3 ms·

I think the potential of micro-payments was never reached because transactions are currently too large, and uni-directional. If we could process payments of $0.

I think the potential of micro-payments was never reached because transactions are currently too large, and uni-directional. If we could process payments of $0.01, it would create a culture were you are actually willing to pay for content. Also, if you make a insightful comment, a product review, or even a upvote, you should receive some credits to spend back on consuming content. Doesn't have to be blockchain, it would be effective even if limited to one site or content provider.

mdhardeman 7y ago
What we actually need in a practical sense is Kindle Unlimited but for web content. And furthermore it could be a plurality of those kinds of providers aggregating content. Deploy single-sign-on schemes, and websites might participate in a plurality of programs from different vendors. But at the end of the day, you'd pay one or two "providers" a monthly sub, they pool the funds, take their cut, and do prorata distribution of the pool based on views, eyeball time, popularity of content, lots of ways. No need to perform microtransactions from a banking perspective. You're going to eat $20 of web content this month, and so will lots of others. And then those views can participate in the pool and get paid monthly or something.