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I think there are certain "properties" that will need to exist in a truly sustainable micro-payment system. One of which was discussed, but only to expose why
by unexaminedlife 6y ago
I think there are certain "properties" that will need to exist in a truly sustainable micro-payment system. One of which was discussed, but only to expose why the author doesn't think micro-payments will work.
I think the system will need to allow a user to allocate a flat monthly total they're willing to spend on micro-payments. Then, as the user accumulates more and more people they want to pay, the total gets split evenly (or at a designated ratio) across all.
Sort of like the saying "give what you can, take what you need".
I think there are several opportunities here:
1) I think government needs to be involved so they can create a new "designation" so we can provide rules this new designation follows. Most obvious of which would be taxes.
2) I think as the world becomes more and more connected, there will be a real need for tooling to allow users to manage the 10's or 100's of thousands of people they're paying with micropayments.
3) Probably would be good for standards to exist, so interconnected, de-centralized systems can keep "subscribers / payers" up-to-date with the latest from all applicable platforms, with all of the people they're currently paying.
Tons more, but not sure anyone will read this so won't go into too much detail...