Re:Why Silicon Valley can’t fix itself
by fragmede on Friday May 04, 2018 @11:53AM
(#16995522)
The concept of paying for things online is what still sounds silly, despite the dominance of Netflix and Spotify. Can you imagine paying $.50 per Google search? How about a monthly fee to Facebook or Twitter? Reddit (pay by the subreddit)? HN?
What still sounds silly, and has always sounded silly, is micropayments.
But between its user base and Gold, Reddit is well situated to evolve the Internet just a bit further, and implement micropayments. Charge users an optional $5/month, and for users that do pay, take their upvotes and give money to recipients of upvotes from those users.
They could also pay subreddit moderators, and of course Reddit itself from that, plus Stripe Connect makes the backend payments platform stuff easy.
What still sounds silly, and has always sounded silly, is micropayments.
But between its user base and Gold, Reddit is well situated to evolve the Internet just a bit further, and implement micropayments. Charge users an optional $5/month, and for users that do pay, take their upvotes and give money to recipients of upvotes from those users.
They could also pay subreddit moderators, and of course Reddit itself from that, plus Stripe Connect makes the backend payments platform stuff easy.