Adam Curry: podcasting 2.0 for March 17 2023, episode 126 We're
podcasting Power Rangers. Hello everybody. Welcome once again to
your weekly board meeting for podcasting 2.0. We are the
firewalls of Big Bang contagion, protecting you from everything
back. And of course, protecting and extending podcasts, you can
all happen to hear what's going on with the namespace, what's
happening in podcasts index.org Or even where it all happens
podcast index dot social. I'm Adam curry here in the heart of
the Texas Hill Country. And in Alabama, the only man who can
resolve your good say hello to my friend on the other end,
ladies and gentlemen, Mr. Dave Jones.
Dave Jones: This this will be an interesting show and going to
have taken the challenge of trying to keep all the
background noise from have a full house of people here.
Adam Curry: Oh, no, I can even tell you're talking a little
softer than usual, which is kind of heard. Yeah. And yeah. Crank
it up, bro. Talk like you mean.
Dave Jones: No, no, it's not. That's not even temporary. What
you're hearing is the fact that I'm sick again.
Adam Curry: Oh, no. Yeah, again, this is like, Are you kidding
me? Sorry, sorry. Just
Dave Jones: last week. On the show. I mentioned that I was
working from home so I could take care of my daughter right
who was sick. Right? Well, of course she gave a now yeah, when
she got you know,
Adam Curry: I'm sorry. Is it like a dry throat or what is
yeah, this is the thing. Everybody got it? Podcast
Movement, contagion. I think it's what it was called. Wasn't
podcast, no Podcast Movement, congestion. I can't remember it
was the name of the p&g PMC podcast contagion. What was
Podcast Movement? What was it? I don't know in Vegas. Apparently
everybody got sick.
Dave Jones: Oh, really? Oh, say hey, Pat. They passed around
this. Oh, this is like, what comes after Omicron
Adam Curry: Oh, no, they gave up on that a long time. No, they
kept cracking they had crack and all of a
Dave Jones: sudden oh, yes. Baby cracking this with this rack.
And this feels like baby this feels like baby crack. And it's
like, it's just it's not like it doesn't like destroy you and
like bring you to your knees. Yeah, but it really it brings
you down to like, where your hands on hips and like, like,
I'm really tired of this really tired overall.
Adam Curry: Now you're you're normally just a sickly guy. So
let me ask your question, Danny to tidy tip of podcasting.
Before COVID Would you get this type of stuff regularly on a
regular basis like like a flu or something a couple times a year?
Dave Jones: I have a standing date every year with a sinus
infection. Okay, it's just I mean this is always in January
or February this happens sometimes late December okay
I've got the was a cold day deviated septum
Adam Curry: Oh from all the coke you did as a kid holy crazy
rotted it
Dave Jones: out yes. Oh yes. Yes. All the partying has left
me deaf and with a damn with no nose blockage or whatever. But
Adam Curry: hey, the index is running really fast. Okay, now
you can have that corrected. Can't you deviated septum?
Dave Jones: I think you can I don't think I talked to the end
doc about it a few years ago. And he's like, you're he's like
you're just gonna have you're just gonna have this he's like,
this is your life and until I'm sorry. So I mean,
Adam Curry: of course you know, you know I'm from I spent a lot
of time in South Jersey. So we just laugh about this stuff.
There's no other way to to handle it. I forgot I don't know
what to say.
Dave Jones: Stephen basic. Do you know seasonal cold cold
stroke and heart attacks.
Adam Curry: Oh, yeah, that's right. We're all gonna die.
Everybody is scared to death now. Right off the bat Dred
Scott.
Unknown: Shot Carla 20 blades on am Paula free
Adam Curry: boosting us 121,212 SATs 121212 And what I'm afraid
of is the drum at this point is you know is living in a trailer.
His kids got no shoes.
Dave Jones: Yeah. This is mortgage payment. Nothing.
Adam Curry: Trailer. Nothing against trailers. By the way. I
don't mean it that way. But I just really have a feeling like
man, is he boosting energy? Just test 12,000 SATs want to want to
just attach drug tests to my pom just throw it throw a tenner
your way. believable? Unbelievable.
Dave Jones: I mean, I was gonna say boost the dip last week but
there is no dip.
Adam Curry: Dip is not happening baby. The dip is not happening.
We are of course, lit which means we're live and if you have
one of those handy dandy apps that does it all, which is pod
verse and podcast addict at this point, although you can go
Certainly listening on curio caster then you were alerted and
you got dumped right and when you clicked on it you got dumped
right into a special little episode there which is live you
hear the stream you can log into the chat and of course you can
boost us
Dave Jones: and you may not even know where you are you may have
just tap the button and had no idea what's happened. No idea
Adam Curry: what's going on. Exactly. And actually, I there's
something pretty big, actually, like a huge let me put it this
way. Everyone's huge. Everybody's all my Oh, hold on a
second. We got something really big we're gonna have so big
dropkick with All right. Can I can I make it any more clear?
This is big.
Dave Jones: This is really big Jesus almighty.
Adam Curry: Everyone's always talking about how do we promote
podcasting to point out we got to promote the value for value.
We got to get out we got to do more. We needed a better
website. Okay. Couple things happened this week. So big, big
news and two things happened concurrently. Now I was
listening to NMS and P WR
Dave Jones: he's a my a new media show and podcast podcast
weekly review
Adam Curry: pod news weekly review. I put in a package pod
news weekly review, isn't it?
Dave Jones: As a podcast, so I'm guest Sudafed brain.
Adam Curry: Okay. That's what they're calling it these days.
I'll shoot
Dave Jones: this as listening to the what you're playing some
clips of like the people describing I think there's only
an A you're playing some clips of people describing the feeling
of being on like,
Adam Curry: oh, no, no, no, the Adderall, Adderall and Vyvanse.
Yeah,
Dave Jones: that's that's what I feel. I feel like the median.
Like, whatever that is speed.
Adam Curry: Yeah, no, it's not for me. I'll
Dave Jones: tell you that. My Sudafed is basically math right.
But
Adam Curry: Sudafed is method slows you down? Does it make you
speedy? I guess it does make you speedy.
Dave Jones: It makes my brain Yeah, makes me have Sudafed.
very underrated. Oh, please, please.
Adam Curry: No, no, it's okay. I mean, this is a human interest
segment. I like that it is. So first I'm listening to the new
media show. And right out of the blue after Podcast Movement
contagion. We've got Rob Greenlee quitting pod bean after
Dave Jones: three months. Yes, that was a quick that was a
quickie.
Adam Curry: And you know, and no one's explained to me, I don't
need to know. But no one's explained to me what happened?
Which I which is just I'm always like, ah, that's kind of weird.
Did you know the way it's being played I'm fine with this Rob
wants to be independent. Perfect.
Dave Jones: It was basically just an achievement that he
needed like he needed to get to get like the badge for his how
many companies did to been at all the all the Hong Kong
podcast hosting companies right needed that one left to fill out
his trophy room?
Adam Curry: Yes. I think the running joke is Buzzsprout has
given him a one day contract, shall we? So he has the full
gamut. So we have every single podcast company. He's a podcast
host till we start so he starts his consultancy pod easy.com.
That's podcast easy.com SciShow. Podcast easy podcast, eco Zulu
podcast as in Spain. podcast is dukkah. So interesting. He has a
Sennheiser 421 On the homepage, which kind of tickled me says
Now it's time to start your podcast. And so best in podcasts
best in class, podcast, consulting, and surfaces No
matter your level, we've got you covered and he's got I don't
know if it's just him or more people but as a team and all
kinds of stuff. And it seems like that kind of like is his
signature services. We've got rock the mic, audio only podcast
service subscription, dropped the mic audio and video podcast
service subscription and just speak, which is the Khan shares
podcast subscription service. Now what I'm missing here is
what I think is a huge opportunity and I'm going to
prove it. So this is for Rob and for any other people who want to
be independent independent podcast consultants, who can
work with any podcast hosting company of course,
Dave Jones: I like those different levels by the way the
drop in Michael
Adam Curry: very good name. So he's a marketing guy right off
the bat. We know this of course, we know we're our longtime I
would recommend a fourth category which would just be
your V four v. And I would recommend that you have a level
where you set people up value for value, help them with a
wallet, get everything all set up, help them with their pitch,
help them with the feedback loop help them understand booster
grams and charge nothing to maybe a minor fee up front, just
you know, whatever. Take 35% of the split of the value block in
perpetuity. If you can, or you know what, whatever you're, you
know, oh, we'll do a five year contract, whatever you want it
to be whatever you want it to be. And I don't think Rob is
that is all that I mean, he understands of course value for
value. I don't think he's really looked into it that deeply. He
doesn't have a wallet, for instance. So I heard Todd was
going to get him set up. This is an annuity that you will not
regret. I'm telling you, you will not regret doing this no
matter what else you do. And some of these levels are pretty
pricey. But you could you could do a hybrid model, do this. This
will. This is long term wealth building for Rob Greenlee. And I
have your first client, and it's a doozy and it's going to blow
you away. What an opportunity. This is. The Obamas No, no. So
I'm listening to P WR. Power FM. I was listening to pod news
weekly review. And Sam Sethi is not on the show. He's off skiing
and kids pool, probably with Roy from breeze. I don't know these
guys, you know, Kevin just gets booed in Switzerland. I'm
Unknown: going to be doing a deal of some sorts.
Adam Curry: So James has a has a guest host, Courtney Kocak
Kocak, I think is her name. Now Courtney Kocak, who had not
heard of before. She's no slouch. She's let me say I got
her website here. She's based in Los Angeles. She's comedian
she's written for. I think Washington Post's variety in Los
Angeles Times Cosmo. Yeah, she's, she's got something going
on.
Dave Jones: She made a hooker joke, which instantly was I was
I was a fan of her. So this is great. Yeah,
Adam Curry: exactly. So you heard the you heard the show?
Fantastic.
Dave Jones: I'm a little bit into it.
Adam Curry: So I'll I'll just put, you know, she was talking
about social because a certain point James very correctly
starts to interview her about herself. And she makes this
joke. And I'm listening in bed with, you know, with one ear,
because you know, Tina was already asleep. She saw on logs.
I'm like, I'm just kind of listening, see if I'm gonna fall
asleep or not. It's something that that I don't typically do.
But the show came out later than normal for me. So I still wanted
to hear to know what's going on in podcasting that we can
review, which is what the show does.
Dave Jones: It does surprise me that you were listening in bed.
I didn't think that was your style.
Adam Curry: It's not my style at all. So all of these have wine.
No, no, no, nothing. No, this is this is the Lord's work, ma'am.
Because otherwise I would not have known this. I'm telling
you, and this is going to benefit. Going to benefit.
Courtney, it's going to benefit. Rob Greenlee is going to benefit
podcasting to point out. So this is I'm just listening, then
she's they're talking about her social justice work or
something. And I wasn't quite sure, but this was 22 seconds,
just short. And this got my attention like, Oh, this is an
interesting person. I do like social
Unknown: justice inequality. But I would I have to say, you know
why I think they added that line is because I on Twitter offered
to DM people, topless photos of me if they would donate to Black
Lives Matters.
I really don't think that is the kind of social justice figure
that they're thinking.
Adam Curry: Wow. Wowzers Wowzers because of course we all
visualize this immediately. So I'm like you have my attention.
Courtney, what else you got? So James, listen, accomplished.
Good show. So James, now that we're talking about chat GPT and
how incorrect it is. So James is now going to talk about her
podcast, which is titled Private Parts Unknown. And for whatever
reason, it's a British thing. I don't know. It's an Australian
thing. You can't really describe it because it's not what's ever
bad. Yeah, this is your this is your Smarty podcast smoky, smoky
podcast. Yes. It's a podcast that I seem to remember I had to
write about in pod news. But obviously I'd like everybody
that works in boring corporate environments to get the
newsletter and so therefore, we couldn't actually write anything
about what the podcast was about. Which is very strange.
But there we are. This is all right. Well, what's that? What's
that podcast about private
Unknown: person known in love and sexuality around the world?
Hello,
Adam Curry: hello. You have my attention all the way. No, no,
like, Okay, this is interesting. And ask
Dave Jones: you soup says two words chapter art.
Adam Curry: She's actually she's actually part of a network and I
just picked the first 25 sec is not even her show. It's the
first 25 seconds of her podcast, where she's promoting another
podcast on the network, but you get the whole idea in 25
seconds.
Unknown: Hello, privates before we get into today's Episode I
want to turn you on to a very horny podcast from the pleasure
Podcast Network. It is the horny housewife baby and Jordan is the
host. She's talking about all things sex and marriage, which,
you know, I'm in a long term relationship. I know what's up.
So check out the horny housewife.
Adam Curry: Boom, boom shot. Now, now comes the outcomes the
kicker, the beauty beauty beauty part of what's going on this
podcast out of the blue. She says this well
Unknown: can you explain to me James because I have been
obviously we're in the tech segment right now and I've been
listening to your show a lot today in preparation for this.
And I am like, really excited about V to V Yeah, from karate.
You know, Xeni Tell me about it and and I'm not a techie like am
I going to know how to set this up? And is it worth it? If I
don't have a bunch of people trying to give me stats all this
will they want to give me stats or not? I don't know.
Dave Jones: They're gonna want to give you
Unknown: well I mean, I think I think it's going to boost
Adam Curry: so James falls down on the job. Oh, this as he goes
to boost to Graham corner and then he does this whole thing
like that and like No, no, no, no, this this podcaster court
Ms. Kocak is primed and ready to do full on value for value lit
go live. This would blow V for V podcasting. 2.0 out of the
water. Rob Greenlee your mission is clear. Should you choose to
accept it get in contact with her man set her up have Todd
fixed the get the live streaming setup? This is the this is your
this is the moment this isn't I mean it's up as we
Dave Jones: if you think booster grim sounds and the booster gram
segment is good on a regular show. Are you kidding me?
Booster gram on on horny housewives. I mean, give me a
break.
Adam Curry: Well, that's the private parts are known as her
podcast. Okay, but either one. The whole network could benefit
this is my fans live streaming live the my fans wit only fans
live whatever doesn't matter. If this is a look, I'm too old for
this. I don't go running after talent anymore. I just don't
have I did it all my life running after talent for
interviews running for networks, all this stuff. I'm not going to
do it. But I'm I would like to point out this is a massive
opportunity.
Dave Jones: As well as I don't normally send booster grants dot
dot A longtime listener first time booster. Yeah, this is just
Adam Curry: empty now. And as the interview progressed, she
even intuitively understood the numerology. She's like, Oh,
that's cool. You know, rove ducks. 2222. I mean, wait until
she finds out you know, the 808 and the 6969 Oh, yeah, this is
she it's ready. So somebody please I want it to be Rob
Greenlee because this would this would give him a lot. This will
give you job security. My friend. Set this podcaster up.
Dave Jones: This is a fantastic idea. This is you giving this is
you giving away free money. Free money. Yes. Free money. Yes.
Adam Curry: I mean, the old Adam. Before I was saved by
Jesus Christ would have immediately gone after this.
Yeah, like this is great. And you know, the index would have
done it and you know, but I I want to spread this love. I want
other people to win with this one. It's it's it's prime. It's
prime. Even Roy Roy would probably want to do this. He's
been talking about that for a long time. He's been wanting to
do only fans on breeze forever.
Dave Jones: This is a fantastic idea. I'm in full support of
this. Yeah,
Adam Curry: I mean, this is what look, actually the podcast. I
did listen, it's you know, it's more about relationships. Sure.
It's not it's not all me it's not really smarty. She even
talks about abortions and you know, all kinds of stuff that I
don't know if I'm even interested in. But I can tell
that the vibe is there the vibe that you want. She clearly has
an audience. So let's go especially now that I heard in
the same new media show that it appears there's a 30% fill rate
on ads. Which is that sad
Dave Jones: That's not just on podcast here. I don't know if
you've noticed, but there's YouTube, the ad load has gotten
really weird to. Oh, I think it's across the board. And
Adam Curry: interesting. Well, that was another thing that this
whole week and you and I are kind of the same was filled with
Butoh video, YouTube, YouTube, YouTube video, YouTube. Yeah. If
I can just set you up. I have been through this cycle. I went
through the cycle of trying to make a network work, it doesn't
work, you can't monetize the network. And then and we had VC
money. We had millions of dollars to do this with Oh,
YouTube is what it's as where it's out. Oh, yeah, YouTube,
let's do video. And we could have not made a worse choice.
It's, it's, it's not where podcasting belong. You had a
think you had a boost into new media show about it. You said
something interesting. I can't remember exactly what it was. It
was about. Do you remember?
Dave Jones: Oh, now I was talking about the conflation of
podcasting. And in YouTube, like everybody always says that
YouTube is the is the biggest podcast platform. You know, the
it's just, that always irritates me, because it's like, no other
media gets conflated like that. Because you would not say that
because? Well, who is that? Who is the guy that he's the radio
guy that used to wear the cowboy hat? Oh, Don Imus, Donna. Yeah.
Nobody will say that. Because I'm us in the morning was
simulcast video on on Dish Network, that DISH Network is
the biggest radio market. It's like, it doesn't make any sense.
Just because somebody is on there doesn't mean that the meat
it's like, it's just a well, how about I consider it a dumb
statement
Adam Curry: isn't enough with your surveys and your data, I
don't care. I just It goes right over my head. You can slice and
dice to stuff any way you want. Podcasting has been around for a
long time. It'll be around with us for a long time. All the
benefits are known, the decentralized nature of it is
incredibly beneficial. You know, YouTube is, in fact, it's almost
like, let's talk about a bank failure, because that actually
causes a bank failure. I mean, are run on the banks, it's like,
oh, no, it's Everything's bad. Oh, that that's how runtime but
Jason Calacanis looking at you all caps?
Dave Jones: Well, that's, you know, so I don't know if you saw
that. KPMG, you know, because I'm in the accounting world KPMG
came as, see these things. KPMG came out and said, you know, we
stand behind our assessment of our audit of Silicon Valley Bank
and Signature Bank, they audited both of them. And they, and they
signed off on the audits like, like within them within like two
or three weeks of the of them both. Okay, mountains, like I
know, when we stand behind our numbers, well, the discussion
was about whether or not there's this certain thing that you can
tag them with, in an in a financial audit, you can say, in
there, there's two things there's one of them is, is a
going concern. Notice more, right, right, which is like,
hey, this thing's really shaky. And another one is like,
disputed something anyways, it's all the terminology. And so the
big the big hit, I guess, KPMG was, well, you know, why didn't
they label them as a, you know, with a going concern? Warning?
It's like, well, you can't, this is this is sort of like, you
know, this is like the thing that you're observing was the
Heisenberg uncertainty principle. Where is it a good
thing, I think, if I'm not mistaken, that's like, you
affect you affect the thing you're observing simply by
observing it. By the outcome, the outcome under observation is
different than the outcome when it's unobserved. So the observer
has an influence on the thing that you're watching. So you
never so you actually can't observe it and get a real and
get a real outcome. So that's the same thing with this. If you
put a going concern morning, on Silicon Valley Banks audit,
you're going to cause a bank run, like worried they won't
survive a bank run. You can't actually say it out loud,
because then they won't survive the bank run.
Adam Curry: Exactly. Exactly. Well, so this thing this this,
this is what's going on, I think is because people are bored have
nothing better to talk about, and also how long you're gonna
be Charlie Brown for Lucy's football. Game Stop, stop. This
is the definition of insanity. Every single time Silicon Valley
says jump or the podcast industrial complexes jump,
everyone goes, how high? What do you want me to do all integrate
with you right away? And then they burn everybody. They don't
care? No, you're not here, okay.
Dave Jones: But the subtle shift in YouTube Advertising though in
YouTube ad load is it's noticeable. But you're you're
starting to get, you'll get the first you'll get the first ad
break in, it'll be loaded up with a couple of the short runs.
And then what would typically be a video with like five or six ad
breaks in it. The second run the second slot, you'll get like
one, and then maybe one on the third slot, and then it's just,
it's nothing from then on out. Right. And that's new. That's
very it to me, that's very new. Because if you go back four
months ago, you're getting, you're getting ad slots full
every time. So something has definitely changed that I'd
think I've been listening to do you know, Jeffery Snyder, you
know, that guy?
Adam Curry: Should I? I'm not sure should I know Jeffery
Snyder,
Dave Jones: he runs a outfit called Eurodollar University. No
came up through the if I'm not mistaken, he came up to the
Mises Institute and he's, you know, he's an Austrian. But
he's, he's one of those that he's his methodology is to is to
monitor the Euro dollar market. Okay. He's got a lot like, which
I think is a genius way to look at things because the Eurodollar
market has probably the biggest influence on the economy, way
bigger than fed rates in anything like that. But here's
the thing that never gets talked about. So he's been saying that
the economy is softening, likening this, he's likening
what's going on right now to the 2007 2008. We're gonna, we're
going to have a 2007 2008 style crisis. It's not going to be
exactly the same, but we're going to have the same Meccan
like the same mechanics or at work.
Adam Curry: Oh, especially with Credit Suisse. And now the
derivatives and the swap line our Federal Reserve has with the
Swiss Swiss central bank specifically for Credit Suisse.
Now this is all integrated and connected.
Dave Jones: Now you brought horny housewives. I brought
Janet Yellen. Oh, it's the antidote.
Adam Curry: Yes, but wait before you go there. Okay. Can I just
say something about
Dave Jones: the ad market? Oh, please do.
Adam Curry: So two things one, as as already discussed on this
show, and others. This came out from the specialist website
search engine land.com. And this came up March 9, Tik Tok enters
the search ad market challenging Google and Microsoft, which is
exactly what my sister told us in her thesis. Yikes for her
Master's. She said that one in two users of Google and and tick
tock go to tick tock first to search for something. So this is
a big a big Yikes. Big big Yikes. Second, I got just as one
of the many emails I've received. Of course, I'm going
to I manage a global I manage global brand ads on social media
for a large tech manufacturer that is very active on tick tock
I'm also responsible for governance and best best
practices etc. So it's a lot of it's about you know, what may or
may not happen, which is not interested in this context. But
he says we've shifted nearly half of our brands social ad
budget to tick tock over the last year Google and E commerce
and other ads are also shifting a lot of budget that way. So
well, this is what's going on with the ad market which is
already soft, significantly soft, it's being taken away by
one company. And if you think for a second that Google gives a
crap about podcasting on YouTube, dude, they're even
cutting people's benefits who were supposed to have a
maternity benefits there. I mean, this is all hands on deck.
You know DEF CON one.
Dave Jones: Well, they they did you sell 10,000 more layoffs at
Facebook right? Yeah, of course.
Adam Curry: And by the way, three days ago, we don't hear
anything about meta now do we? Right now. And and here's here's
the biggest joke. This AI chat GPT that everybody is throwing
into their into their product is very expensive. They have no way
to offset this cost to do it for free.
Dave Jones: Is it still like in GPT? four or three? Is it still
like something like a million dollars a day to run? It? Does?
That's the net? That's the number I saw floating around at
once.
Adam Curry: I think it's higher than that. I mean, you're
talking $10,000 Nvidia ASICs that have to do this stuff. I
mean, this is not just, you know, throw up a couple of in
fact that they run a lot of it is AWS EC two instances,
spinning up or whatever
Dave Jones: it is, these days, those things are not cheap, and
no, no less.
Adam Curry: And, and so they're spinning up all this stuff. And
you can see it slowing down to No, no, no, this is very
expensive. They solved the YouTube cost by literally buying
ASICs, I've learned all this from Alex gates, actually, by
buying ASICs that do video encoding specifically. So you
know, now you've got to swap everything out or add to it to
do chat. GPT just because it's everyone else is doing it.
Meanwhile, tick tock is eating everybody's lunch, get off with
people stick with podcasting, support your app developers
support podcast, apps.com, keep it going, we've got we've got
momentum, we've got the hip kids doing it, and pretty soon
smartcast. So it's well worth Steady as she goes, I would say
Steady as she goes, Don't be jumping left and right. Because
YouTube says something, they're in trouble over there. Let them
you know, give let them mess with their own rope. Is my
advice.
Dave Jones: Yeah, I think this the I think this is perfect
advice. Because you get this is the this is the the sort of
safety valve of a down advertising market. If you you
know, subscriptions,
Adam Curry: I like that safety valve of the down advertising
market. Nice.
Dave Jones: Yeah, this bridge, this bridge is you through? I
mean, neither me or you would ever say that advertising is bad
go away. It's just that you can't, you can't
Adam Curry: squeeze blood from a stone.
Dave Jones: Yeah, ideologically, it has downsides and certain for
certain for certain material. I mean, like ours, for instance,
you can't, we wouldn't be able to say what we wanted to say
without without being free from the influence of advertising.
But then, but then there's also that the the other aspect of it,
where it goes up and down is civil is cyclical, you're gonna
have up you're gonna, you know, you're gonna have huge drop
offs. Well, in order to be able to weather that storm, he really
you really need, some people have done it with subscriptions.
As you know, value for value is
Adam Curry: better. Well, here's, here's, here's the one
thing I can promise everybody, if you want to stick it out,
it'll be about a year and a half, maybe a little bit less,
because 24 in the US only, by the way, this doesn't work for
any anywhere else in the world. It will be an election year. So
$17 billion will flow in, you know, maybe a little less, maybe
a little more into mainly local advertising, very specifically
geo located geotargeted. That's where I think Facebook meta
shines. But that's a long haul before that money really starts
to come out and and who knows how much money will we even have
money? I mean, right now,
Dave Jones: we will not a lot of that skill. Not a lot of that is
going into podcasting.
Adam Curry: I don't think so either. Although, you know,
maybe hosted ads or whatever. Yeah. But also the cheap money
as we've discussed is over that's that's what the big
problem is here is the interest rates will raise quickly. You
know, free money is over anyway, a big lead in to the antidote
for the for the honey Money, money, honey cast, somebody
cast, what is it called the way they call? I want to get it
right. It's
Dave Jones: the private part, the private, private parts. Not
that something Oh, not private
Adam Curry: parts. It's prime to private and Private Parts
Unknown, private person, link in the show notes link in the show.
Okay, so we just got all messed up by private parts unknown.
Here's Janet Yellen.
Dave Jones: Yeah, let me drag you down to the basement, which
absolutely no excitement. Yeah, so this is this is Janet Yellen
at the, you know, testifying before Congress. And I just
thought that this was a great clip. Because it shows it's not
so. So the it's not what you would exactly call smoke and
mirrors the US money. The US financial system leadership,
because what they do actually does have an effect. You know,
when they raise rates when they when they tinker with rates up
and down. Oh, yeah, sure. It does have an effect. But the
effect is not what they think it Is In It takes a circuitous
route to actually get back to, in order to have an effect on on
the economy. And by the time it made by the time it actually
gets to the level of having an effect, the effect is amplified.
And it usually comes out in ways they don't expect.
Adam Curry: Because if I can paraphrase the idea of raising
interest rates is basically to create higher unemployment.
That's the metric that I keep hearing the labor market. Well,
that's the end. Well, that's what that's what they're looking
for. Well, we've got too many jobs being created. Now we need
to have unemployment needs to be four or 5%. So they literally
want to destroy your job, which in an odd way is kind of
happening. If you look at Silicon Valley. It's not enough,
but they would
Dave Jones: call it they're trying to affect a cooling of
the
Adam Curry: Yes, cool. Screw you slave. means We don't get to
work. It's cooling. We just want to cool the economy's too hot
right now. Who wants to be too hot? Okay, so
Dave Jones: what we what we learned from you know, what I've
learned from another thing I've learned from from the book,
which led me to, to Jeffrey Schneider, back to him and yeah,
researching his material is about the Euro dollar market.
Yeah, Okay, gotcha. The so the Euro dollar, is, the Euro dollar
represents, in loose terms, all the dollars around all the US
dollars around the world, that are not counted in the money
supply, in the M one money supply within the US. So if
we're trying to target if we're trying to measure the money
supply, Target, there are certain things about the money
supply, in order to affect interest, this Eurodollar market
represents effectively a giant leak in the bottom of the ship.
Money is flowing in and out through this hole in the Feds
control to international markets in ways that they really cannot
control. So that's basically,
Adam Curry: if I'm not mistaken, can Euro banks, they can
actually create dollars, right?
Dave Jones: Yeah, well, American banks operating in international
markets can also participate in in dollar creation,
Adam Curry: literally, literally counterfeiting, they're just
making money
Dave Jones: in the biggest Euro dollar trading markets are in
New York. So you can trade the Euro dollar market in the US,
and the Fed has no control of it over it. And it also does not
show up in any of our any of the money supply statistics. So the
fact that they you know, when you look at it that way, the
tweaking up and down slight tweaks up and down of life, half
of basis via half a percent on the federal funds rate, that
really has no direct impact on on hardly anything except local
local banks, some some mortgages, some short term
stuff, and all
Adam Curry: mortgage, they're really big have a big effect on
mortgages and car loans and stuff like that.
Dave Jones: Well, then over over time, so it's it's it tends to
affect the middle, sort of like the middle class of the banking
system, which is mostly local. They don't have the
international presence like Morgan and
Adam Curry: regional banks, which I guess they would like to
get rid of, because they're doing a good job.
Dave Jones: Well, let's listen to the new the queen of
excitement. Janet Yellen.
Adam Curry: Will the deposits and every voice has gotten
really low? It is she's on hormones. This is a senator or
congressman who is
Dave Jones: this is a I don't know if it's senator or
congressman for it, but he's representing Oklahoma
Unknown: will the deposits and every community bank in Oklahoma
regardless of their size, big, fully insured now? Are they
fully recovered? Every bank, every community bank in
Oklahoma, regardless of the size of the deposit? Will they get
the same treatment that SVB just got or Signature Bank just got?
Adam Curry: This is an interesting question. Because
and, and I'm glad you're in here, because you've studied
you're studying it a little deeper than I am these days. So
from what I understand, they magically I think they they
created like 300 $297 billion or something. And this is the
backstop above and beyond the $250,000 per depositor FDIC
insurance.
Dave Jones: Yeah, this is the wish
Adam Curry: we might have partnered before I called not a
bailout. Okay.
Dave Jones: Well, I mean, take
Adam Curry: technically it's not a bailout but we created money
to do it so
Dave Jones: yeah, like that. They supposedly the other banks
bailing out this bank essentially is what it is and
but they did they do that but what this guy calls a special a,
quote, special assessment group. Oh, yeah, so you get you get a
spit, the FDIC makes a special assessment on all of the all of
the banks in the banking system as supposedly in order to bail
out SVB. And so he makes a good point about that, actually,
okay.
Unknown: A bank only gets that treatment. If a majority of the
FDIC board a supermajority is super majority of the Fed board,
and I, in consultation with the President, determine that the
failure to protect uninsured depositors would create systemic
risk, and wow.
Adam Curry: Wow.
Dave Jones: So she, so it's a super majority of the Fed board?
Yeah, majority of the FDIC board her and her
Adam Curry: income concentration with the brain dead guy in the
white house. Okay.
Dave Jones: Yeah. Yeah. Okay. So so she plays Bob reticle role
clearly plays a critical role in this decision making process. So
so obviously, she she would understand fully all the answers
to the questions
Adam Curry: while seeing a she's the queen pin instead of the
king pin. Had she had she had all pivots or is she? Any one of
those elements? could say no, and I guess it doesn't happen.
So it has to be past she has to be today? Yes. I'm going to do
that with the President.
Dave Jones: Okay, in any in any any bad, if any bad effects any
possible bad effects, you would think Jen is she's gonna have
thought this through right.
Adam Curry: I have to add to this, that my friend, the former
New York banker, who I have gone to for financial information
about the markets for 14 now 12 years, probably. He is very
enamored by Janet Yellen. He thinks she really Yes. She
thinks she's a great economist. And, and really, really a great
person, both when she ran the Fed and as Secretary of the
Treasury.
Dave Jones: What my favorite thing about Janet Yellen is how
as the banking system is melting down, she's she's overseas
somewhere giving a speech about climate change. I would actually
like her to be at home, actually.
Adam Curry: She was in Africa first. And then she went to
Ukraine hung out was the Lensky. And oh, yeah. Okay. Your job
Unknown: would create systemic risk and significant economic
and financial consequences. So what is your plan that
determination? Right,
so what is your plan to keep large depositors from moving
their funds out of community banks, into the big banks, we
have seen the mergers of banks over the past decade. I'm
concerned, you're about to accelerate that by encouraging
anyone who has a large deposit into community bank to say,
we're not going to make you whole. But if you go to one of
our preferred banks, we will make you whole at that point.
Adam Curry: Well, this seems right. This is happening. Of
course, it seems very logical. In fact, we even had the
conversation here at home, we have most of our dollar money in
Guadeloupe Bank, which is a small bank, a community bank,
which hat does have backing from the tip the bankers bank, I
think it's you know, it's private. It's not a it's not
public. And also no agenda show has mechanics Bank, which is 115
years old, got an email from the CEO says why we don't invest in
mortgage backed securities or Silicon Valley. That bullcrap.
Okay. So but you know, it's a conversation we had is our money
safe there. So yeah.
Dave Jones: If you've got more than 250,000, if you're a quote,
large depositor at a smaller regional bank, yeah. Then you
this is a question you must ask yourself, this is a big, this is
a business question,
Adam Curry: or family surviving
Dave Jones: Estate question. This is a critical question that
you must ask when you see that a large large banks are getting
bailed out and made whole, but you may not you must ask
yourself this question. This is not this is not theoretical.
Yes.
Adam Curry: Although I'm sure that the safest bank for anyone
is going to be HSBC because they are the most corrupt mofos in
the world. So that's where you want to put your money but I
can't live with myself. Okay.
Dave Jones: So this this this clip is his question and her
responses is unedited.
Unknown: Look, I mean, we're that's certainly not something
that we're encouraging that is happening right now. That is
happening because depositors are concerned about the bank
failures that have happened and whether and not other banks
could also, it's happening because you've fully insured no
matter what the amount is, if you're in a big bank, you're not
fully insured. If you're in a community bank, well, you're not
fully insured.
Adam Curry: What was she just repeating what he's saying? Or
she
Dave Jones: has, she has no idea what to say. That's why she just
keeps repeating what he said. I mean, there's like a, there's
like a four second pause. When he asked her that question she
has no had, she has not she's, it's clear, she has not even
thought of this.
Unknown: I'm gonna go back a couple seconds, you're not fully
insured. If you're in a community bank? Well, you're not
fully insured. And you were in signature and it was just barely
met that threshold, you weren't signature?
Well, we felt that there was a serious risk, make it make an
objection to it could have brought down and triggered runs
on many banks. And that's something given that our
judgment is that the banking system overall, is safe and
sound.
Adam Curry: But, but it wasn't, but it is, but it kind of what
it's almost like explain value for value to me.
Unknown: They should have confidence in the system. And we
took these actions. So there's a special assessment that's been
done on community banks in my state and all banks across the
country. Was there any discussion that that special
assessment would only apply to the larger banks? Or was it
always assumed a special assessment would cover every
bank, including rural banks in my state?
Adam Curry: I think I am not certain what the rules are
around that. That was what she meant determines the future of
banks and people's money. But she's not certain of the rules
around how that assessment is done.
Dave Jones: Yes, I love this clip, because it totally exposes
the the complete fraud. That is our our financial system
leadership, as if, like that, there's this there's this idea
that, Oh, they must know something we don't
Adam Curry: know what it is. I need to know who this guy is.
Who is this guy?
Dave Jones: Representative from Oklahoma representative or
senator?
Adam Curry: Let's see. I'm going to tell you I know this voice.
I'm going to say it's not that guy is a Tom Cole. Maybe no, no,
no, no.
Dave Jones: He's Oklahoma. Lankford. James Lankford is your
senator. He is a
Unknown: blank. Oh, there he is. Okay, James Lankford. All right.
Onward, would cover every bank, including rural banks in my
state.
I think I am not certain what the rules are around that.
For the FDIC to determine it has been reported publicly, that SVB
had a large number of Chinese investors that are there,
including some that were companies directly connect to
the Chinese Communist Party. Will those individuals or those
individuals, companies, entities and investors that are Chinese
investors be made whole based on assessments in my banks in
Oklahoma? So what I'm asking is, will my banks in Oklahoma pay a
special assessment to be able to make Chinese investors pulled
from Silicon Valley Bank? Okay, let me understand. So
Adam Curry: if I understand. So in order to qualify for a
complete bailout of your depositors, you have to pay an
extra fee. This is cuz now I'm so confused with the special,
Dave Jones: the special assessment was assessed by the
FDIC on all the bank all the bank men on all Member FDIC
banks in order to stabilize any, any iffy banks through this
special program, the BNP or whatever. And so the special
assessment is basically just a fee. So he's saying that, you
know, Oklahoma, my bank, my small banks in Oklahoma are
going to be paying more money to the Fed yesterday allowed
Adam Curry: silicon, Silicon Valley Bank, Chinese investors,
investors,
Dave Jones: basically, bailout non American investors? Yes.
Adam Curry: Well, no. I mean, he also specifically brings out
China for political reasons, which is cool. Yeah, obviously,
because we got to keep it political in America, in
Oklahoma. So
Unknown: what I'm asking is, will my banks in Oklahoma pay a
special assessment to be able to make Chinese investors whole
from Silicon Valley Bank, uninsured investors will be made
whole in that bank, and I suppose that could include
foreign and foreign depositors, but I don't believe there's any
legal basis to discriminate among uninsured
I get it but I'm just saying my community banks are gonna pay
this additional fee. It is always fascinating to me as
well, that conversation that taxpayers are being made whole
in this a taxpayer are not going to have any kind of consequence
on this. I'm sure my bankers are gonna be very excited to know
they no longer pay taxes. And their banks no longer pay taxes,
credit unions don't pay taxes banks do. And so they're
definitely tax payers as well. And all banks make their revenue
of rates and fees and such to their account holders, which
means every Oklahoman will pay higher fees, and they're just
gonna have we have gone.
Adam Curry: Hey, can we move on here? I mean, this is you're
badgering the witness. Who
Dave Jones: was that? at that? Oh, no, that's the whoever the
ranking member is trying to move him on. But that's but there's
that there's your bailout. Right there. Of course, the banks are
taxpayers. And they in in just like just the flow, he said, all
the all his all of the Oklahoma residents will be paying higher
taxes or higher fees at the bank that will be getting less
banking services for more money in order to bail out the banks
that were that were unable to continue. There's your bailout.
It's not it's not a direct bailout like tarp, but it is
absolutely a bailout at taxpayer expense. Unbelievable. And she
has no idea how to answer the question. She doesn't even know
half of the half, you know, it's just it's just in such a catch
Unknown: last 19 seconds here of rates and fees and such to their
account holders, which means every Oklahoman will pay higher
fees, and they're just gonna have we have on lapse
banking system, and its economic consequences that will have very
severe effects on banks in Oklahoma and it will also be
threatened. I'm just worried about
Adam Curry: long term we are gonna have to move on. We're not
going to get all senators in Senator Cortes master who who
was that who was the one that that's the Senate Finance
Committee on Senate Finance Committee, I want to know
because it sounds familiar. Sounds familiar. Let me see.
MIDI chair, by the way, the Oh, Ron Wyden. Yeah, of course.
Dave Jones: Yes. Of course.
Adam Curry: The House of Representatives, you know, that
financial oversight board is overseen by the very, very
competent, Maxine Waters.
Dave Jones: Yes. No, no, no dicey background there with the
FTX. And everything else. Yeah. We're way off the rails of
podcasting here. But I don't think so. I think this all goes
into rational decision making about the future about the next,
let's just let's just say, two to three years of, of add
markets, general economic planning, I think we just need
to be a little realistic about where we're at. And that is that
the people in charge have no idea.
Adam Curry: No one steering the ship. But yeah, and honestly, I
don't think anyone has really knows it's all Bull. I don't
think that anyone really knows how, how it all really works. I
mean, I err, err, more on the side of Austrian economics. But
this clearly, this is this is exact, I think this is exactly
what it's supposed to be every single time we go through this
cycle. It's, you know, seven to 12 years or whatever. And you
There we go again, except this time, they kind of caught with
their pants down, because we had this long period of really
kicking the can down the road with the low interest rates and
covering everything up and now it's just coming back. And
there's gonna be winners and losers.
Dave Jones: And I was listening to some old lectures from Paul
Volcker.
Adam Curry: Yeah, he was the
Dave Jones: chairman from the 70s. Yeah, yeah. When
Adam Curry: when we had 20 20% interest rates? Yep. And so
Dave Jones: I was listening to some old lectures of his not
super old, like, from early 2000s. And, you know, I mean,
I'm not me, I'm not gonna say he's a genius. You know, he's
like, this second coming or anything, but I mean, he's but
but he's honest. And he's just sort of out of things now, so he
can be a little more honest. He mentioned that. So these credit
default swaps and derivatives. It's basically insurance on a
trade. It's a way to hedge against a bad trade. And so it's
basically insurance. Did you know that he said that as of
like, three years ago, that there was $700 trillion of
credit default swaps? Oh, sure. Insuring only $70,000 Excuse me,
only 70 trillion of assets. Yeah, I'm sure. That's like
taking out a $700,000 insurance policy on your $70,000 car.
Yeah, got of course the only something ain't wrong. Yes. All
Adam Curry: it is. I do have a quote from Chairwoman cheer.
person, Maxine Waters from the House of Representatives side.
Unknown: Here we go. My Millennials stay
Dave Jones: in the chamber
Adam Curry: in the chamber no less.
Dave Jones: Added added down, do a little swerve off the road
here. I added the things that you want it to the charts, the V
for V
Adam Curry: O is updated. Oh, no, I saw those of course. Yeah,
of course I saw it you, you added the Hold on a second, I
have it here, you added the transaction count. And you also
have unique senders, which is interesting.
Dave Jones: That unique senders needs an asterisk and a little
thing at the bottom of the page that explains why the Asterix
exists. Okay. Because clearly, we can't verify that, you know,
if I have I could I could create a script and mimic your exam?
The what looks exactly like an Adam curry boost to have a
record? Oh, of course. Of course. Yeah. So I mean, that
unique cinders is is I mean, that's a that's a fiction, but
it's I mean, it's still I still consider it, the use of them is
fairly useful.
Adam Curry: Well, it's kind of about what I thought, you know,
it looks like currently we have an average of, I don't know, a
million a million shots a day flowing through the system.
Dave Jones: I think the average would be about that. But I think
the median is probably a little higher. Yeah.
Adam Curry: The meeting. Okay, so maybe 1.5 million.
Dave Jones: Yeah, some were saying one and two. It's really
impressions go up. Well, I
Adam Curry: mean, so now of course, I obsess over this
stuff. I love seeing it. I really look at the at the seven
day and the 30 day. Because you know you're seeing it actually
will be handy to I mean, I could overlay this with a million
different things. Because there's release schedules, you
know, this is certain days when podcasts come out. The I think
Wednesday we know, pretty sure that Wednesday is probably the
lowest day for for booster grams for activity. Would you say?
That's correct?
Dave Jones: Yeah, yeah, I would think so. Yeah, that's Yeah.
Wednesday into Thursday morning. Yeah,
Adam Curry: yeah, that yeah, Wednesday to Thursday morning.
That seems to be pretty low. But man, there's an economy here and
there's real money flowing through this. And, and again, I
really liked that. Although I appreciate you putting the
dollar value next to it. Which of course is all over the map.
The thing that I see is that people don't care about the
dollar. But I think we talked about this on the last show. I
mean, when I see 12121 stats, SATs from from dread to want
some namespace talk and you got to up the booths there drugs you
want namespace talk a hot next day stock. Oh, goodness. Okay,
well, so then you have Darren Oh
Unknown: Sakala 20. His blades only him Paula
Adam Curry: with one on 1010 with 101,010 SATs. Just blend it
like that. You know 25,000 SATs from Dolby das ad 1888 from
Fletcher. By the way he says hello privates.
Dave Jones: Did he just was that about 30 minutes ago in certain
houses, because that's a Satoshi slam. That's what that oh, just
Satoshi slam. Yeah,
Adam Curry: we forgot about that. Exactly. We have the
where's the I should have had that. Ready. Hold on. Satoshi
slam. Wait, didn't we have Do we have a jingle for that? Yeah,
Dave Jones: yes. Let your sin it does Toshi is love or whatever.
Adam Curry: Why can I not find this?
Unknown: Oh, no. Oh,
Adam Curry: I don't have it. Jingle overbought i There's a
jingle over. I'm it's not in my search system. I don't know
what's going on. Anyway, the Satoshi slam he says hi privates
in certain alphabet communities. V two v two v means something
entirely different than V four v. I don't even want I don't
even want to know, we're good. We're good. We're good. We're
good. There's chata with 808. So my point is the economy that
we're living in. Play on Ambala the kids won't eat for a week
12121 to see what you can do. You see what you can do? I'm
just saying
Dave Jones: he's the patron saint of podcasts for No, it's
just sure is you sure
Adam Curry: is. So we're into the numerology of this
particular currency that we're using in our own ecosystem. The
dollar amount is, I mean, it's not irrelevant, but it kind of
is
Dave Jones: I can take it out, I can take it out the chart.
Adam Curry: I'm not saying it has to be taken out of the
chart. I'm just saying it's beautiful to see that doesn't
matter that would that everyone is, especially when it comes to
booster grams. And boosts everyone is just all on board
with whatever the number the numbers are the cool numbers.
The number says something just like the big RAM says something.
I love that it's beautiful thing. And it's the future.
Dave Jones: But the the unique Cinder thing is, is interesting
too, because you like if you think about it like this? Yes,
it's not. You could you could gain that. Oh, yeah, change it,
but you would have to pay to
Adam Curry: do. Exactly, exactly. That's the beauty of
it.
Dave Jones: You don't get it for free. Is like Visa is kind of
interesting.
Adam Curry: V four v stats.com. If you want to watch it. Yeah. V
four v stats.com. Or, yeah, there's a whole long URL, but I
like V four v. stats.com. That's why I registered for you, my
friend.
Dave Jones: Thank you, brother. Okay, you got you got anything,
I guess? Yeah, yeah,
Adam Curry: I've been I've been hogging the mic. Go ahead. No,
no,
Dave Jones: I hugged up with you did get everybody to sleep with
the pipes of Janet. And
Adam Curry: I don't think I was sleeping on that. Yeah, two
things I have here. One. I wanted noster is still there's
still some debate going back and forth. You know, like, NASA
should be connected to podcasting to bone. Oh, okay. I
wanted to point out the main difference between what is
happening on noster was zaps, which is all exciting. And I
check out noster all the time. I don't find the conversation. It
particularly exciting seems to be a lot of PV and to the moon
and just kind of stuff. Good morning. Good night. Yeah, well,
yeah, Pura Vida,
Dave Jones: you know, so Okay, that's great. What does that
mean, by the way, that I
Adam Curry: think that's something that Jack Dorsey
started. And I think without Jack Dorsey, none of this will
be going on. And that's kind of what led me to the to the
discovery of the simple fact that Jack Dorsey is funding
development. Yep. And he's doing it seemingly altruistically,
which is beautiful. What we are doing with podcasting 2.0 on
value for value is we have specifically purposely put
everyone into the value flow. When you send a zap from, you
know, what app Am I using, you know, from Gnostic gram to using
an amethyst or Iris, the app developer gets none of that,
because we invented the split. This was done specifically to
get everyone involved. And everybody can have a piece of
this, you know, a million and a half Satoshis that flows through
the system every single day, whether you're making a stats
package, whether you're doing transcripts, whether you're
hosting, you've created a WordPress plugin, you've built
an app and put your your blood sweat and tears into it. That
was the idea from the onset. And, and noster does not have
this. So I do not believe the ecosystem can only be sustained
by one billionaire who hands out, you know, rewards and
benefits to people. There has to be something in there, like
splits that makes it work for everybody. And I think just
looking at the culture, that ship may have sailed it may be
too late for them to to integrate that your thoughts
Dave Jones, pod sage.
Dave Jones: Now, I think your prayer, I think you're right. I
think that because they built they built in, Gigi wrote an
article kind of talking about this, maybe last week, I don't
remember but whatever his latest article was, he was really
decrying the fact that podcast he's like over here in
podcasting, 2.0 they have this notion of splits, which, you
know, which and he's like, we need that. In the broader
Bitcoin ecosystem. We need splits to be a thing because
Gigi,
Adam Curry: Gigi understands value for value. People think
value for value.
Dave Jones: Yeah, initially, he was arguing it needs to be at
the it needs to be programmatic. And, and not any needs to be
built into the protocol. And I agree, I agree with that. There.
We we sort of hacked it on top. And I don't want to say hi,
because I mean, we we did it a good way. I think, you know, we
did it the right way for what for what it is and what we
needed. But I don't want to say that negatively but but at the
same time, it really would be great to have it built
programmatically into it. Lightning into Bitcoin Core even
Adam Curry: Oh, I liked that idea. There we go. Fletcher's DM
to to me Thanks, bro you know, I think yes, that's a wow, that is
a genius idea. I mean, it seems like the lightning labs people
be too busy defending their brand name Tarot.
Dave Jones: Here they're getting sued, aren't they? Well,
Adam Curry: they had a they had a, I think they've changed it to
an injunction from a. It was like a restraining order, which
I thought was weird cease and desist, I understand. But some
of that a restraining order. It's all it's all. It's all
trademark. And, you know, trademark is a big deal. So you
go and you defend your trademark, and then everything
has to stop until that's resolved. And I guess this
company, Terry has, you know, a similar product to lightning
labs and tarot, but they were there earlier, trademarked it
oops. I guess roast beef was talking too fast. I was trying
to catch up to him forgot to do some of the basic work. So I end
up they don't care. Honestly, I don't see the developers of
lightning. And I don't know the see lightning people well
enough. I just don't see any, they don't care about
microtransactions. We know that. We're the ones that are making
that ecosystem work.
Dave Jones: Yeah, I think I think the bottom line of what
you're saying is that we were going to just be stuck with what
we have for a while. I mean, for who knows how long into the
future.
Adam Curry: And I'm not, and I'm not sad about it. I mean, I
think eautiful it's just, you know, it's like this, if
anything, I want to point out that we actually have something
really cool. And that is to be admired by people that most
won't give a crap about us. But that's not that's be beside the
point. You know, wait until we wait until the music side
project or, or that and more apps start to come online. And
the musicians come in, and they see that they can do splits. And
they see that they can circumvent the whole archaic
architecture of ASCAP, BMI, Harry Fox agency, record labels
publishing, you can put it all right into the value block, and
it's transparent, right down to base, you know, of course,
music, music component, composition, lyrics, down to the
players. And as we know, we can have, you know, doesn't have to
be 100%. It can be, can be 500%. Everything works out in the mix
behind the scenes, it gets split up perfectly. And that is that's
a future system. That's something that people will who
are in the music business will understand. And we'll get, and I
think we're unique in that, Ben, we've built it out. We have, you
know, what is it now? I think I'd like to the show that Dave
Jackson and Dan J. Lewis are doing. Yeah, I've
Dave Jones: been listening to that. That's good show.
Adam Curry: But they need to get with the ACC the accurate stats,
because they were talking about 12 183 feeds with value blocks,
and I'm looking at 12,538. So they're not pulling from your
JSON, which I know sounds like it should be on a different
podcast.
Dave Jones: Yeah, that's right. That's right before the private
parts,
Adam Curry: Private Parts Unknown, pulling my JSON.
Dave Jones: Episode one pulling, Jason
Adam Curry: You know, and of course, you know, I love it.
When Brian of London comes in says, that's all high five. Easy
speak. What is it three, speak? Three speak a lot. A lot of it
is for sure. And love that number for that very reason.
Brian.
Dave Jones: I've got some, I think we need to talk about
channels. Oh, well briefly covered last week, and then and
then bailed out.
Unknown: And now it's time for some hot
Adam Curry: namespace now to to lead us into the hot namespace
talk. May I make an observation?
Dave Jones: I would love I would love to hear an observation.
Okay. Can you hear an observation? I guess you can?
Adam Curry: Well, it's an observation I'm going to put
into words, the GitHub, the GitHub needs to be at least
temporarily constrained, because now it's becoming a free for all
of features. So you know, I have a lot of things I want. But when
it feels to me like the because I follow the GitHub, you know,
and I'm just a casual user, I will reply sometimes. I don't
think I've ever done a pull request. I'm just I'm just
following along with the conversation. And it gets very
crowded with things like past guests. Okay. I understand that
some people are annoyed by getting emails from people and I
get them who want to see if you'll take a guest on the show.
But you know, I I mean, I can think of a lot of things that I
want in there, like, includes lighter clicks, might include
vape sounds, I mean, it could have a whole whole bunch of shit
that you can put into, into the namespace. And what it does is
it takes it, I feel it sucks energy out of the things that we
should be concentrating on, like, I don't know, across that
comment, I'm just gonna throw some simple out there. But
there's other things in our now six phases that are really
important, like the one you're about to bring up. But but it's
just become a free for all of everybody. Oh, I got a great
idea. I've been dreaming of this for years. And now it's annoying
it that's just my observation. I have no control over the GitHub.
That's all you and I'm just throwing it out there.
Dave Jones: I'm gonna take the opposite side of the fence from
you. A now in in one specific way. Now, I agree with you that
the we have more important fish to fry. Yes, I totally agree, we
got some important stuff that we need to do. I'm trying to I'm
trying to wait a little bit until some of the dev and some
of the existing development work comes down. In before we start
in
Adam Curry: one development work, everyone's trying to raise
money. Now as far as I can tell, which is going to suck a lot of
development time out of people,
Dave Jones: no Captivate, Captivate just be No,
Adam Curry: oh, no, no, no. Oh, I'm sorry. I'm sorry. I'm
talking about on the app development side?
Dave Jones: Oh, yeah, well, you know, Pocket Casts is looking at
2.0. And that in this kind of, you know, we found that out last
week, true. And I was trying to trying to let there be some a
little bit of a, you know, a little bit of catch up to be
done, you know, let people get caught up as much as they feel
like they need to. And then, because we got 20 tags, you
know, so much. So my point,
Adam Curry: we have 20 tags, which are not supported by
everybody. Of course, they don't have to do it. But I'm just you
know, I'm just saying that like this. I don't know, it just
feels like that's a distraction. And this just because you read
the GitHub, and you get the like, oh, okay, this, and it
gets your juices flowing about something else. And I don't
know. I mean, again, I'm sorry, I should shut up. I made my
observation. You're trying to tell me what you want to do?
Dave Jones: No, no, no, you're. So that's so that's where I
disagree is that I think that it's not a distraction. It's I
like it when people throw just everything they can at the wall.
Because we may be. So take a take a tag, like has guests,
probably not going to be a formal tag. I mean, it's just so
niche, and so specific. And I think we've got other ways to
handle that. I mean, I could be wrong, but I don't think it will
end up being a tag. But at the same time, as guests may have
some piece of it or some piece of reasoning within it, that
also that actually informed another tag down the road, or on
the other side of the proposal list that you can end up
combining and I think channels is is actually a really good
example of that. Okay. So channels, you know, is is that
that idea that we talked about last week of grouping, if
grouping feeds together? Well, channel we actually had, we
actually stopped working on channels, in order to go build
guid is a Gu it really was born out of the channel i idea. But
then, you know, we just never went back to channels. But so in
that, that's where you could have some sort of like cross
pollination of ideas. That to where, even though one thing
doesn't actually make it all the way to the finish line. It can
be a critical part of some thinking on another thing. Like
chit chats or channels. You know, the idea is that you're
going to group feeds together. And you know, what we really
didn't want to do is group things or reference feeds by
URL, because URLs can change shows move from host to host. So
okay, all right. Okay, how are we gonna solve this problem?
What we came up with good. So the good is universal idea.
We've talked about it before. It's generated from a hash, a UU
ID five hash of your current of your, your current Feed URL as
it exists right now. And then you put that into your feed with
the podcast colon guid tag,
Adam Curry: which I have in all mine, I think I'm support Yes,
I'm supporting it.
Dave Jones: Yep. And so now once you have Gu ID now you have a
way to referent to refer to all those goods, which are universal
IDs for podcasts. You got to wait to refer to those Gu IDs in
some sort of channels file. And that's what I'm that's what I'm
thinking about right now. Is we in Get up coming up with three
different ways to do that. Or three possibilities we, we sort
of came up with, I think the original proposition was just
using JSON. In sort of like defy, you've got this channels
file, which is going to list out all of the members member feeds.
So you may have a JSON file that lists out, you know, podcasting
2.0, no agenda, Mofaz Korean keeper, daily source code. And
then that would be your channel, this the Adam curry chat,
Adam Curry: and okay, and so and how does that work for my
different audiences with a lot of overlap? I mean, what is the
the listener experience of the channel?
Dave Jones: So the listener experience is what so here is
there's like a two way street. This I'm glad. Okay, I'm glad
you asked this, because I've forgotten this aspect. It's a
two way street. So the the, the feed, so you're gonna have a
chat, you're gonna have a channel file that references
podcasting, 2.0, no agenda, Mo facts, current keeper daily
source code. Each one of those five feeds will also have a
channel tag in it that links back to the channel file. Yeah,
so it links to the URL of the channel file. So now, if I'm
listening to mo facts, my podcast app can say, can resolve
can go out, can see there's a channel file go out and get it.
And also say, in some way, it can know how it presents us, the
user, you know, is up to whatever app, but they can also
inform the user that, hey, this feed you're listening to is also
part of a channel with these other feeds in it. Okay, it's
like a discovery, a really good discovery mechanism. Because if
you've subscribed to one, you did it for a reason, you may
want to subscribe to something else related to this. So at
least, you know, at least they're sort of grouped in a way
that the podcast app can discover. So
Adam Curry: my question, it's not something I'm interested in,
honestly, I just I don't know why it's not I'm not trying to
be controversial. What is the demand for this? And or is it
something we think there's demand for and we and we want to
create the demand? I'm just, I'm just trying to understand where
where the where the demand for this particular feature comes
from.
Dave Jones: So it can really it comes from? It's necessary for
few reasons. I mean, necessaries Nia loosey goosey word? Well,
let me answer Nathan's question first, real quick. He said,
Doesn't the podcast author proposal replaced the chat the
need for channels? No, because just because the author, because
you can group channel, you could, you could imagine a
grouping of, of shows that really don't have any connection
to the publisher at all. You could be a grouping of shows of
like, of all all of Amazon's originals. And they're going to
perhaps have different publishers. So they may not even
reference Amazon necessarily, in in the in the publisher tag. So
that you can you can envision scenarios where the PA where
they're still groupings beyond publishers. What you said the
one one perfect use case off the top would be a musician. Let's
just say tone record. He's got five albums. And each each album
is a feed. Each episode is a track. So now he needs to go
with this one level up and say, Okay, I need some way to do to
show like my entire catalog. So at that level, you can think of
channel as catalog for this for this particular
Adam Curry: thank you for answering his question. You
answered my question perfectly. It's appropriate for music.
That's where the demand is coming from.
Dave Jones: I would I would say that's probably the most
straightforward use case for it. And then all the other ones you
all the other use cases you can think of you can kind of get for
free.
Adam Curry: Yeah. Okay. So, yes. All right. I'm with that. I
mean, I would call it discography, but I understand
doesn't, okay. It doesn't really matter what you call it, as long
as it has that function. So yeah, that makes sense. And I
can see that being built in.
Dave Jones: Well, so then, you know, the question becomes, how
do you build this channel file? It can, is it going to be it
because there's really, I can think of three and I can think
of three good solutions and I honestly don't know which one is
best. So you can have a J, you can have JSON file, it's got
some, maybe it's got, it's got broad support. It's it's fairly
easy to
Adam Curry: work. We're already we're already publishing things
in JSON such as chapters,
Dave Jones: right? You've got RST,
Adam Curry: I believe, I can't believe I'm shilling for JSON
here. What's wrong with me?
Dave Jones: You've got he got RSS, I mean, just RSS itself. It
maybe not. Maybe it's sort of a little outside the use case of
RSS, but, but you could still use it. But to me the biggest,
the biggest to or are JSON and OPML.
Adam Curry: Yeah, and I would vote against OPML. Even though I
love OPML, I live in OPML. OPML is keeps my life and my my life
together. The only reason is I saw what happened with OPML.
OPML is a very rich, standard. And all it's ever used for is
collecting podcasts, exactly what it would do. Well, but in a
subscription list. So now to explain that this is a channel I
think is more complicated than it has to be. Whereas this is
only going to be done by hosts anyway, they're probably mean
they have to go, I don't think a lot of hosts spin up OPML output
and JSON is probably something they're already familiar with.
Dave Jones: Good point. That's a good, that's a good point.
Adam Curry: Even though I love OPML, and I you know, and open,
but even OPML in the apps today is a subscription list. It's not
a channel, I know the differences are a small nuance,
but I'm just a stupid user. So that's how I look, that's the
voice I'm bringing.
Dave Jones: No, it's a good point. I mean, it's a good
point, because you have so so on the hosting side, you would have
probably a more more aptitude with JSON on the app side,
you're gonna have, you're gonna have probably, you know, plenty
of experience with JSON. They also mostly they know how to
speak OPML because they use it for import export lists. So they
really could speak either one,
Adam Curry: right, but what but what is the user is not
publishing the channel, the right, right publishers creator
and publishing the crap. Yeah, but they, they consume it. And
it's like, it should just surface in the app, and it says,
Oh, here's the channel that this album or this artists or
whatever belongs to, then I think for the user, it's just
gonna be a list or whatever, it's not gonna does not going to
matter if it's OPML or JSON.
Dave Jones: So the geeky part of me.
Adam Curry: Yes, this is what I'm here to thrash.
Dave Jones: Yes. The Geeky part of me really wants to go opium
mill. Because you can reuse the name, the podcast namespace in
the OPML. Because it's just XML namespace. And you sort of get,
you get this big win for free. But that really is just excuse
me Explain
Adam Curry: that. Explain it to me. I'm interested explaining
again, what do you get? What do you get for free? If you do it
that with opium? Well,
Dave Jones: so you know, so we got the Podcast, the podcast
namespace, which is in RSS, but it's really just, it's, it's a
misnomer. That is an RSS namespace. It's an XML
namespace. So, cause it's just an XML namespace. We can also
use the podcast namespace in the OPML. file. You basically get to
apply your namespace to the feed and the channel.
Adam Curry: Oh, I see what you're doing. Okay.
Dave Jones: Whereas a JSON doesn't have a defined schema,
like you don't, there are namespaces for things or
namespaces for JSON.
Adam Curry: What's so crazy they'll do throughout this whole
thing? I've been trying to find the channels discussion. And I
can't find it. All I've got is now like, Oh, come on. Just you.
I can't how in GitHub, I can I just search it. I mean, I'm in
the podcast, index, podcast, namespace discussions, and then
Dave Jones: get no no good issues. Oh, it's an issue. Yeah,
well, it is now. It's a good proposal, podcast channel, a
group of like, oh, it's
Adam Curry: an issue. Okay.
Dave Jones: I'm sorry, issue. 240. That will help you.
Warning. It's a very long discussion. Very long.
Adam Curry: Oh, no kidding. Yeah. That's okay. Oh, I see.
Podcasts warning. We got
Dave Jones: all kinds of there's been an action on this within
the last few days. Oh, Kevin. Kevin from Buzzsprout. opened a
new issue. For pod roll. Oh, yeah, here we go. Okay. Yeah. So
this is, uh,
Adam Curry: this is basically the same thing. No, not
Dave Jones: be gay might be taking a look, he might be
taking a crack at it simplifying this. I haven't read through the
chair psaltery through. Okay, well, that that may be. Yeah,
we'll have to read through this before we continue. But that's,
that's, that's where we left. That's where we left the channel
channel discussion. And I'm really I mean, I'm open to
whatever, you know, I mean, OPML I mean, the point about JSON
being easy to produce and consume both.
Adam Curry: And that's just me saying that. Am I a good one? I
mean, I can read both. And I know, I can probably write both.
I understand both. Just I'm just going for what's simple to get
done here. Yeah. Yeah. So but
Dave Jones: asking the host to produce OPML? That would
probably be the biggest struggle.
Adam Curry: Yeah, because it goes to because I'm sure they
already have JSON writers or you know, whatever you call it. I
still, I still can't find channel. She all kinds of stuff.
But
Dave Jones: oh, you can? It's 240 here.
Adam Curry: Right. But how do I get to? Oh, I have to go. I have
to go through the numbers here to get to 240. I see. I see. You
Dave Jones: just tag a 240 on the end of the URL. You'll get
there.
Adam Curry: That sounds obvious. To 40 I've got a group of
podcasts. Okay. I got Thank you. Thank you. Okay, I see what
we're doing here. Oh, yes. Warning. That is a very long,
everyone. Hi, everyone. So creative. Wow. Okay. Anyway, so
that's what I mean. That's, that's my whole point is okay.
We have how many like, for 70 comments, no cross app comments?
Dave Jones: Well, we're still we're still working through that
we got we've got an HTTP to HTTP to. Glitch. Oh, we're through
oh,
Adam Curry: what HTTP to glitch was this.
Dave Jones: But the podcast comments stopped loading on the
site. Oh, and
Adam Curry: this is no bueno.
Dave Jones: Yeah. And so Geremy said that he thinks that it's a
this an issue with the translation between HTTP two as
it goes through the reverse proxy at Cloudflare. And comes
down to the browser.
Adam Curry: What is HTTP two? I've never even heard of this.
Dave Jones: Yeah. So So there, you know, there's HTTP 1.1. Was
Yes. Oh, yes. Of course. Yeah. Well, one dot I was was the old
school and then went out one, which brought like a keep alive
and some improvements. Okay, so then you got a few years ago, it
was HTTP slash two came out, which sort of really
reengineered the way that connections are handled. So it
you instead of, instead of opening up a separate connection
for every resource, like page JavaScript style sheet, every
one of those being a separate TCP connection or connection
pooling? Yes, so you have one connection and all of its
resources. Oh, hold on.
Unknown: Shot Carla 20 is blades on am Paula
Adam Curry: taking a break from the ski slopes? Sam Sethi checks
in with 101010 101,010 SAS we got a new number here. This is
what is this some binary for something right?
Dave Jones: Don't hit a tree, Sam, pay attention what you're
doing. I gotta see what that is. That's how Bondo does.
Adam Curry: He's Yes. Bono. No bond bonus. Oh, no fish share.
And yes, I want Sonny Bono. Yes, I want to use the new channel
tag to be a producer page showing all the other podcasts
from that producer. It's great for discovery. If I listen to
one pod podcast from a producer, I can now see all their other
podcasts. This is similar to Apple channels. Ah, so this is a
Genesis perhaps, apple? Oh, okay.
Dave Jones: That was the initial that was the initial idea. Okay,
people like Alex were like, you know, immediately saw it for
what it could be, which was things like grouping the
discographies and stuff like that, like you said, sure. We
get Yeah, we get a twofer.
Adam Curry: I like it. So what is this, this number? Is binary
101010. Is that is that 42? What is that binary for?
Dave Jones: Oh, is that an entity actually mean that to be
a signal?
Adam Curry: It's 42. Yeah. Which of course is the most important
number in the universe? Decimal 42 decimal 42. Yes.
Dave Jones: Oh, nice. Yes. Sweet.
Adam Curry: There you go. That's so it's a what do we call a
level 42 Boost. There you go.
Dave Jones: So, is the universe the universe boost? Yes,
Adam Curry: it's exactly. Okay. Well, this is a wall. It's
fascinating. I love it all. And if you know so there's Sam
Sethi. He is a podcast listening experience creator, and he wants
this.
Dave Jones: I think, I think when we jump back into talking
about the next release, when we get back into this, I think we
should start with channels. Like is kind of where I would like to
start.
Adam Curry: So it was started by Tom Ross at your Buzzsprout
fame. One of Apple's features is the grouping from April 23 2021.
Yes, one of the OG it's good to look at these things. One of
Apple's features is the grouping of podcasts into a channel, I
kind of liked this idea and wonder if we could incorporate a
way to do this with the RSS feed, perhaps we could provide a
podcast channel tag that uniquely identifies the channel
or a related podcast tag that points to a JSON of all the
related RSS feeds. So there's a guy who wants it who is a host,
hosting, hosting provider and is already signaling JSON. Which
makes perfect sense. And then oh, look at this. Look at this
suck up. Dave Jones comes in you beat me to this, Tom, this is
absolutely a good idea. What do you look at this man?
Dave Jones: What will you do the voice for me?
Adam Curry: That's what it sounds like. It jumps up to this
tom. Wow. And then Daniel J. Lewis. Immediately, isn't this
what the recommendation tag as opposed to support and we're off
to the races.
Dave Jones: That's all it takes is one set up and one name
change.
Adam Curry: I'm just busting your balls, brother. I love it.
I love I cannot believe I've said this many times. The amount
of talent that is in this group, podcasting. 2.0 that is
unorganized. We're disorganized is only here because we want to
do cool things with podcasting. I again, I believe that we have
a common denominator, which is we should all keep getting the
value flow. You could not collect this amount of talent.
You could not afford this amount of talent. If you had $100
million dollars, you could not do it. And I love it. Awesome.
And the end of $50 million will be Your salary alone. It's what
you deserve in my book. That's what you deserve. Yes, sir.
Dave Jones: $30 million to say. I love you, Tom.
Adam Curry: First in your balls, man.
Dave Jones: This is a good $50 million boy Friday.
Adam Curry: For Friday.
Dave Jones: We do need to you know, like I did build the good
resolver this week? Yeah,
Adam Curry: yeah. This is I even teased out in the open. I'm so
excited about your
Dave Jones: goodness, in his life. We don't need to talk
about it yet, though.
Adam Curry: Oh, I actually had it on my list to talk about,
Dave Jones: well, I don't want it. I don't want people using
it. It is not reliable. Is this purely like alpha alpha alpha?
Adam Curry: What are the downside? So the idea is you can
just throw a throw your your podcast good at this at this
thing, which, which would be something anybody could set up I
guess any, any app hosting company, etc. and it spits back.
You know, your your podcast, right? That's the I wish the
universal and and it kind of becomes the ISBN of podcast. Am
I saying that right? Yeah, that's
Dave Jones: fair. Yeah. It's meant to be this. This
particular software is meant to be super fast, it just just all
add up.
Adam Curry: It's like DNS. Yeah. But I need to open an issue. Why
don't we just use DNS for this?
Dave Jones: Why don't we call it good? What do we call it DNS?
Adam Curry: are called P and S. Okay. So
Dave Jones: it could be the big the big question. And this is
what Christopher I seen. And I see I'm talking about it. And I
don't want to
Adam Curry: talk about oh, I'm sorry. Well, we can switch we
can switch to something else. Do you want to know
Dave Jones: where we're getting? We're getting late in the game.
We probably need to thank people. But um, you know, I
think I'm gonna wait and talk about guid once. Once I'm happy
that it's stable and giving out good data.
Adam Curry: Let's do that. Okay. And it won't be next week. We
have no board meeting meeting next week. WARNING WARNING.
Dave Jones: Oh, yeah, that's right.
Adam Curry: Oh, man.
Dave Jones: Hey, you're on boat,
Adam Curry: aren't you? Aren't you taking the debt? Aren't you
going somewhere with your family? Are you doing taking the
day off?
Dave Jones: Oh, yeah, that's right.
Adam Curry: I know your family's like I know it's like, annoying.
I know family.
Dave Jones: Yes, yes, we are. Yeah, we're going out of town
for a couple of days.
Adam Curry: Oh, nice. Well, I'm also out of town so everyone's
out of town. So there will be no no board meeting the board
meeting will be will be locked.
Dave Jones: Lobby deaf out I will definitely be have the good
resolver stable by two weeks from now. Okay, all right,
there's plenty of time.
Adam Curry: Let's thanks some people this is a value for value
if you want to learn more about that and by the way, I want to
thank James Cridland for appropriately plugging value for
value dot info. But But that's, that's a an overview of what
we're talking about here and how it works. You can support the
show you support the entire project you keep the server's
running, you keep us in the Dr Pepper which is about all we can
afford. That's what I'm drinking right here. And you can do that
by going to podcast index.org Scroll down to the bottom. A
couple ways to support us. Let me check the tally coin while
we're at it because people wanted to send us a note on
chain Bitcoin. Let's see if anyone's done it today. drab do
not do it. Do not do not do it. Don't press that key don't press
that button dread. Good nothing there. Of course you can also
support us through your with your Fiat fun coupons. You can
do that through PayPal. That's the donate to the red donate
button there at the bottom. But what we really love is you got a
modern podcast app, drop the legacy go to podcast apps.com
select any of them that do value and boost us and that is exactly
what Mike Neumann did. Mike Newman
Unknown: Sakala 20 his blades on am Paula 101010
Adam Curry: channels could be a genre like Sirius XM classic
rewind, etc. Channel talk is hot. Yeah. 10101 is a binary
baller. Ah, there we go. Okay, binary baller. Thank you so
much, Mike. We just thank Sam for his binary baller boost tone
record 333 33 sending a boost so I can sit down again after being
made an example of in front of class during discussion with
music feeds. Then we have Sir Brian of London 31,948 SATs a
triple Israeli boost Putin don't fear the Reaper nor do the wind
the sun or the rain Shabbat Shalom from Israel. All right,
Shabbat Shalom, Brian of London, thank you. And that must be
coming from hive, where he says
Dave Jones: this The as we get permission,
Adam Curry: the hive reverse Rube Goldberg machine 6969 from
Hey, citizen, will podcast and 2.0 artists have an easy way to
report their earnings to Uncle Sam or uncle Trudeau? Well, it's
actually not that hard.
Dave Jones: I guess I can tell you, I had this on my list to
talk about what to do, because Alex talked about it this week.
On the podcast, index dot social, it's really not hard. So
what, what I do is I go into, I go into thunder hub, and just
export everything for the year there's there's basically six
files you get in there split up into on chain, and lightning. So
you have chain fees, risk research on chain receives on
chain sins. So those are sort of your three reports from that
they all come out in a CSV file. So you can open them in Excel.
Then you have on the lightning side, you have forwards, which
are the fees you get for forwarding lightning payments,
you get payments that you've made, which is like a send, and
you get invoices, which is payments you've received. So you
just export all those out, I take and I ditch the chain send
out of it. Because 99% of the time that is just a channel Oh
channel
Adam Curry: open or close.
Dave Jones: And I so then I just sum all this stuff together, I
take all the all the the invoices, everything all the
invoices, as a as a positive as income, everything about the
payments as as an as an expense or as reducing income. For the
forwards as income and the Senate and the fees, excuse me
the received and the fees, you just take those accordingly. So
you basically just you can just you can take this thing and just
stick it in a huge spreadsheet and just just sum it all when
you get in and it exports all the Fiat values. What, how much
it was worth that day. So for every transaction that's got the
dollar amount of what it was worth that day. So I do that and
send it to our accountant. It sounds complicated to explain,
but if you see it is just really not that hard.
Adam Curry: Now the best thing is you do it. This is what I
love about it. Brother, thank you so much. I'm so happy you do
that.
Dave Jones: By the way. It's worth noting. We did we did have
to you know file our tax return $750 for the tax prep fee.
Adam Curry: No, it's actually more because I had to ask our
law firm if we had correctly filed and close everything in
the state of Washington. soon. Did they charge you an hour for
$368? Brother? Oh, yeah. Oh yeah.
Dave Jones: 1000 bucks for tax prep. Now. Yeah. Ouch.
Adam Curry: Now we know 8888 From Fletcher. Thank you brother
Chad F eight. Oh, he says it's a Bookstagram Yeah, we got you.
There's Dred Scott with a one to one to one two. We need to we
need a name for that kind of boost. That was his boosting
bigger for more namespace talk. And you got it. Another NBA get
another Bookstagram from Chad F. We got well, there was a Dred
Scott One to One to One. Darrin No, we gave him a big baller for
the one on one on one. Oh. Another big payment. Y'all are
awesome. Play the big baller jingle to annoy sir bemrose
Please go pod. I guess he hates it. 111 stats from some quack
que Dobie das 25,000 We appreciate that bore log with
10,000 There's the Fletcher the Satoshi slam with 88,888
Blueberry was 6969 Why we Zawawi I want a smartcast Okay, okay.
Eric p p 33,333. Satoshis bigger than fed coin a Fed now coin.
We've got to talk about that. Hey, hopefully we'll be okay now
the Fed now for your booster grams. I can see critical and
getting ready. Dred Scott one to one to one with that was his
test right? We got boost from the pre boost than we have 6969
from a citizen raised his hand live ready to get lit. This is
just before we started. We got let's see Pfeiffer with striper
boost. 7777 Howdy, Adam and Dave, thank you for your
courage. PSF Dave likes green likes the green sky or GreenSky.
Green sky.
Dave Jones: Green Sky Blue Grass.
Adam Curry: I guess we have a show on the no agenda stream
Sunday mornings for that yo. Some kind of music maybe I'm not
sure.
Dave Jones: Green sky bluegrass.
Adam Curry: Oh, yeah, there you go. That's what we were boosted
and pre boosted. Thank you all so much, Dave. I'm sure you have
many more that we can think
Dave Jones: we have one. donation to PayPal.
Adam Curry: That's all whipped. That's one too many really? I
mean, for the conversion, but we appreciate it.
Dave Jones: $20 from Curtis Peterson Thank you, Curtis.
Thank you Curtis shade, appreciate it. No note he Curtis
did not leave a note. We got one on one on one from C Dubs.
Through podcast index website and he just has a little ASCII
emoji. He says Yeah. Did anyone
Adam Curry: ever look at the at the get Alby multiple approval
budget flow process that we talked about on the last show?
Dave Jones: If they did, they did not tell me Okay, so
Adam Curry: I do not know. I'm just raising my hand again.
That's kind of confusing for new people. And it kind of kind of
ignores the splits often.
Dave Jones: Steve Webb oh gee God caster 7777 striper boost,
he says hi guys, just checking in from last ring media Central.
Go podcasting.
Adam Curry: And, you know, his, his daily Bible is very often in
the fountain top 10 podcast. top of the charts. Yeah. Good to see
you.
Dave Jones: Steve Webb back again. And he said in 77. He
says, I know the guy who brought the striper guys to the Lord. As
far as I know. He's still in contact with Michael Sweet. I'll
see if I can let him know about the striper booths. All right.
The funny Hey, wouldn't it
Adam Curry: be great to get striper on value for value?
Dave Jones: Man if they could pull that off? That would be
hilarious.
Adam Curry: Yeah. It would be the best and we should get
striper. Lilian X. Who else what else can we rope into
Dave Jones: the Lillian axon the you can you can evangelize. I
can try.
Adam Curry: I mean, they got they got real label deals, but
if they can play outside their label deal Yeah, why not?
Dave Jones: Macintosh 2100 SATs he says Dave Cypress did the
bank haircut. I don't remember the details. But it was a fail.
Fail in situation and accounts had a percentage removed to save
the quote system.
Adam Curry: Oh, yeah, that's a bail in.
Dave Jones: There's a Balian. Okay. Yeah.
Adam Curry: I remember that. We had no agenda stream, no agenda
had Mr. Oil. And Mr. Oil was a huge supporter of the of the
podcast. And he got he had like, at some point, he had a Bitcoin
mining pool set up. And he was he was just going but he taught
me a lot about pipelines. And then all of a sudden, Mr. Oil
was like freaking out. Let's go. And he's Russian, I think. And,
I mean, Cyprus, they're stealing our money. The bank is stealing
our money and they literally went there personally, to try
and get their money out in cash out of the Cyprus bank, and they
did not get all of it. There was a bail in and they lost, I
think, sufficient amount of money. And I haven't really
heard from Mr. Oil since
Dave Jones: he out. He lost an oligarch I think
Adam Curry: so I think for
Dave Jones: mere mortals podcast 20 to 22 the row of ducks they
found Denise's fun story on Perth Mint. I used to own shares
in them as some exposure to gold. One day in 2019 I woke up
and found that they had literally taken away one share
of the 100 owned called up the ASX and they were extremely
shaky and whether it was legal to do that some BS about
administration rollback blah blah, are dodgy through and
through
Adam Curry: Wow reduction ground report from from Down Under Wow.
So those guys have been scammers all along. Not just a diluting
the gold
Dave Jones: let's see we got 10,000 SATs from Dave Jackson
the school of podcasting says love the stats page check out
the newly rebranded future of podcasting.net. Yes with myself
and Daniel J. Lewis.
Adam Curry: I liked that show a lot. Yeah, it's a great show. I
like that show a lot. Yeah.
Dave Jones: Mike Dell, getting in on the striper action 77 7070
pod verse he says leaving Vegas boost listing at the airport.
Boost boost boost gene ever 3333 through fountain he says boost
pneumatic coder 5555 through pod verse he says I listened to
podcasts with shucks bone conducting headset. In December
I developed headaches for my jaw that lasted three months. I
couldn't figure out why until you started talking about pots
beading. I realized it may have been caused by listening at 1.5x
for no problems when I listened that 1x ADAM You saved my life.
Adam Curry: Another life saved or created right?
Dave Jones: There's been
Adam Curry: no I was gonna say we have cured him from pod the
pod speeding use disorder.
Dave Jones: Yeah, that's right. Yep, yep. Now he's just a nice
just to pull. It's not a disorder, I guess. Per gene been
33 See me 1337 lead booster cast medic, he says regarding the
chat on the tag for channels as a listener. I like the idea of
making it easier to find other shows from a network whose
podcasts I'm already listening to. This proposal sounds like a
way that could easily happen in app instead of going out of the
podcast app going back to the website and then back to the
podcast app.
Adam Curry: Whoa, whoa whoa whoa, you got to fly that by me
again.
Dave Jones: Now he's he's saying he likes the idea because you
can pull the the it keeps you in the flow podcast app can bring
that those recommendations to you instead of urine go find
them Sure.
Adam Curry: Oh, yeah. Oh, sure.
Dave Jones: Khalil 10,000 SATs through founding says as a
musician myself all that talk about music podcasts got me all
hot and bothered. I might have to might have to build one of
those music apps so I can sit still again. Go podcasting. How
you doing boost
Adam Curry: podcast. All right. Sounds
Dave Jones: good. You I guess so that would be a good looking at
Adam Curry: but Oh, yeah. Well, we can use that and for sure.
Dave Jones: Yeah. Mere Mortals podcast Karen back again. 2223
Fountain he says I held out as long as I could. Where can I get
the bootleg copy of this infamous DJ said that I've heard
only contains Non copyrighted music. Well, you can't it's not
available.
Adam Curry: Yes, it was. I'm sorry. It's just not available
for anyone. It's just not
Dave Jones: the arrow statica 2376 He says I own V for V
player.com I'd be happy to donate it to podcast index.org
Adam Curry: Um I would I wouldn't. I would hold on to
that. No,
Dave Jones: she wait for I don't really have a good use for it
right now.
Adam Curry: Maybe V for replay ya play.com But hold on to a man
you so much. Someone will want that terminal one time.
Dave Jones: aerostatic again, 12,000 sets through felting 200
sets emitted equals 12,000 sets an hour equals about $2 on
312 23 That's fair for an hour of entertainment.
Adam Curry: Well that's my standard and then I'll move on
to this I've been boosting less and I'm trying to not boost all
the shows all the time because I'm sick of hearing myself in
the in the booster gram segments.
Dave Jones: Yeah, yeah for you. And you know it's just like here
need to
Adam Curry: I deserve that. I deserve that. Well, your wishes
granted everyone's poor now I'm not boosting anymore. No more
beer at Podcast Movement contagion.
Dave Jones: Joe W recessional Richards through fountain No.
Note. Clerk. I'm glad he didn't stick a note down in his satchel
Richard because then I'd have to dig it. Oh, you don't want to do
that? No, no, no, no, no. Clarkie in 25,000 says he says
new episode of GG no read the indie podcast should have
dropped this past week. All nerds please support K Thanks.
Bye
Adam Curry: bye. Hey thanks for
Dave Jones: Nicolas be 58 21,000 SATs for fountain premium let's
effing go podcasting. No No Yeah,
Adam Curry: we support we want you to support the podcast apps
if you're doing premium then I think fountain takes away your
your fountain fee right. That's a great way to do it. By the
way, I think it's great.
Dave Jones: Nicholas BVBA is back again when he says another
one just for fun. Well, thank you 21,000 says, boost chat F
31415 pod verse he says Pi Day donation.
Adam Curry: Oh, beautiful, beautiful.
Dave Jones: Coal McCormick 3333 through fountain he says You
guys should look into the ordinals protocol and see
alignment with podcasting. 2.0 the ability to transcribe a
Satoshi with media feels super important.
Adam Curry: You know, I'm not so sure. Yeah, it's very expensive.
Dave Jones: Cola Mona. Do 20 is do 20,000 SATs status is is
great show love you guys sir. libera.
Adam Curry: Bow man. People thrown big, big, big bunches of
satis I'm premorbid budgets
Dave Jones: come in Kevin bass 70,000 SATs the founding
reopening a channel to me. Here's your kick back go
podcasting.
Adam Curry: Oh, that's nice. Didn't have to do that. Now. We
were happy to open channels anyone who needs it just try not
to get zapped through it which I think he I think he actually
opened two or 50k SATs to us. Because he got he got tour he
got kicked off during the Zappa Palooza
Dave Jones: that
Adam Curry: this happening is happening. And so I opened a
500,000 back to him but that's fine. But anyway, thank you very
much, but you don't have to do that. And again, that's why we
keep all of all sides that come in. Do not leave the podcast
index note and we use it for routing at cheap rates best
price
Dave Jones: it's like a bailout plan just like everybody every
year it's like a bail in everybody boost the show so that
we can before the feast open channels to everybody to
Adam Curry: bail in. Boosting is a bail and I love it. Good one.
Dave Jones: For log 80,000 SATs through pod verse he says all
your hard work is much appreciated. All I can say to
both of you is thank you again for this project. Welcome.
Adam Curry: Lots of people working on it, man. Thank you.
Yeah,
Dave Jones: lots of people. Let's see him. 1776 He says
thanks for the book tip on the Fed. Liberty boost of 1776 Have
you read books by John Baptiste Say best premises learn Linda
Scott and Martin Linda Scott No I have not No I
Adam Curry: have not either. So much to read so much. Yes, it's
hard. I've actually gone to some audio books while driving in the
car you know supplanting podcasting just so I can get a
book in
Dave Jones: I'm not ready to jump at the say but I have read
Frederick busty out and to me that's it Asik if nobody has
read the if you haven't read the law, you must read the law. It
is the moral substrate for every thing that every thought about
government to me, it's it's
Adam Curry: that empower. Okay, the law. Got it. Yeah.
Dave Jones: Comic Strip blogger, the delimiters 30 3015. Through
fountain he says, delectable Dave and advancing Adam. You're
all inspiring endeavors are a sleeping giant, patiently
awaiting the implosion of a debased media. Thankful
podcasting Power Rangers of getting no nation are enabled by
your work to spread info sanely across the realm, including go
getter Gregory Forman, with the AI dot cooking show, which
documents alleged artificial intelligence as it is used to
hypnotize humanity. Yo CSB.
Adam Curry: Podcasting Power Rangers I like that. That's a
show title. Alliteration is everything in my book. Thanks
comics your blog and he just he boosts every single show I do me
he we should have the comics your blogger channel all the
shows the connoisseur blogger boosts that's a good that's a
great is that a valid use for a channel? Can we do that?
Dave Jones: 100%
Adam Curry: Oh
you did it. You did it. I had a cued up to fire.
Dave Jones: Monthly killer by dollars. Jeffrey Retford. $5
Chris cow, and $5 Jeremy Kevin all $10 Derek J Fisker. My
favorite name $21 Paul Saltzman $22.22 David Norman $25 Daymond
Cassie Jack $15 and Jeremy gerdts $5 That's our group Thank
Adam Curry: you very much monthly Thank you boosters Thank
you pay powers. Everybody not let you know I have a bad
feeling about drugs. Because you know he's just going to do some
talent. We'll make sure no, we didn't do a tally Coyne all of a
sudden, he promised he promised to please don't because I'm
gonna close it now we won't see it if you do it. Thank you all
so much. It's really appreciated. And it keeps me It
keeps us going. And really does. We actually, I mean, I'm just
gonna say I would love to upgrade some of our hardware, if
only for the issue that we've seen over the past week, which
is a large queue backed up because of the over huge usage
of Ponting. And here's what happened for me twice. Actually,
it happened to happen with Corinne, the keeper. But it's a
little more pronounced when it happens to no agenda. So on
Sunday, Sunday, but today, no Thursday yesterday, produced no
agenda. Now by request. I, I first I send out the tweet and
the tute. And then I grabbed the URL of the tooth or no agenda,
social and use that as the social interact route post,
which makes sense. And I think people very smart to say, hey,
why don't you do it here? Why do you create a new post, we get
just two things now. And so I did that, and I ping the pod
ping. And then it just wasn't updating. And what you get then
is people have seen that tute or the tweet and they want to get
it in their app. And then they get mad at me they're so spoiled
by the 92nd update. Like yeah, it's not bloated to found him
You didn't upload it to pod verse. He's not working on Casta
manic like what am I gonna do? I don't know what to do. And it's
like 1112 13 minutes and like so I hit the pod ping again. I see
it come through like it's coming through. But there was just a
backup you had we had like 900 shows in the queue because of
something Buzzsprout was doing I mean, that which is valid I
don't know what they were doing but it doesn't matter. We just
had a backup massive.
Dave Jones: This will it's not it's it's not worth focusing on
because this will be fixed. Without without throwing
hardware.
Adam Curry: Okay, here I am trying to get you bigger
hardware. I mean, what an ally up and fumbles the ball What do
you call it? A basketball
Dave Jones: good one. You really nailed that right? Yeah. It's
three pointer touchdown.
Adam Curry: So we don't need
Dave Jones: my my desire for bigger hardware. Does not over
does not does not override my desire for small budgets.
Adam Curry: With you let us know when we need bigger hardware.
Dave Jones: Eel, you will know you will? Absolutely no.
Adam Curry: Does that mean it'll be too late when I know because
I've been practicing
Dave Jones: threatening. Formative. You will know. You'll
know when you get the emails.
Adam Curry: Alright, man, what else? Anything else for before
we closed the door on the
Dave Jones: Nam? Good. We'll we'll talk about good resolver
once it's once it's awesome. A couple of weeks. And other than
that, yeah, and I'm good. I'm out of here for now.
Adam Curry: All right, brother. I hope you feel better. Yeah,
thanks. Suck. So how's your daughter? She okay. She, she?
Oh, yes. She's Oh, she's fine. You got it. Okay. All right,
man. Thank you so much for that. Appreciate it. Have a great
weekend. Me too. Okay. And of course, chat room. Thank you
very much for being here the board meeting of podcasting. 2.0
we return in 14 days from now for podcasting 2.0.
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