3 ms·
>>> I'm not sure which part of the core value proposition of coil has anything to do with blockchain? >> The question you have could easy be answer by yourself
by e12e 6y ago
>>> I'm not sure which part of the core value proposition of coil has anything to do with blockchain?
>> The question you have could easy be answer by yourself if you just go to the official page and read for 5 minutes what they are doing and how.
From coil.com:
> Get your Coil Membership for $5 per month.
> Install the Coil Extension or the Puma Browser app.
> Log in to Coil and enjoy web monetized content and features across the internet.
So the same model as patron?
The original question was about if the companies product could work without the blockchain. I would be happy to see an open standard for transactions - but no one will pay coil.com for that. They make money as middlemen. That's what they are selling.
So, again - how is blockchain essential to what coil are doing (as a business)? Is their business model not being a payment provider, collecting legal tender ("real money") from consumers and funelling it to producers? Do users not depend on coil for the client code and platform?
Certainly creating an open protocol, is a way to build the product - but it does not appear to be quicker or easier than a more traditional, centralized solution?