I think all these visions for micro payments have been swamped by advertising as a source for revenue.
I dislike that fact, but I don't think most people care. So micro payments are just a way to make less money than advertising-based models.
Re:Bitcoin falls below $5,000
by adamnemecek on Monday November 19, 2018 @04:21PM
(#18489858)
Lol are you aware of the backlash against advertising?
Re:Bitcoin falls below $5,000
by Scoundreller on Monday November 19, 2018 @08:45PM
(#18491294)
I imagine Netflix working that way in an opaque way.
Of the 3rd-party produced works, I assume netflix pays them some fraction of my $x.xx/month based on my viewing time.
Re:Bitcoin falls below $5,000
by akhilcacharya on Monday November 19, 2018 @01:41PM
(#18488615)
I really don't understand these examples for micropayments, they're always for things I wouldn't pay for anyway.
Oh? Do you fund anyone on Patreon? Is there no content you think is worthwhile, quality reading, that you'd pay a little to contribute your share, instead of ads and malware?
Re:Bitcoin falls below $5,000
by akhilcacharya on Wednesday November 21, 2018 @12:13AM
(#18500289)
I don’t and nobody I know does either.
My vision is you would stock a wallet with, say $50, and then authorize a few of your regular sites in your client. Every time you loaded a new story, it might deduct $.01 for example.
Perhaps not with this tech, but one similar with fast transactions and tiny fees. See Iota for example.
Shifting from an ad driven to paid publisher/subscriber model has many advantages. Ideally you'd have a tech to support it which was a) not centralized, b) anonymous customer but visible vendor, and c) low transaction fees. This rules out credit cards and bitcoin but there are others.