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What happened with the Web Monetization API?

chriscoyier.net

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Re: What happened with the Web Monetization API?

#191

Post by [deleted] »

lostmsu wrote: post #152
solardev wrote: post #136

Contrarian opinion: As a regular consumer, I don't WANT a decentralized, anonymous currency. For users like me, crypto totally misses the point. I don't want digital cash that can't be traced. I'm not buying drugs or illegal shit. I want a centralized , safe way of sending small amounts of money to some content producers, microtransactions, etc., but with basic banking guarantees. Like being able to charge back a tra…

IMHO, you don't quite understand what you are talking about. Your centralized requirement is entirely bogus. If participants wish so, they could use any of the cryptos to run a subnet with an external oracle/moderator. Or even just build moderation right into smart contracts.

[deleted]

Re: What happened with the Web Monetization API?

#192

Post by NetOpWibby »

Sargos wrote: post #157
NetOpWibby wrote: post #83

Earlier quoted context omitted.

Your argument _almost_ sounded cohesive, and I'm a proponent of crypto. Handshake has an improvement proposal called HIP-0002[1] that utilizes the .well-known directory on your domain's server to enable direct payments. You payment address looks like this: /.well-known/wallets/SYMBOL" rel="nofollow">https:// /.well-known/wallets/SYMBOL . You could even utilize IBAN to send to fiat like so: https://example/.well-known…

The Ethereum Name Service (ENS) provides this functionality in a standard protocol. You can associate Microsoft.com with an ETH, BTC, SOL, etc address. GoDaddy yesterday actually integrated this in a no-gas free manner [ https://aboutus.godaddy.net/newsroom/company-news/news-detai... ]. Other DNS providers will likely follow suite over the next few years. Bonus, most web3 tooling already supports ENS so no jumping th…

"web3" is synonymous with Ethereum so that's no surprise to me.

What is a surprise is ENS having interoperability with BTC, SOL, &c addresses. I assume these exist as TXT records? Not sure I like exposing that...of course, that's the default with .eth names.

The way BTC and HNS works, you can use a different address derived from the same seed and still receive funds. Different strokes for different folks and all that.

No one chain will (or should) be THE solve for everything.

Re: What happened with the Web Monetization API?

#193

Post by Wazako »

epolanski wrote: post #159
Wazako wrote: post #101

Earlier quoted context omitted.

How do you centralize without having a government requiring KYC?

Why is that even a real need? All crypto cultists I know don't give a damn to give all of their info to any provider, out there, be tracked everywhere "they already know everything" and yet there is a problem for a 1$ donation on some random website when they using their real dollars online for literally everything. Also, there's literally 0 ways other than bartering to get bitcoins really anonymously, and the number…

It's one thing to be able to track a transaction, but it's a real problem that a name exchange is mandatory for micropayments.

I don't know if I'm the only one, but I can't see myself giving my identity for 10c to buy blog articles.

Especially since first and last names are a powerful tracking tool that's not as easy to change as your IP address.

Re: What happened with the Web Monetization API?

#194

Post by Falell »

Filligree wrote: post #186
frutiger wrote: post #7

Earlier quoted context omitted.

> Are there any promising avenues towards microtransactions that gets around small card transactions getting a hefty fee This is anathema here in the US but the rest of the world typically does not use credit cards as the default payment method.

Americans use credit cards as the default payment method? Why?

Credit cards have by far the best in-person UX of the options that I am presented, tap my card or phone and leave and they're accepted everywhere in practice (my debit card is not).

The 'cardholder can always reverse any charge' behavior is also nice once every few years.

Re: What happened with the Web Monetization API?

#195

Post by ceejayoz »

Filligree wrote: post #186
frutiger wrote: post #7

Earlier quoted context omitted.

> Are there any promising avenues towards microtransactions that gets around small card transactions getting a hefty fee This is anathema here in the US but the rest of the world typically does not use credit cards as the default payment method.

Americans use credit cards as the default payment method? Why?

Fraud protections are, by law, much stronger in favor of consumers for credit card transactions in the US.

If you have good credit, you can also get 2-4% in credit card cash back on everything via rewards programs.

Re: What happened with the Web Monetization API?

#196

Post by gaius_baltar »

EE84M3i wrote: post #142
CaptainFever wrote: post #80

Earlier quoted context omitted.

This is literally the use case for cryptocurrencies -- digital cash, not investments. In the more... questionably legal parts of the web, Monero is pretty common since you can't use regular banking anyway. The fees are pretty low, at around USD0.001 IIRC. There's also Nano (feeless) but it doesn't seem to be very popular, unfortunately.

Is there a way to use crypto for this without adding a bunch of new capital gain/loss items to my taxes? For foreign currency, there's a personal use exemption, right? Does this apply to crypto?

Nope, as cryptocurrencies are not really currencies, so you are always trading capital.

Taler experimented with a different direction when they built a distributed payment system for moving usual currencies digitally, even with a asymmetric behavior to preserve buyers privacy while making sellers taxable. Sad that it did not catch on.

Re: What happened with the Web Monetization API?

#197

Post by manquer »

paxys wrote: post #174

The problem with web payments isn't the lack of a standard API, it's everything that happens under the hood. As a developer it makes no difference to me whether the browser natively supports a payments interface or I add it in via one line of JavaScript. Now tell me how to deal with credit card fees, sales tax, direct debit, crypto transfer and a million other jurisdiction-dependent payment mechanisms and rules. Does…

What are you on about ?

The spec/interface for developer does not have the handle the complexity of implementation browsers have to . Do you as the app developer deal with any of that integrating Stripe ? of course not, you yourself say it is just one line of JS for the app developer.

If the API goes through, it will be a key stream of income for browser developers, They can then monetize their most important asset - brand and trust people have on their product without diluting it and not be dependent on advertisements or search engine placements from competitors or crypto to support the development.

It is no different from IAP APIs mobile platform provides, they are not complex(for the app developer). Complexities of geography and taxation is not the app(website) developer's problem it is the platform's nothing in the interface has to handle that. Browsers will charge 30% the Apple and Google do for variety of reasons, but just Stripe level rates is enormous income source for them to support development.

Re: What happened with the Web Monetization API?

#198

Post by latchkey »

A friend of mine in Vietnam needed some quick cash to go home for Tet holiday and asked me for help in paying for their travel costs and some spending money. Nothing nefarious, just a few hundred USD. I'm happy to help them.

I went to a popular VN crypto website, put in their name and bank account number and how much I wanted to send them (and on what crypto network and token, as they support a bunch of them). The site spit out an address to send the tokens to with my wallet.

The transaction cost me $0.05, the conversion rates were totally fair and actually quite good, it only took a couple hours, and as an added bonus, didn't even require any sort of KYC because it was just a small amount of money.

For those of you dumping on crypto, I can tell you that it doesn't get any easier than that. There is no way that I can do something like that otherwise. We need more of this, not less.

Re: What happened with the Web Monetization API?

#199

Post by dinobones »

itslennysfault wrote: post #162
seanwilson wrote: post #5

> It needs to be built into the browsers and web standards such that it’s incredibly smooth and fast. I wanna send $1 to a website, it happens instantly and anonymously, and the developer can do things around this. Like unlock features! For instance, stop showing ads, offer more complete downloads, unlock tutorial courses, etc. Make it easier and faster than using a credit card. Are there any promising avenues toward…

I think you need the browsers to act as a broker/escrow. Brave tried to do this, but I'm not sure what ever happened to it. The way their system worked (as I understood it) is you deposited an amount in the browser each month and it was split between the sites you visited that month weighted by how much time you spent on each site, but it only worked for sites that signed up for the Brave reward program (or whatever…

Brave/BAT is a massive "crypto" grift. It's an ERC20 token that they hold like 30% of in reserves. You also need to signup for Uphold / sign up with Brave to receive payment.

It's a cryptocurrency only in implementation, but the actual experience could be replicated with (GoFundMe or any other "creator platform") + A chrome extension.

Re: What happened with the Web Monetization API?

#200

Post by caseyf »

pants2 wrote: post #117
caseyf wrote: post #115

Earlier quoted context omitted.

I operate a website and I earned $70 in BAT during the most recent month (Aug 14 - Sept 14 2023) September is the most recent month because I turned the Brave stuff off after that.

Why would you turn it off if you're earning $70/mo?

I had forgotten but I am still a "Brave Creator", but I disabled the thing that lets Brave serve ads to people visiting your site because I thought it was yuck

So little amounts of BAT from Brave users who are doing the micropayments thing are still coming in, 5.46 in total since then ($1.18 USD)

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