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What "monetizing content via a crypto browser" really means is "voluntarily submitting yourself to this 'decentralized' control structure we have set up." Which
by joshcryer 5y ago
What "monetizing content via a crypto browser" really means is "voluntarily submitting yourself to this 'decentralized' control structure we have set up." Which, in the case of Bitcoin, is "controlled" by 5 mining pools at any given time, who are all, one way or another, going to have to submit to government control at some point in the future. Meanwhile the whole thing about "decentralized identifiers" is people using the system will be connecting to central data centers.
As far as 'micropayments,' that is begging for a solution to a problem that doesn't exist. I'll give you an example. Netflix users watch about 100 hours of their service a month, for $15.59. So 15 cents an hour. There is no scenario in which Netflix benefits from creating a virtual currency in their system pegged at 15 cents an hour (think Flix-Bux), people are already pushing back hard on these internal 'currencies.' The irony is not lost on me the amount of energy used by smart dudes to create a browser that is proposing virtual currency which has been utilize to nickle and dime gamers from adolescence to adulthood (robux, vbucks, the plethroa of 'money sellers' on many platforms).
Nothing about this is about freedom, this is all about changing one central control structure for another, with little crumbs of implication that it's better for users and sellers alike.
- stjohnswarts 5y agoI suspect a cabal controls exactly what goes on despite bitcoin community claims. They are slowly selling off their positions over time and converting to real world assets for that point when they pull the rug out and it all crashes down around all the other investors ears when the curtain falls and the wizard(s) are exposed.
- idiotsecant 5y agoThe nice property that well designed cryptocurrency protocols have is that they are censorship resistant - they align incentives and telemetry such that operators shouldn't want to censor transactions, but even if they do they cant differentiate between the transactions they like and the ones they don't. Bitcoin itself doesn't really have this property but there are other ones out there that do.