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Oh yes, in US the Cashapp route is a blessing, though still KYC. I know a few artists have already partnered with them on Bitcoin educational programmes and rewards. We did that’s exact thing with Fountain in London, which worked pretty smoothly. What I’m saying though is skipping the claim step and might work better for KYC workaround as they’re not buying any sats whatsoever, they’re being rewarded in sats as a user for buying a ticket to an event in-app.
Yes the KYC/AML is by far the biggest barrier as far as people/fans getting sats for the first time. If flow was; download app > buy sats with card > tip, it would be super easy, but the other issue with that route is self-custody/centralisation ethics. Explaining later is bad, not explaining at all is bad, and explanation takes more than one screen along with important considerations, which is not ideal right after you just paid entry. 💡 Putting here as it just hit; How about: Buy ticket (Fiat/Bitcoin) > % of ticket goes towards tipping balance once the person downloads the app > app on phone is entry requirement Won’t work as well for a single event, however, for a listings app in the style of RA or Dice, it could be a way forward. Sats are then kind of pushed as the “in-app currency”, ie “use sats get xyz benefit(s)” and Q Jump etc… Nobody is missing out on getting access and discounts to lots of events, that why listing apps are always needed.
Oh for sure this the way to measure the metrics. How many of the wallet users in the room that actually tip. 💯 We’ve found the easier the app is to download and receive it works for the normies coming in. This is why doing things like did with having discovery, claim and wallet in one app works well. When it comes to the wallet holders in the room, it’s how many are using lightning and as you’ve said, how many are prepared to actually tip, especially £1 or more of sats. A small party of 50-100 people that all tip £1> twice during a 15-30 min set is a very decent amount for the average musician. Even a more known act would see the fact they’ve made an extra £200, in light of scaling in the future. As we’re all alluding to here though, not every performance will be the same, so for now it’s an addition to that persons tooling and community/fan stack. Then also of course if they understand more and hodl it’s a value increasing stack.
💯 Also, on the point of having a mechanism to give audience the ability to zap the artists; this is one key thing that will accelerate growth. Route should be simple: £5-£10pp in sats distributed pre-event or at the door > QR’s and leaderboard in room > stream Also organisers/promoters like us and should not stray from paid/ticketed events too. The big difference is that our split with performers normally start at 50/50 minimum after costs. Legacy industry promoters more commonly reach 30/70 with the lower end to performers and that’s the better ones. The space is still small yes, but the real takeoff will be in the functions that serve both musician and listener being presented to both with the lowest bar and greatest reward (not necessarily transactional) in the simplest one app way possible. We could be closer than we think…
Our survey is still going. So far, biggest issues seem to be distribution, being able to make anything at all and getting paid bookings.
Not normally. Maybe there is a way to re-broadcast X times or for X time automatically?
You can also catch speaking tonight on the Mutton, Mead and Music show, with the OG @Øystein Berge 😎🫡
Special event and livestream coming up next week with 👀 The listening party for Andy’s upcoming ‘Struzzi Life’ project is a go! 🥳 📍25 Churchfield Road, W3 6EB 🗓️ Weds 30th September, 2026 If you’re around in London, come down, meet Andy and the team. If not, don’t worry, for we shall stream into the valueverse for sure…😎 Keep an eye out for more details and tell a friend to tell a friend. 🤝
Art | Music | Money | Culture Online Bitcoin Culture magazine and IRL community organisation. Also: music.2140art.com TG community: t.me/join2140music #2140Art #2140Music