[mrtksn]

No, I don't disregard the effect of capital. Actually I clearly said that the capital influences the content, just on the next sentence.

Anyway, the content is a cultural product and if not treated as such you'll end up losing your business to someone who does. In that case, if the blockchain people figure out a way that to reward content in a different way than pleasing advertisers then there's a huge opportunity to disrupt Youtube.

At the end of the day, despite what your analytics software says, it's not just impressions what your product gets - it's people watching videos. Content creators don't necessarily want more viewers, they want more influence or more money or more appreciation.

After all, there's a reason why don't consume the same content since the invention of camera and advertisements.