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Currently Coil costs you 5 bucks a month and its distributed to the content creators that you consume on the basis of how long you consume them. The Creator mus
by noxer 5y ago
Currently Coil costs you 5 bucks a month and its distributed to the content creators that you consume on the basis of how long you consume them. The Creator must have a web monetization enabled website [1] to participate.
And you need either an add-on or a browser that has it integrated.
The creator can show/hide content based on whether you stream money or not (kinda like a paywall)
Its obviously intentional very simplified ATM because its rather new. There is long way to go before we can actually pay for exactly what we consume.
[1] https://webmonetization.org/ https://webmonetization.org/
Old (2018) but fun: A Raspberry Pi ILP power switch (Turns on a light if money is streamed)
https://xrpcommunity.blog/raspberry-pi-interledger-xp-powerswitch-howto/ https://xrpcommunity.blog/raspberry-pi-interledger-xp-powers...
- mtalantikite 5y agoIsn’t this roughly similar to what Spotify does? You get paid based on how many listeners you have? Or YouTube paying the content hosts a split on ad revenue? I guess I’m not sure what crypto solves here that doesn’t actually already happen. Isn’t Coil just another centralized place you pay that then pays out to its network, like everyone else?