The lack of value is the hardest thing to grasp. I wonder how the creators feel. Obviously they like the pay day but do they every feel like taking in a lot of money for little value. (Although I’m sure they rationalize the value in their head.)
Value is subjective. Just because you don't think it has a lot of value doesn't mean the people paying for it don't.
Plenty of people probably think plenty of the things you pay for don't have as much value as you place on them. In a market economy, it's naturally the people that (ceteris paribus) value a thing the most that end up buying it.
Unless you mean “...according to one set of preferences”, it means exactly that..
> Clearly some things are more valuable than others.
No, you are again trying to make your own preferences and objective yardstick of value. Something's are more valuable to to some people, and these things are also less valuable to other people.
While there are lots of reasons to argue it's not an ideal aggregate (e.g., and this is far from the only factor, because people don't enter transactions in the same starting position, so preexisting wealth weights things) markets are one of the mechanisms of aggregating preference to arrive at “value”.
> To give a computer science analogy it’s like say that just because numbers are infinite you cannot count them.
No, saying that subjective value can't have objective ranking is more like saying that because there isn't a bijection between reals and naturals, the reals aren't countable.
I didnt mean the no value as in "you get nothing back for your money". Streaming is hard work - I dont doubt that. And it entertains me a lot so I dont mind paying some money.
But OTH I watched a streams where people literally donated thousands of dollars to the streamer (In the specific case even twitch refused to take the money and banned the person who spend it because they thought of money laundering). Iam really interested how this will develop the future of media consumption. Also I feel older every day.