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> You don't pay 0.4 cents to watch a video though

Sometimes we pay a lot more: https://graphtreon.com/patreon-stats

> The true value of the video is likely much lower.

The true value of the video varies a lot. Some are demonstrably very highly valued: https://graphtreon.com/top-patreon-creators



I don't think patreon is a good metric since there a low number of people pay for content early or exlusives, meaning the cost is distributed among less people. A video on youtube will cost less and has less value since it's available to more people.




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