You can actually make more money using a pricing model like that, because you get to charge $1 to everyone who will pay $1 (everybody wants everything ASAP), but in a few months you still get the quarter from the guy who would only pay a quarter. And having a large volume of free old works to show the world you can produce good material is how you get new customers.
Which also solves the problem for people without money. (This is, incidentally, how copyright was originally intended to work. Screw you again, Mickey Mouse.)
A lot of what we have online just isn't viable on pricing models like this. The main divide you'll see is likely by country due to wealth differences.
What do you say we try it and find out?
> So the moment you run into a paywall you will turn around and start searching for the same thing you were just looking for but for free.
Because the existing paywalls are some nonsense where you have to give them your home address and sign up to pay a recurring monthly fee which you know is going to be a bear to cancel and costs dollars rather than cents, whereas what it ought to be is a browser plugin that just pays them automatically when you visit the site as long as the amount is below your threshold (with a circuit breaker that requires you to manually approve if you get charged more than like $5 over the course of an hour).
None of them caught on though because when it comes down to it, most sites that successfully make money can probably make more money from advertising than they can from this microtransaction system so there's no incentive for them to adopt it.
If there was an easy way to anonymously pay the site the five cents they get from the advertiser without incurring 500% payment processing overhead then would sites even be using advertising?
But then we get to much the same result. What we need isn't new privacy rules, it's to delete the old banking rules that prevent efficient payment systems from operating.