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Regarding angry visitors, I think it is completely fair if you just inform them of what is going on. In a way, this is the perfect internet model: I offer my c

Regarding angry visitors, I think it is completely fair if you just inform them of what is going on. In a way, this is the perfect internet model: I offer my content for free but visitors pay me with cpu cycles. It's superior to the ad-model because it pays according to time spent on the page regardless of who the audience is. It's too bad that it's infeasible because of the very low rate.

nodata 15y ago
Why does time spent on the page matter?
- whatusername 15y ago
  It corelates to value derived from the page. SO the people I deliver the most value to, I extract the most value from. // WIth an added bonus that I recieve more value from the people with more expensive computers (aka the wealthier viewers)
  - nodata 15y ago
    I don't see how the time spent on a page correlates to value for the reader. If I read faster or slower than someone else and spend less or more time on the page, it doesn't change the value provided to me by the article.
    - mtinkerhess 15y ago
      On the other hand, if a site provides more value to a visitor, they are more likely to keep spending more time on the site.
nicpottier 15y ago
Yes, I'm glad someone actually picked up on this. I'm watching Bitcoin with a curious eye, but this really nails a pretty novel and interesting aspect of it. That yes, you are paying the site owner for viewing their site, in a way that is (mostly) transparent to you and with billing already captured by your power company. I haven't actually run it so I don't know just how badly it thrashes my machine, but assuming that can be worked out, this particular idea is the KillerApp(tm) of Bitcoing as I see it. Actually, now that I'm thinking of it, one giant achilles heal: If this really takes off and the mass of the internet uses it, then that means the entire mass of the internet can only be monetized at the set rate that Bitcoins are made. Which isn't much money. But I still think there is something interesting here.. hrmm.

nodata 15y ago

Why does time spent on the page matter?

whatusername 15y ago
It corelates to value derived from the page. SO the people I deliver the most value to, I extract the most value from. // WIth an added bonus that I recieve more value from the people with more expensive computers (aka the wealthier viewers)
- nodata 15y ago
  I don't see how the time spent on a page correlates to value for the reader. If I read faster or slower than someone else and spend less or more time on the page, it doesn't change the value provided to me by the article.
  - mtinkerhess 15y ago
    On the other hand, if a site provides more value to a visitor, they are more likely to keep spending more time on the site.

nicpottier 15y ago

Yes, I'm glad someone actually picked up on this. I'm watching Bitcoin with a curious eye, but this really nails a pretty novel and interesting aspect of it. That yes, you are paying the site owner for viewing their site, in a way that is (mostly) transparent to you and with billing already captured by your power company. I haven't actually run it so I don't know just how badly it thrashes my machine, but assuming that can be worked out, this particular idea is the KillerApp(tm) of Bitcoing as I see it. Actually, now that I'm thinking of it, one giant achilles heal: If this really takes off and the mass of the internet uses it, then that means the entire mass of the internet can only be monetized at the set rate that Bitcoins are made. Which isn't much money. But I still think there is something interesting here.. hrmm.