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You are talking about appreciable micropayments for appreciable amounts of entertainment from small creators. And I would argue we did get those in the form of
by mapt 2y ago
You are talking about appreciable micropayments for appreciable amounts of entertainment from small creators.
And I would argue we did get those in the form of subscriptions in Patreon, Onlyfans, Buy Me A Coffee, et al, or in the co-op world of Nebula. We didn't get them down to very low fee structures because we've designed our payment infrastructure with the intent of supporting a profitable company called Visa, Inc, to which we've offloaded a number of different functions of that a government mint / treasury / post office would normally perform. And because lots of revenue on these sites comes from whales, people with outsized income in a country with a great deal of wealth inequality.
What I am talking about is TINY micropayments just for human authentication purposes. Because what we've had so far in the realm of, for example, spam email, involves sending off messages at a CPM of less than a tenth of a penny. Imposing infrastructure which pegs human authentication tasks, normally performed less than ten times a day, at a CPM of ten dollars, can eliminate most applications of automated systems and eliminate the annoyance of captcha, while costing the human less than ten cents. There are no whales in the login space.