Among methods for accepting donations , Bitcoin stands out with its ease of use, low cost, and simple setup process. This is especially useful for podcasts and other decentralized media forms, many of whom offer their service for free in hopes of receiving voluntary donations, making their operating margins potentially slim.
CoinTelegraph spoke with several independent media outlets, from podcasts to radio to video shows, about the unique considerations provided by deriving funding from Bitcoin . A significant source of income
Mark Edge, host of radio show Free Talk Live , indicates that BitcoinCT r: 8 income is around “20% now, sometimes lower. 50%+ at times in the past,” while Rodger Paxton of the LAVA Flow Podcast claims: “I receive about half of my income from my podcast by bitcoin.” Brian Sovryn, host of technology and futurism podcast Sovryn Tech , also receives a similar ratio. “I do a podcast called Sovryn Tech that has been covering Bitcoin since its inception, and so I pretty quickly set up a Bitcoin donation address and that has worked out well for me over the years. Sometimes it’s from quite a few listeners in small amounts, and other times someone will donate once a year or a every few months with a significant amount.” Sovryn is also an indie game developer, and the ratio of Bitcoin received in that pursuit is significantly higher. “While my donations for my podcasts and blog posts are often varied between Bitcoin donation or PayPal donation, it’s very different in that 87% of my PC game sales are with Bitcoin.” Convenient, low cost donations Paxton prefers donations in Bitcoin because of the ease of setup and relative absence of fees . “I love that there are no fees. Both Patreon and PayPal have very large fees that […]
