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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?

#221

Post by latchkey »

triceratops wrote: post #220
latchkey wrote: post #210

Earlier quoted context omitted.

Of course I've used Wise to send money. It was full of confusing KYC friction that took several days to resolve. Cost more than $0.05, took more than a few hours to complete, didn't allow me to use my own currency (crypto) and required my friend to also setup a Wise account and go through the same contortions on their end. KYC exists to make life hard. It solves no real problems, just like the TSA at airports. Securi…

You're criticizing GP for taking an absolutist position ("Crypto is useless") but then doing the same yourself ("KYC is useless").

Eh? You just made up the quote for the OP (and me for that matter), which implies that you're just inserting your own opinion.

Re: What happened with the Web Monetization API?

#222

Post by j0hnyl »

tromp wrote: post #164
j0hnyl wrote: post #131

Earlier quoted context omitted.

It depends on the chain. Some chains can support high throughput at low fees.

Sure; they can. By sacrificing the very properties Bitcoin was designed for: decentralization and censorship resistance.

Which would mostly be fine for this usecase. Also, these properties wouldn't need to be abandoned entirely. Bitcoin in its current form isn't really a great model for this anyway.

Re: What happened with the Web Monetization API?

#223

Post by j0hnyl »

Eddy_Viscosity2 wrote: post #169
j0hnyl wrote: post #132

Earlier quoted context omitted.

I actually think it will solve the enshitification problem, which is mostly ad driven.

The ads are never going away. We tried the 'pay your way' system with things like netflix and prime video, and guess what's on the way? Now you get to pay for it AND see ads.

Netflix doesn't work as an analogy here, because as a subscriber you're not paying the filmmakers directly.

Re: What happened with the Web Monetization API?

#224

Post by BlueTemplar »

bruce511 wrote: post #212
cchance wrote: post #153

Earlier quoted context omitted.

Why are you comparing this to bitcoin, bitcoin was never meant to be a fast network lol it was to be a network for cash to sit in "digital gold"... Other networks were designed for speed and others are working on it (etherum with layer 2 networks, and more speed focused networks, for instance as was mentioned Nano was doing 1200-1500tps years ago, with plans for increases not sure if thtey eer went further. The probl…

You'll earn downvotes for the speed part, but this part is spot on; >> The problem is crypto has a few solid real projects and a billion loud useless scam/spam projects that make the idea of "crypto" look like its all trash, finding the networks that actually have something to really give to the world is hard Congrats to the OP who sent money to Vietnam. It's a fantastic use case. But as a non-crypto user I can't do…

Age would seem to be a good indicator ?

Incompetents like MtGox and FTX lasted only a few years. OP claims the service they used has been operating for a decade already.

Same for the underlying tech : Bitcoin, Etherium and even Monero have also been around for a decent amount of time. (Of course you might refuse to use them for other reasons, like the wasteful power usage of Bitcoin or the money laundering enabled by Monero.)

(Note that this can generally be applied to anything money-related...)

Re: What happened with the Web Monetization API?

#225

Post by triceratops »

latchkey wrote: post #221
triceratops wrote: post #220

Earlier quoted context omitted.

You're criticizing GP for taking an absolutist position ("Crypto is useless") but then doing the same yourself ("KYC is useless").

Eh? You just made up the quote for the OP (and me for that matter), which implies that you're just inserting your own opinion.

Yeah I paraphrased. But was it really so wrong? (Btw I didn't downvote you if it matters)

"KYC is useless" is a reasonable summary of "KYC exists to make life hard. It solves no real problems".

And is there a big difference between "Crypto is useless" and "crypto does not solve any real world problems"?

Re: What happened with the Web Monetization API?

#226

Post by theonething »

latchkey wrote: post #198

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 si…

I need to send money to VN from time to time. Would you mind sharing the name of the service you used?

Re: What happened with the Web Monetization API?

#227

Post by latchkey »

triceratops wrote: post #225
latchkey wrote: post #221

Earlier quoted context omitted.

Eh? You just made up the quote for the OP (and me for that matter), which implies that you're just inserting your own opinion.

Yeah I paraphrased. But was it really so wrong? (Btw I didn't downvote you if it matters) "KYC is useless" is a reasonable summary of "KYC exists to make life hard. It solves no real problems". And is there a big difference between "Crypto is useless" and "crypto does not solve any real world problems"?

Paraphrasing on absolutist positions seems pretty wrong to me if that is the point you're trying to make.

I could have left the KYC portion off of the original comment and thus this one point feels like a festering wound for a meth addict (anti-crypto HN) to pick at instead of being focused on the larger message.

Regardless, we are off in the weeds debating about the word "useless" (a word neither the OP nor I never used), when it really has nothing to do with my original post at this point. This isn't interesting to discuss, so I'll stop now. Thanks.

Re: What happened with the Web Monetization API?

#228

Post by latchkey »

theonething wrote: post #226
latchkey wrote: post #198

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 si…

I need to send money to VN from time to time. Would you mind sharing the name of the service you used?

Easily google'd. Shows up in the top 5 results for me.

Re: What happened with the Web Monetization API?

#229

Post by BlueTemplar »

tzs wrote: post #190
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…

> Are there any promising avenues towards microtransactions that gets around small card transactions getting a hefty fee? Or an approach that doesn't require one company to have a monopoly over it? Either one company with a monopoly or maybe a small number of companies is probably the only feasible way to do it, because efficient payment processing is only half the problem. The other half is taxes. Every time someone…

But why is the VAT a showstopper ?

Because of extra complexity ? But the payment software itself can figure out the exact amounts. Which then can also be aggregated monthly/yearly.

Not to mention that plenty of jurisdictions only require that for businesses, while non-businesses don't have to report anything about their donations/sales unless they cross a yearly threshold.

Re: What happened with the Web Monetization API?

#230

Post by martindale »

Just start using HTTP 402 and JSON payloads. We can just converge on whatever ends up common; for me, there is already a monetary standard for the Internet.

I participated in these meetings for some time, during the rise (and rise) of Bitcoin. It's clear that the landscape of the financial web has shifted significantly at this point (for better or worse, in many ways), but standards, as usual, lag the market.

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