, I don't know. We could try something. I'd hate to have to show two board meetings gone in a row. Let's see. We can do it. I mean, everybody's everybody deserves vacation. Even you Dave Jones.

No, I don't deserve

We'll let you know. We'll advertise it will broadcast. Thank you boardroom. Thank you for being here. We'll see you very soon on podcasting 2.0
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