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The pay-per-use web has always been a pipedream because of theoverhead of microtransactions. A one time view of a page may be worth $0.25 , but nobody can make
by wombatpm 5y ago
The pay-per-use web has always been a pipedream because of theoverhead of microtransactions. A one time view of a page may be worth $0.25 , but nobody can make that work because of creditcard transaction fees - hence the move to mothly fees and subscriptions. I fail to see how crypto with its variable 'gas' charges are going to make that work or work better. The only ones who made it work were the phone company where they could bill you by the minute based on your activity - and we are right back to centralization.
- crypot 5y agoBitcoin fixes this. Read the whitepaper.
- jl2718 5y agoIt’s amazing that Bitcoin still isn’t Bitcoin yet.
- zeruch 5y ago"Bitcoin fixes this. Read the whitepaper." If that's your basis, then I don't think you're inspired by anything other than pecuniary interest, which is the crux of the issue by the OP.
- krallja 5y agoThe current transaction fee is about $2.19. Nobody can use Bitcoins for microtransactions because the fees are worse than credit card networks, PayPal, etc.
- Sohcahtoa82 5y agoI can't take this comment seriously. It's pretty well-known that Bitcoin is likely the worst way to digitally send micropayments. The fees are way too high. Bitcoin does not scale. Yeah, the Lightning Network exists, but that doesn't really solve the problem for one-off microtransactions.