Hi Dan,

I'm happy to have good faith discussions, but when you start your comment with "BROKEN LOGIC." I get the idea that you don't really want to have a conversation.

I'll give you the benefit of the doubt here one more time, but I certainly don't know how you made any of your conclusions.

I've been working on a related article, but it's still a ways off from publishing.

It might be irrelevant, but the title of this article was chosen because many venture capitalists and startups are using the hype behind crypto and web3 technologies like DAOs and social tokens to suggest that creators are all going to "own" the next generation of platforms and share the wealth. The economics of power law distributions show that is impossible.

I used to interview creators in the travel space, starting at about 2008. EVERYONE I know that is still creating has built a successful business out of it. Many are multi-million dollar businesses.

No one fails forever.

Of course, creating as a business is different than creating as a hobby, but that argument is not relevant because I'm talking about the "creator economy" here.

Almost everyone gives up early. It's very hard to find statistics, but most (I guess 70%+) will give up within the first year.

In the article, I shared that 64% of podcasters don't get past 10 episodes.

Giving up before 10 episodes is not, "expending enormous effort and failing to receive minimum wage pay for that effort" like you claim.

Most give up before they've developed any skills, learned how to promote , or built an audience. This is almost no effort in my view.

That is good for serious creators. Getting to the top 10% or 20% of creators generally means just showing up every day consistently.

Every thing you publish helps you get more follows, likes, backlinks, organic traffic, fans and sales. It all cumulates. The longer you do this, the higher up the power law distribution you will move.

You don't need to wait to be discovered. You don't need lots of money. You don't need famous parents to succeed. There are no barriers to entry and the cost of failure is essentially zero.

As Sahil Blom recently said in a podcast, "Today is literally the best time in history to be an entrepreneur and to be someone who has a bias for action."