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> There must be serious network effects, if nobody has risen to eat their lunch. Anecdotally, I agree with this. Getting people to donate to stuff is hard. If
by danShumway 8y ago
> There must be serious network effects, if nobody has risen to eat their lunch.
Anecdotally, I agree with this. Getting people to donate to stuff is hard. If they have to sign up for a brand new service and share payment information with them to do it, they won't do it. So as a creator, you're incentivized to put proportional amounts of work into proportional platforms.
As a user, part of the point of Patreon is to more efficiently distribute micro-payments. There really aren't any good ways to do micro-payments online. Pretty much everything either has fixed fees that make donations of <1$ incredibly inefficient, or it's just a pain to support. So as a user, you're highly incentivized to group as much of your donations as possible onto a single platform so they can be batch processed.
If there was a universal, protocol-based way to send someone micro-payments online that didn't come with any fees, I don't believe Patreon would be able to continue existing. It would be so easy for anyone to outcompete them on everything else.
But I dunno how close we are to something like that. Even in a magic world where bitcoin becomes stable, cryptocurrency still wouldn't solve that problem -- you still have fees associated with payments that make it advantageous to group payments together. Zelle? Maybe? There was an article a while back about cities starting to ban cashless stores, and while I'm normally fairly libertarian, I looked at that and thought, "wow, we should probably have at least one nationalized digital payment system."