3 ms·
I think the goal needs to be to remove the "micro" from micropayment schemes. At some point, the overhead of managing and tracking payments takes up a major pa
by hakfoo 6y ago
I think the goal needs to be to remove the "micro" from micropayment schemes.
At some point, the overhead of managing and tracking payments takes up a major part of its value.
Federation is the potential counter-argument. Let me buy one USD20 per month subscription that covers a huge swath of media. Divide the revenue among publishers based on aggregate metrics.
Then you're dealing with only relatively large and infrequent transactions-- consumers paying $20 per month, the aggregator paying each publisher a monthly cut of $100 or $100,000-- something that doesn't require a completely new financial ecosystem to make viable.
Making it a fixed-dollar subscription helps with risk-aversion. If you're buying 200 other media products in the same subscription, you can avoid second-guessing "will I use this?" It avoids any client-side "I have to consciously specify what I want to back" friction like Patreon.