figs on Nostr: WTF has happened to music???? This video by Rick Beato is a thought-provoking ...
WTF has happened to music????
This video by Rick Beato is a thought-provoking exploration of modern music. Beato, perhaps unknowingly, provides a compelling description of what we, as Bitcoiners, would term “fiat music,” a concept that characterizes the current state of music. His insights are particularly noteworthy given his significant influence on YouTube.
https://youtu.be/1bZ0OSEViyo
In brief:
Services like Spotify ensure there is no scarcity of music and no need for proof of work/converting effort or actual work into monetary energy to buy music—Young people today have a high time preference for music due to having an almost infinite catalog available at all times. He gives examples from his childhood of how much thought and effort went into choosing an album to purchase. How sacred the time that one spent listening to music was. How what you bought was thus a big statement of who you were as a person.
The technology available makes it too easy to produce music. The music industry is basically printing music, and quantity and ease of production are valued over quality. It costs too much to discover and manage a rock band compared to how little effort it takes to create a formulaic pop boy/girl band. :(
I would love to see a top Bitcoin podcaster interview this guy.
#fiatmusic #fiat #fiatfood.
This video by Rick Beato is a thought-provoking exploration of modern music. Beato, perhaps unknowingly, provides a compelling description of what we, as Bitcoiners, would term “fiat music,” a concept that characterizes the current state of music. His insights are particularly noteworthy given his significant influence on YouTube.
https://youtu.be/1bZ0OSEViyo
In brief:
Services like Spotify ensure there is no scarcity of music and no need for proof of work/converting effort or actual work into monetary energy to buy music—Young people today have a high time preference for music due to having an almost infinite catalog available at all times. He gives examples from his childhood of how much thought and effort went into choosing an album to purchase. How sacred the time that one spent listening to music was. How what you bought was thus a big statement of who you were as a person.
The technology available makes it too easy to produce music. The music industry is basically printing music, and quantity and ease of production are valued over quality. It costs too much to discover and manage a rock band compared to how little effort it takes to create a formulaic pop boy/girl band. :(
I would love to see a top Bitcoin podcaster interview this guy.
#fiatmusic #fiat #fiatfood.