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Show HN: Funding model for the web, users choose between ads or micropayments

satotious.com

11–20 of 46 posts

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#11

This type of thing is exactly why I was excited by the bitcoin whitepaper a decade (ish) ago and why I have been so frustrated by the day-trade lambo culture that bitcoin grew into. I would be much more enthusiastic about Satotious if I had any remaining confidence in the stability/security of BTC or its derivatives; BTC Lightning in this case.

Why don't you convert to USD immediately?

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#12

Congratulations on the launch! How does this contrast with Brave Attention Tokens (not technically, but how different is it product-wise)? How do you solve the problem of an average Internet user having to setup a bitcoin-wallet etc; Is it seamless / friction-less for them? Do these micro-transactions count as donations? What kind of attack vectors do you foresee especially when the user is an average reader and migh…

[deleted]

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#13
post #11

This type of thing is exactly why I was excited by the bitcoin whitepaper a decade (ish) ago and why I have been so frustrated by the day-trade lambo culture that bitcoin grew into. I would be much more enthusiastic about Satotious if I had any remaining confidence in the stability/security of BTC or its derivatives; BTC Lightning in this case.

Why don't you convert to USD immediately?

[deleted]

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#15
post #14

Earlier quoted context omitted.

One of the six top level key features highlighted on the home page: "Captchas stop adblocker"

Then only valid option remaining is closing the page

Or micropayments :) I understand the aversion to ads but content creators(journalist, musicians, artists, programmers creating oss, etc) and the web as a whole produces useful stuff, it would be good to find a business model which supports them.

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#16

Congratulations on the launch! How does this contrast with Brave Attention Tokens (not technically, but how different is it product-wise)? How do you solve the problem of an average Internet user having to setup a bitcoin-wallet etc; Is it seamless / friction-less for them? Do these micro-transactions count as donations? What kind of attack vectors do you foresee especially when the user is an average reader and migh…

Thanks :) In terms of our difference with BAT, we are much simpler. Content creators set their price and users pay, we dont track the amount of time spent on a site, we dont make a browser, we haven't created our own coin. It takes 5minutes for a content creator to add the paywall, as easy as adding a script tag. We hope to bring micropayments to the masses, having the option to view an ad hopefully solves the chicken and egg problem as users dont need to convert to micropayments straight away for creators to make money.

To make the process are simple as possible for non-crypto users we are working on a browser extension/app which will act as a wallet and autopay to create a seamless experience. We are working to integrate with an exchange so that users can top up straight from their credit cards and don't need to know anything about Bitcoin.

I guess the biggest threat for the user is the wallet/extension being drained. We recommend users don't store lots of money in there, but given that we are dealing with micropayments there shouldn't be need for high amounts anyway. Giving users more control comes with more risk, but that's the tradeoff and we aim to help educate on ways to mitigate these risks.

We use Bitcoin Lightning Network as it lets us do micropayments without tracking users, we aren't interested in creating a coin or doing an ico.

Thank you for your feedback

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#17
post #11

This type of thing is exactly why I was excited by the bitcoin whitepaper a decade (ish) ago and why I have been so frustrated by the day-trade lambo culture that bitcoin grew into. I would be much more enthusiastic about Satotious if I had any remaining confidence in the stability/security of BTC or its derivatives; BTC Lightning in this case.

Why don't you convert to USD immediately?

Yes, I believe theres a few startups(escher, lastbit, strike) working on converting lightning BTC USD

Re: Show HN: Funding model for the web, users choose between ads or micropayments

#20
post #14

Earlier quoted context omitted.

Then only valid option remaining is closing the page

Or micropayments :) I understand the aversion to ads but content creators(journalist, musicians, artists, programmers creating oss, etc) and the web as a whole produces useful stuff, it would be good to find a business model which supports them.

For most articles, I'm lured in by the clickbait headline and then later regret wasting time on reading it. Most YouTube personalities are either undifferentiated haters or conspiracy theorists. So I'm not sure if I really want to support "content creators" in general.
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