[quote name='MiltyG565' timestamp='1390210997' post='2342531']
Get rich quick? YouTube? Ha! The only people getting rich of YouTube are the ones with millions of subscribers/views. Bass channels don't get anywhere near enough subscribers or views to make you "rich". You might earn a bit from it, but I can't really see bassist plodding along to a song earning enough to even live off.
You are absolutely right - the benefits of uploading covers and the like to YouTube can sometimes mean more than money earned from ad revenue. It gives you exposure, allows others to give you advice/critique, allows you to say to potential bands/musicians/producers "This is what I can do" without ever having to leave your house. Your mate seems to think that they only reason anyone would upload to YouTube was to make money, which is silly, because there is literally days worth of footage uploaded to YouTube every day, and most of it won't get many views at all.
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I don't think you can make money from Youtube by playing bass covers because you don't own the songs? Quite possibly wrong but I thought because of the copyright thing that you couldn't make money from something that wasn't yours?