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> the bigger problem is that the more money you'd be willing to pay to get rid of ads, the more your eyeballs are worth to a potential advertiser I think that
by michaelchisari 12y ago
> the bigger problem is that the more money you'd be willing to pay to get rid of ads, the more your eyeballs are worth to a potential advertiser
I think that's a concern, but it's not a bigger problem than money laundering or illegal activity or anything else that micro-payment systems have had to deal with.
With micro-payments, you can't deal in actual currency. You have to move around some kind of "Credits" that at some point get exchanged back to currency in bulk to a payment processor, otherwise the transaction fees are greater than the payments themselves. This is dollar signs in the eyes of anybody who likes to play games with international money.
It's a space for cryptocurrency to be sure, but the push-based architecture makes recurring subscriptions a little tricky from a user standpoint. Not to mention that the user has to have cryptocurrency to begin with.
- tsotha 12y ago>With micro-payments, you can't deal in actual currency. You have to move around some kind of "Credits" that at some point get exchanged back to currency in bulk to a payment processor, otherwise the transaction fees are greater than the payments themselves. Which prompts me to wonder why transaction fees are so high.
- KFW504 12y agowell, they aren't exactly priced on a cost basis
- tomjen3 12y agoBecause they are a cartel. It the marginal price for a transaction is pretty close to zero, so the fact that the price is noticable means that credit card transaction are not operating in an efficient market.
- tsotha 12y agoJust because the marginal price is near zero doesn't mean you're not going to pay a lot. The marginal price for software is near zero as well. You may be right about it being a cartel, but the marginal price doesn't tell you much.