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Cross market subsidies make this possible once you've killed off all the competition. Therein lies the danger of monopolies. To be honest, I'm disappointed th

by bcrl 6y ago

Cross market subsidies make this possible once you've killed off all the competition. Therein lies the danger of monopolies. To be honest, I'm disappointed that no micropayment schemes have taken off yet. I'm perfectly willing to contribute a few pennies to every site that I visit, but there's no good way to do that today. Instead, every time I read an interesting news article that gets forwarded to me by any of a couple of dozen separate paths, I end up at a different news site that I don't have a subscription to. Should I really have to have 100 subscriptions to news sites that I only read 1 or 2 articles from each month? Some entity needs to aggregate this into a single convenient $30/month subscription. Ideally it would be standardised and be added on to my monthly internet bill (IETF standards ftw).

Wowfunhappy 6y ago
I think there might be psychological issues at play here, sadly. If you click onto a news website from a search engine, and it ends up being for the wrong thing, people feel cheated and will want their money back. This is probably silly, because if you're paying a couple cents per view, you should be concentrating on the value you receive in the aggregate... but people aren't rational, and personally, I don't think I'd be immune to feeling a sense of regret when I spent money on the wrong link. I'm not going to remember the episode, but I'm pretty sure Planet Money said this is what happened when micropayments were tried in the 90s. I subscribe to Scroll.com, and I think they've probably got a better model down. Make agreements with lots of sites from different companies, and then offer a bulk subscription which removes ads from all of them. It doesn't let you through paywalls, mind you, but you could imagine a variation on the concept which did.
- bcrl 6y ago
  Agreed, but there is a "cheap enough" threshold where that doesn't matter. Netflix was like that ~5-6 years ago where there was all kinds of content available. Today I need Netflix + Amazon Prime + Disney+ + who knows what next to get the mix of content that I previously had in that one subscription. I'm at the threshold of no more streaming services now. Fragmentation can destroy markets. Striking a balance between competition and mergers is non-trivial.
  - bcrl 6y ago
    A side note: one of the reasons I don't subscribe to more online news sites is that I can't handle changing my credit card number with more vendors than I already do today. I've had 3 card replacements in the past year due to data breaches. This is truly annoying.

by bcrl 6y ago

Wowfunhappy 6y ago

I think there might be psychological issues at play here, sadly. If you click onto a news website from a search engine, and it ends up being for the wrong thing, people feel cheated and will want their money back. This is probably silly, because if you're paying a couple cents per view, you should be concentrating on the value you receive in the aggregate... but people aren't rational, and personally, I don't think I'd be immune to feeling a sense of regret when I spent money on the wrong link. I'm not going to remember the episode, but I'm pretty sure Planet Money said this is what happened when micropayments were tried in the 90s. I subscribe to Scroll.com, and I think they've probably got a better model down. Make agreements with lots of sites from different companies, and then offer a bulk subscription which removes ads from all of them. It doesn't let you through paywalls, mind you, but you could imagine a variation on the concept which did.

bcrl 6y ago
Agreed, but there is a "cheap enough" threshold where that doesn't matter. Netflix was like that ~5-6 years ago where there was all kinds of content available. Today I need Netflix + Amazon Prime + Disney+ + who knows what next to get the mix of content that I previously had in that one subscription. I'm at the threshold of no more streaming services now. Fragmentation can destroy markets. Striking a balance between competition and mergers is non-trivial.
- bcrl 6y ago
  A side note: one of the reasons I don't subscribe to more online news sites is that I can't handle changing my credit card number with more vendors than I already do today. I've had 3 card replacements in the past year due to data breaches. This is truly annoying.