Re:How Bitcoin Can Save Publishing
by Kylekramer on Monday October 07, 2013 @08:07PM
(#6512155)
Sounds like a lot like the old Readability (except with a hard paywall instead of donation model). I liked Readability idea in concept, but it didn't exactly take off.
[ Parent
| on HN ]
Re:How Bitcoin Can Save Publishing
by jacques_chester on Monday October 07, 2013 @10:55PM
(#6512751)
Readability made three errors, in my opinion:
1. They charged too little. Far too little.
2. In an attempt to be more viral, they took payment for websites that were non-participants, with the theory that this would entice them to sign up to receive payment. What happened is that they ended up with a pile of zombie cash that they could not touch.
3. They routed everything through their servers, meaning that a large fraction of their costs was controlled by third parties. This is connected to 1.