News for hackers. Stuff that matters.
Re:Twitter now requires an account to view tweets by rchaud on Friday June 30, 2023 @08:22PM (#36544610)
If P2P micropayments could somehow have succeeded, then a different Internet could have been possible. Tipping content creators directly is impossible without megacorporations taking a cut, be it Apple, Paypal, Patreon etc, and their unit economics work better with recurring payments, which lands us in subscription hell.

One would almost be tempted to ask for a cheque in the mail like in the old days.

Re:Twitter now requires an account to view tweets by johannes1234321 on Friday June 30, 2023 @09:00PM (#36545019)
flattr was an interesting idea of a micropayment approach. Asically a subscription amount and then spread around sites.

But I guess for publishers it never produced enough revenue to be worth maintaining the integration.

Re:Twitter now requires an account to view tweets by robot_no_421 on Friday June 30, 2023 @09:17PM (#36545176)
Cryptocurrency almost solves this, but the scaling issues and high knowledge barrier to entry is still holding this idea back.
Re:Twitter now requires an account to view tweets by rchaud on Friday June 30, 2023 @11:35PM (#36546217)
It doesn't solve it at all, I am talking about real money you can spend in a store, not tokens that need to be converted through an exchange into cash each time.
Re:Twitter now requires an account to view tweets by bornfreddy on Saturday July 01, 2023 @03:22AM (#36547625)
There are stores where you can pay with cryptocurrencies. That said, GP said "almost". We will see if it ever reaches the point where this word will not be needed.
Re:Twitter now requires an account to view tweets by robot_no_421 on Saturday July 01, 2023 @07:38AM (#36549037)
The reason why you can't spend it at the store is because the store doesn't accept it. The reason why the store doesn't accept it is because of the aforementioned scaling and complexity issues.
Re:Twitter now requires an account to view tweets by salawat on Saturday July 01, 2023 @08:27AM (#36549373)
P2P payments/transaction media have been on the way out for decades due to the State's interest in controlling the financial transaction medium as tightly as possible.

The database has doomed us all! For it is the Seed of all Evil in the hands of the Wicked! ...and arguably the Good, but misguided!