Latest / Macroaggressions / #647: The Real Independent Media | Indie (Clip)

Transcript

#647: The Real Independent Media | Indie (Clip) · Macroaggressions

• 0:04
  The band video got, you know, went away with Info Wars going down.
• 0:08
  It used to get great views there, but now I don't know.
• 0:11
  Now it's gone.
• 0:12
  So I don't I don't know what I don't know where people are going to go.
• 0:15
  Rockfinn's dead.
• 0:16
  Oh, I can tell you a whole story about Rockfinn.
• 0:19
  I was one of the first channels that Rockfinn decided to eliminate.
• 0:22
  Oh, really?
• 0:22
  Indie News Network stopped being able to live stream in June of 2023.
• 0:27
  I published a whole series of articles just about their slide and decline.
• 0:32
  And, man, what a disappointment.
• 0:35
  And I was I went into Rockfinn as a fanatic, like a raving fanatic of the idea
• 0:42
  of even their own token, which people told me it was it was a grip.
• 0:48
  It was silly.
• 0:48
  But looked something that supports the artist.
• 0:52
  You know, there were a lot of issues with it.
• 0:55
  Haking in credit card money in real cash and then giving out this fake money,
• 1:00
  which then they ended up sun setting the token without telling anybody.
• 1:04
  Oh, yeah, the rate tokens that you're holding are worthless now.
• 1:07
  People got stuck holding thousands of these things.
• 1:10
  In one case, somebody told me $35,000 worth.
• 1:14
  I'm not going to say who.
• 1:15
  Oh, man.
• 1:17
  Yeah, it was a mess.
• 1:18
  And they stopped the first they let go of their head of production
• 1:22
  in like January of 2024.
• 1:27
  Then they stopped.
• 1:29
  And we we noticed that the newsletter stopped coming every month,
• 1:31
  telling you what your statement is.
• 1:33
  Here's how many you got and here's what the conversion was.
• 1:37
  And here's what your donations were.
• 1:39
  And the dashboard was there.
• 1:41
  Then in June in June, my channel stopped live streaming.
• 1:47
  So I got in touch with support and they couldn't figure out how to fix it.
• 1:51
  And I'm like, well, should I just fuck off now?
• 1:54
  Like, what am I supposed to do?
• 1:56
  They just ghosted me.
• 1:59
  And then in September, they missed a payout to everybody.
• 2:04
  And I started hearing at the beginning of September,
• 2:07
  hey, you know, I didn't get my rockfin one.
• 2:10
  And then I started hearing it from everybody and I start pressing
• 2:13
  like, what's going on here?
• 2:16
  Finally, they put out a statement that, well, we're restructuring
• 2:19
  and reassessing and read this and read that.
• 2:22
  They paid out on like the 16th to some and then the 17th,
• 2:28
  the others at a reduced rate with no statement
• 2:31
  and no clarity as to what the conversion rate even was.
• 2:35
  And again, I've documented all of this at Indymedia today,
• 2:38
  which is my substack I have published original articles there.
• 2:42
  And they then six months later, shut down the Ray token
• 2:49
  without really ever making any formal announcement
• 2:52
  that this was happening, giving their creators time
• 2:55
  to transition to another, which is USDC,
• 2:59
  which is what they decided to pay out in circle tokens.
• 3:03
  Okay, that's closer to a stable coin dollar.
• 3:05
  That makes more sense.
• 3:07
  Okay, I would have done that.
• 3:08
  They never, they sent one email in 2022 inviting people
• 3:12
  to maybe do this without any clarity.
• 3:16
  I mean, this should be a massive lawsuit.
• 3:20
  It should be written somewhere.
• 3:21
  Maryam Hanine, the B-Lady,
• 3:24
  she threatened a lawsuit of Rockfinn,
• 3:28
  but they didn't respond to my understanding
• 3:33
  and I don't think it was worth her time
• 3:36
  and what she would have recovered to pursue the case,
• 3:39
  unfortunately, but these guys ripped off a lot of people.
• 3:44
  They built up a lot of hope.
• 3:46
  They got everybody's content for years.
• 3:50
  They barely promoted it.
• 3:52
  They did not fix or build the platform.
• 3:54
  I had been writing about issues with the crypto token,
• 3:58
  issues with the technical aspect,
• 4:01
  and then issues with their marketing
• 4:02
  and with the fact that they've taken in all of this money
• 4:05
  from all of these tips and have barely spent a dime
• 4:09
  to actually promote the platform out there anywhere.
• 4:12
  What they were doing was positioning themselves
• 4:15
  to get a wrestling deal from the NCAA
• 4:19
  and basically ignored the independent space
• 4:21
  and now a lot of those videos, all those old shows,
• 4:25
  you can't even watch them.
• 4:27
  They've turned off the archives.
• 4:29
  So the placeholder is there
• 4:31
  and you go to watch and say,
• 4:32
  sorry, this video is not available anymore.
• 4:34
  So it's even worse than making it a race.
• 4:37
  It's like, oh yeah, it existed,
• 4:38
  but we're not going to let you see it.
• 4:40
  Hey, thanks for watching that clip.
• 4:42
  If you want to watch the entire video,
• 4:44
  it is available as well,
• 4:45
  or you can check it out
• 4:46
  as an audio podcast wherever podcasts are served.
• 4:49
  Thanks a lot.