4 ms·
> There are simply too many obstacles in the way, both technological and psychological. To make it practical will require both social change and a much easier w
by mbesto 12y ago
> There are simply too many obstacles in the way, both technological and psychological. To make it practical will require both social change and a much easier way to make small transactions. Not because it's difficult in any absolute sense, but because even the slightest practical barrier is enough to make people reconsider.
This is basically why Dogecoin became so successful. The pyschological factors were basically eliminated ($0.0001 tip to someone because they wrote a thoughtful response and takes me 2 seconds to type in "dogetip /u/username"...no big deal) but the technology factors are still high for non-techies.
I think this is the sweet spot for cryptocoins...I imagine a future where 1,000,000 YouTube views is adless because 500,000 of those people tipped $0.0001 each.
- sillysaurus3 12y agoPeople barely click the "like" button or upvote/downvote, let alone donate.
- anigbrowl 12y agoSo very true. In general the number of 'Likes' relative to views on Youtube is about 1%.
- nfoz 12y agoYou can't like a video on Youtube without being logged into a Youtube/Google+ account.
- anigbrowl 12y agoSo? I don't think that's evidence that another 49% are desperate to dispense tips but can't do so because they haven't signed up for a free account.
- baddox 12y ago1% isn't that bad though, considering the minuscule cost of serving one video or one web page. Conversion rates for online ads are at least an order of magnitude lower than that.
- coldpie 12y agoI don't "like" videos on YouTube because I don't know what that function does. Is it going to repost that "like" onto my G+ profile? Or will it show the video on my friends' YouTube main page? I want to give some props to a guy showing me how to replace the brake pads on a Mustang without spamming my friends' pages, but I don't know what "liking" does, so I don't do it. I once make a Public post to a YouTube video someone had made of a game I made back in high school onto my G+ page. I put a short paragraph explaining what the video was about so my friends would have some context. That paragraph turned into a public comment on the YouTube video! What the hell! It was worded super awkwardly, too, since it wasn't written in that context.
- m_eiman 12y agoI don't ever Like anything, because if I did Facebook/Google/whatever would broadcast that everywhere they can in the hope of generating more ad views. If I could send a "nice work!" to the author without telling the whole world, it's more likely I would.
- nathancahill 12y agoLike the Kudos circle on Svbtle?
- dinkumthinkum 12y agoI think you are imagining a future in which YouTube is far less profitable.
- yxhuvud 12y agoI'm increasingly seeing Reddit Gold used in a similar manner though. People are giving gold to people that post good comments or good stories.
- Donzo 12y ago"This is basically why Dogecoin became so successful." "Was" is a good way to put it. Dogecoin is worth 1/3rd of what is was worth five months ago. I don't see it going any where but further down...
- tormeh 12y agoWorth isn't really a measure of popularity. How is the trade volume doing?