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Paid in Full: an internet where every interaction is a financial transaction

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51–60 of 183 posts

Re: Paid in Full: an internet where every interaction is a financial transaction

#51
Except for the part where people don't pay for stuff.

Yes, transactional issues are a thing, 25 cents doesn't work well with VISA etc. but never underestimate people's willingness to 'not want to pay'.

That was always the 'big issue' and that has not changed.

Re: Paid in Full: an internet where every interaction is a financial transaction

#52

What I would find useful is a tool that accurately overlays what my attention & time costs & earns me. That would effectively convert every device/internet interaction into an individualised financial transaction which is not necessarily a good thing. But many people budget poorly when it comes to finances, and many people budget worse when it comes to attention and time. I fear a THX1138-like future, but in many res…

The Brave browser is an interesting first stab at this. Another project named Permission.io is also trying to reward users for their time and attention also (disclaimer, I work on it).

But ultimately what I find most fascinating about this article is blockchains being applied to all interactions- accessing web pages, doing this on web pages, everything. I'm thinking we'll all have wallets that constantly process micropayments everywhere we go, money going out, and coming back in, continuously.

Can't say I like it, but maybe it's more fair?

Re: Paid in Full: an internet where every interaction is a financial transaction

#53
post #45

Earlier quoted context omitted.

I can't imagine the situation has gotten better. How many pieces of web content does a person view in a typical day? 50? 100? Imagine making fifty purchase decisions every day. I think anyone would be exhausted.

A pay for access to content model would really only work if it were frictionless. If you have to decide before you read, people would simply say no. If you pay after you read, people would probably say no, too. On the other hand, in the before times, people paid by the minute to a network provider (such as Compuserve, Genie, AOL, etc) as well as to their phone company to get online. I might consider paying per minute…

As a kid, I was very active on Prodigy's message boards. I remember when they added a per-hour charge to access them. It absolutely wiped the boards out; trying to charge for something people have been getting for free, even "free", doesn't fly.

Re: Paid in Full: an internet where every interaction is a financial transaction

#54
All similar measure miss the fact that current model allow you to charge differently at individual level, and how great an enabler it is. 10s of eyeball/mind time of Bill Gates is very different from that of a student in Africa, but both are able to access same content and hyper-targeting ensures both pay as per their ability.

It has been greatest "socialist" force of our times. A billion may have been spammed with junk/polarising content, but millions are getting real value/upliftment from free Youtube/Google/FB.

Re: Paid in Full: an internet where every interaction is a financial transaction

#56

The Internet as we know it was built on the back of someone else's free. I am older than most of the crew here and can remember when the majority of the telnetting and IRCing we did was against .edu domains, using the disk space of a Sparc 1, sucking up someone else's bandwidth. In February of 1993, someone very much like Don Draper woke, inexplicably but smiling, with the first morning erection in years as the tag w…

Fantastic writing. Give me more.

Re: Paid in Full: an internet where every interaction is a financial transaction

#57

The Internet as we know it was built on the back of someone else's free. I am older than most of the crew here and can remember when the majority of the telnetting and IRCing we did was against .edu domains, using the disk space of a Sparc 1, sucking up someone else's bandwidth. In February of 1993, someone very much like Don Draper woke, inexplicably but smiling, with the first morning erection in years as the tag w…

How about like https://qbix.com/token

Re: Paid in Full: an internet where every interaction is a financial transaction

#59

The Internet as we know it was built on the back of someone else's free. I am older than most of the crew here and can remember when the majority of the telnetting and IRCing we did was against .edu domains, using the disk space of a Sparc 1, sucking up someone else's bandwidth. In February of 1993, someone very much like Don Draper woke, inexplicably but smiling, with the first morning erection in years as the tag w…

The alternative on offer in the 80s definitely did make every transaction a financial transaction: the phone company.

We can have a look at what the world might have been without the Internet's decision to build without a billing layer, and indeed to route around billing, without needing a time machine. It would have been a faster version of Prestel and Minitel. Fully centralised, with national borders. All the TOS issues would still be there, except that because the billing system knows your address abusing your account could get you prosecuted.

Re: Paid in Full: an internet where every interaction is a financial transaction

#60
post #46

Earlier quoted context omitted.

I can't imagine the situation has gotten better. How many pieces of web content does a person view in a typical day? 50? 100? Imagine making fifty purchase decisions every day. I think anyone would be exhausted.

If it was sufficiently cheap, perhaps 1 cent per view, you wouldn’t really have to think about it.

Spotify is about a third of a cent per stream... and aggregated so you don't have to think about it.
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