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The transaction fee hits two places. Once when money goes into the system and once when money goes out. If I spend $5/month and split it 50 ways there is no r
by npo9 7y ago
The transaction fee hits two places. Once when money goes into the system and once when money goes out. If I spend $5/month and split it 50 ways there is no reason to pay a transaction fee on each 5cent transfer because it’s within the system.
Twitch’s bits are a great example of this system.
- yabadabadoes 7y agoI think the point was a low participation system relative to the web as a whole has meant systems where many bloggers accumulatad less than a withdraw transaction fee each. Aside from that, they need all the bother of registration. I'm not really sure how I feel about the idea that everyone should be accumulating money on all these things. It kind of devalues things to have people trying to make a lot from micropayments mixed with a more hobby web. I think I've eventually turned away from everything that had some get rich quick schemers show up.