3 ms·
Users that aren't providing any revenue will get pissed off. Companies work hard to create content and are bleeding money. Why do people feel entitled to free c
by TwoFactor 13y ago
Users that aren't providing any revenue will get pissed off. Companies work hard to create content and are bleeding money. Why do people feel entitled to free content?
The article is contending that users paying for content will increase the quality of content available since companies will have more on the line with bad articles. Bitcoin allows for the possibility of frictionless experience and no need for accounts with specific companies, just a bitcoin wallet.
- TylerE 13y agoWhere this utterly falls apart is that it doesn't consider that the major barrier is NOT the price. It's overcoming the friction of getting the user to pay anything, at all. If you can do that, conversion rates are similar at $0.10 and $10.00. That is why micropayments are dumb. They're leaving money on the table. NB: I work in the industry and this is coming from direct professional experience. I'm not really at liberty to go much more in depth than I did, but I have strong real world data that says micropayments are a disaster, plain and simple.