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The important point isn't the micropayments, it's providing some sort of funding channel for an important piece of infrastructure that otherwise languishes.
by mhluongo 9y ago
The important point isn't the micropayments, it's providing some sort of funding channel for an important piece of infrastructure that otherwise languishes.
- rtpg 9y agobut the micropayments point still stands. In practice the model proposed for TCP/IP would not work because it's a decentralized crypto-currency. In which case you're talking about consumables that have a high enough unit cost to "pay the price" of a single crypto txn. Turns out we have this already! It's called bitcoin. Maybe you don't want to change your prices all the time so a new coin could be good on that end (letting markets manage the service cost). But that's just mental gymnastic, especially since ultimately everyone is pooling from fiat for a while (who's getting their salary in BTC or ETH?)
- hossbeast 9y agoIf you work for Coinbase, you can collect your salary in BTC
- rtpg 9y agoCan you negotiate that your salary be denominated in BTC though? So that even if the value of BTC goes up you get the same BTC in the account every month?
- repomies6999 9y agoI think it never works like that, pricing is done in other currencies. Also in webshops that accept btc as payment the prices are never in btc.
- mhluongo 9y agoIf you use a token for the protocol, and the value goes up, and the developers have token holdings- they've made money. No micropayments necessary to use tokens to fund development. Also, plenty of companies in the space pay salaries in BTC and ETH. Check out BitWage for a provider.