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When crypto was genuinely new, and I was young, I had hope that one day we might actually embrace micropayments. Turns out I was not only young, but stupid.
by TechSquidTV 9mo ago
When crypto was genuinely new, and I was young, I had hope that one day we might actually embrace micropayments. Turns out I was not only young, but stupid.
- octoberfranklin 9mo agoIgnoring the cryptocurrency angle for a second (to avoid distracting knee-jerks)... Have you thought deeply about why micropayments have not been embraced?
- thaumasiotes 9mo agoAll transactions include several kinds of costs. Reducing the monetary costs to zero does nothing for the other costs. Enthusiasm for micropayments is very similar to enthusiasm for cutting the price of something from $5.001 to $5.00000001. It's a 0.02% decrease in the price! They make about as much sense as saying "hey, if I can buy 80,000 plastic ninjas for $500, I should also be able to buy one ninja for $0.007".
- tcfhgj 9mo agoads
- octoberfranklin 9mo agoYes. And AML/KYC. Advertisements don't bear the burden of AML/KYC, but micropayments do. AML/KYC costs money, enough to make truly micro micropayments impossible.