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The author makes a great case for creating protocols such as http and xmpp and the like, which as protocols, are decentralized already. Why add magic number gu

The author makes a great case for creating protocols such as http and xmpp and the like, which as protocols, are decentralized already. Why add magic number guessing for financial gain to something like a photo sharing platform? Maybe your answer is micro transactions, but then how do you protect consumers from fraud and abuse with reversibility and dispute resolution? This seems like a feature and not a bug of our current financial system. Things like Patreon and Kickstarter exist already and seem to do a fairly good job of this. Why do we need all of the downsides of cryptocurrency to do something that already works well for billions of people?

k__ 5y ago
How many people use MANGA services despite open protocols allowing to build open things? I'd say, protocols being open isn't enough. Something seems to be missing, otherwise centralized services wouldn't have won.
qeternity 5y ago
> Maybe your answer is micro transactions Micro transactions have never and will never work and the reason has nothing to do with technology. There is a mental cost to assessing a purchase value, and that cost is relatively fixed. People don’t want to go around having to think “oh should I pay 25 cents for this? how many other 25 cent transactions have I made this month and what is my budget?” They would rather make one decision to pay $10/mo and consume as much as they want.
- haxiomic 5y ago
  Not arguing for or against but micro transactions absolutely work precisely because people can be more happy to spend $1 ten times in a month than $10 in one go because the $1 is a less scary transaction than $10 a month, which if you’re not wealthy, can be a significant choice to make [0] Plenty of data around how successful this model can be (at least for the company) [1] [0] https://www.tuw.edu/psychology/psychology-behind-microtransactions/ https://www.tuw.edu/psychology/psychology-behind-microtransa... [1] https://en.m.wikipedia.org/wiki/Microtransaction#Impact https://en.m.wikipedia.org/wiki/Microtransaction#Impact

k__ 5y ago

How many people use MANGA services despite open protocols allowing to build open things? I'd say, protocols being open isn't enough. Something seems to be missing, otherwise centralized services wouldn't have won.

qeternity 5y ago

> Maybe your answer is micro transactions Micro transactions have never and will never work and the reason has nothing to do with technology. There is a mental cost to assessing a purchase value, and that cost is relatively fixed. People don’t want to go around having to think “oh should I pay 25 cents for this? how many other 25 cent transactions have I made this month and what is my budget?” They would rather make one decision to pay $10/mo and consume as much as they want.

haxiomic 5y ago
Not arguing for or against but micro transactions absolutely work precisely because people can be more happy to spend $1 ten times in a month than $10 in one go because the $1 is a less scary transaction than $10 a month, which if you’re not wealthy, can be a significant choice to make [0] Plenty of data around how successful this model can be (at least for the company) [1] [0] https://www.tuw.edu/psychology/psychology-behind-microtransactions/ https://www.tuw.edu/psychology/psychology-behind-microtransa... [1] https://en.m.wikipedia.org/wiki/Microtransaction#Impact https://en.m.wikipedia.org/wiki/Microtransaction#Impact