11–20 of 82 posts
Allow me to extol the virtues of bitcoin over the current credit-card/banking based payment system. 1)Hard money, once you receive payment in bitcoin it stays with you, meaning no chargebacks(Paypal, credit cards, looking at you). 2)Fast payment, you can recieve payment within minutes of it being made(sometimes faster, but more on this in a moment). 3) Low barriers of entry, to start accepting bitcoin you don't need…
Allow me to extol the virtues of bitcoin over the current credit-card/banking based payment system. 1)Hard money, once you receive payment in bitcoin it stays with you, meaning no chargebacks(Paypal, credit cards, looking at you). 2)Fast payment, you can recieve payment within minutes of it being made(sometimes faster, but more on this in a moment). 3) Low barriers of entry, to start accepting bitcoin you don't need…
It is well worth a listen.
Unfortunately this model doesn't seem to work. If you look at what's getting votes it's things like pictures of girls and kittens.
It may not work. It's still too early to tell. If you look at other content sites that have tried to pay out to contributors (think Mahalo), their models didn't work either. Huffington post finds more success by paying nothing.
Earlier quoted context omitted.
It may not work. It's still too early to tell. If you look at other content sites that have tried to pay out to contributors (think Mahalo), their models didn't work either. Huffington post finds more success by paying nothing.
I think the problem here is that the introduction of payment changes the psychology from one of sharing information to one of maximizing income (gift Vs capital). In the latter mode of operation the quality of the information is a secondary concern.
Earlier quoted context omitted.
It may not work. It's still too early to tell. If you look at other content sites that have tried to pay out to contributors (think Mahalo), their models didn't work either. Huffington post finds more success by paying nothing.
I think the problem here is that the introduction of payment changes the psychology from one of sharing information to one of maximizing income (gift Vs capital). In the latter mode of operation the quality of the information is a secondary concern.
Unfortunately this model doesn't seem to work. If you look at what's getting votes it's things like pictures of girls and kittens.
There is a cost if the articles isn't popular(which rules submitting any old crap)
There is a cost of voting up articles, which rules out people with too much time(and not enough money) on their hands scewing the numbers.
Perhaps it hasn't worked before, but then no one has tried doing this with bitcoin, that singular ingredient makes a lot of formerly impossible things very achievable.
Allow me to extol the virtues of bitcoin over the current credit-card/banking based payment system. 1)Hard money, once you receive payment in bitcoin it stays with you, meaning no chargebacks(Paypal, credit cards, looking at you). 2)Fast payment, you can recieve payment within minutes of it being made(sometimes faster, but more on this in a moment). 3) Low barriers of entry, to start accepting bitcoin you don't need…
Allow me to extol the virtues of bitcoin over the current credit-card/banking based payment system. 1)Hard money, once you receive payment in bitcoin it stays with you, meaning no chargebacks(Paypal, credit cards, looking at you). 2)Fast payment, you can recieve payment within minutes of it being made(sometimes faster, but more on this in a moment). 3) Low barriers of entry, to start accepting bitcoin you don't need…
Can you name some of those services that spring up? So far i have not been able to find anything that would make use of Bitcoins in an interesting way.
The big upcoming service that will be able to utilise bitcoin is nfc which google is bringing to android. They recently introduced a bitcoin library so it will be a possibility at least.
Unfortunately this model doesn't seem to work. If you look at what's getting votes it's things like pictures of girls and kittens.
Well if that's what people are willing to pay for then let them have it. I don't see how it doesn't work. There is a cost if the articles isn't popular(which rules submitting any old crap) There is a cost of voting up articles, which rules out people with too much time(and not enough money) on their hands scewing the numbers. Perhaps it hasn't worked before, but then no one has tried doing this with bitcoin, that sin…
Allow me to extol the virtues of bitcoin over the current credit-card/banking based payment system. 1)Hard money, once you receive payment in bitcoin it stays with you, meaning no chargebacks(Paypal, credit cards, looking at you). 2)Fast payment, you can recieve payment within minutes of it being made(sometimes faster, but more on this in a moment). 3) Low barriers of entry, to start accepting bitcoin you don't need…
Can you name some of those services that spring up? So far i have not been able to find anything that would make use of Bitcoins in an interesting way.
Bitcoin is perfect/preferable for very small transactions. This coupled with the fact that there simply aren't many Bitcoins out there probably points to unique ideas cropping up in the micro-micro-economy space. Check out https://en.bitcoin.it/wiki/Trade for a complete list of services.