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Crypto currencies will probably give us usable micropayments and finally enable us to pay content producer in a better way than viewing ads on their page. http
by bhaak 9y ago
Crypto currencies will probably give us usable micropayments and finally enable us to pay content producer in a better way than viewing ads on their page.
https://www.nngroup.com/articles/the-case-for-micropayments/ https://www.nngroup.com/articles/the-case-for-micropayments/
This article by Jakob Nielsen already called for them 20 years ago and if you read it today, it doesn't look like we moved a bit considering ads on websites.
The payment overhead with traditional payment options is just to big. Paypal has 30 cents per transactions IIRC? Way too much if you just want to proces a few cents or even a fraction of a cent. Systems like Flattr or Kachingle solve this in another interesting way but it's still not ideal.
Crypto currencies would solve nicely this problem but of course, there needs to be easier ways of getting them and paying with them. I have no doubts that the latter will come quickly (see also the new Payment Request API). The former, we'll have to see. But I'm optimistic and would be surprised if we didn't have that within 5 years.
- anc84 9y agoCome back when there is a crypto currency that is not 99% scam and speculation. Volatility in value and the missing anonymity is what makes Bitcoin etc utterly useless for anything reasonable.
- bhaak 9y agoDid I mention Bitcoin anywhere in my post? I deliberately talked about "crypto currencies" and didn't single out any of the existing ones that could be used for this. It's also possible that a new, not-yet-existing one could be used for this, like the Facebook coin/token mentioned elsewhere in the thread. A crypto currency backed by a real world currency would of course be best as you don't have an issue with volatility but you have to live with some volatility anyway, if you don't restrict yourself from buying from places that use the same currency as you. Anonymity is obviously not a problem for most people as you can see by all those people that use Paypal and credit cards. For those people even the level of pseudonymity that Bitcoin offers would actually be an improvement.