3 ms·
Yes the inefficiency in mining coins and the hefty fees impact the game theoretic value of this method but it doesn't mean there is no value in that form of com
by zdkl 9y ago
Yes the inefficiency in mining coins and the hefty fees impact the game theoretic value of this method but it doesn't mean there is no value in that form of compensation.
If the choice is between a barren wasteland of providers removing useful content from open access or waiting on 1% of users to subsidise the rest or giving the option to users to pay while they're accessing content, I'll take some form of choice to put my hardware to use for a while if thay eventually pays for hosting and a couple meals to the admin.
I think we agree that this does not work at scale but for small operators and some niches, I'm convinced this is a safe option for the siteowner not to have to mess with a payment processor and personnaly identifiable information.
This last point especially might become more important with the EU regulations on the horizon.
- TeMPOraL 9y agoThe inefficiency makes it too unprofitable to even bother with it for small actors. What am I going to do with the fraction of a fraction of a cent my homepage mines over one year?
- zdkl 9y agoI may be in a minority, but I believe the incentives of this method are "better" for the spirit of the open web, and I for one am prepared for the low revenue if it means this ideology may perdure. The motivation is not to use *coins for their own sake, but that the alternative is getting scarier everyday.
- TeMPOraL 9y agoYeah, the incentives are better, to be sure. Personally, I just don't like the implementation. I see current cryptocurrencies as a huge and completely unnecessary waste of energy. I don't like waste, but the concept of paying with computational resources isn't bad per se, IMO, and definitely better than paying with my attention (and then again with the data the site collected on me). [0] - in the days of energy crisis, when we can't even switch to safer sources fast enough not to risk cooking ourselves on this planet.