Earlier quoted context omitted.
I mean, yeah? This entirely misses the point of the article. In fact, it couldn't have been a worse shot. I don't know enough about the economics of this stuff, but I'm willing to pay for good online writing. I have a national paper subscription, two magazines and a handful of substacks I subscribe to. But this feel like a price point issue for me. Why is everything $9.99/month (close to $15/month CAD)? Where are all…
Blogger siderea has talked about this a lot in relation to patreon, and the challenges for any platform wanting to replace it. EDIT: https://siderea.dreamwidth.org/1824441.html and https://siderea.dreamwidth.org/1371510.html Apparently it comes down to how card processing fees work, as long as there's a constant fixed cost per payment (whether or not there is also a percentage fee), "microtransactions" become unecono…
We've not already tried blockchain for this. The rails are there, just a small matter of implementation. Everyone's too busy building shovel factories and not enough people are mining for gold to make a web3 micropayments product.
I can, right now, buy $5 of solana on Coinbase, give you $0.05, with an inconsequential fee of $0.001 or so using Solana, and with enough $0.05 payments, you can cash it out via Coinbase. It works on web on desktop via a chrome extension, I'm still working out a solution for mobile.
I'd love to have an Internet reading budget for the month and have that automatically get disbursed to the writer if I read past a certain point in the article. The rails are all there, just a small matter of code and then getting adoption.