https://news.ycombinator.com/item?id=40972106
Would be nice for the EU to implement such a feature.
131–140 of 146 posts
https://news.ycombinator.com/item?id=40972106
Would be nice for the EU to implement such a feature.
Honestly this is one of the main usecases of crypto, in my opinion. And it's only in 2024 where the transaction costs are cheap enough that it's worth it. Still, fragmentation of crypto makes the whole experience shitty - but we've been working on this to fix that: https://docs.peanut.to/checkout-api
The problem is that crypto doesn't provide anything that non-crypto shouldn't wouldn't also provide in a cheaper and easier to implement way.
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OK, even if we say that the ads from the website creator are not legitimate, it doesn't make the ads from brave legitimate. Try to think about this from the perspective of another person instead of yourself. Or think about this comparison: I own a bar where I sell drinks to the general public. Then some businessman comes in, throws out my bar staff and starts selling his own drinks to the guests, and offers 10% of re…
> Or think about this comparison: I own a bar where I sell drinks to the general public. Then some businessman comes in, throws out my bar staff and starts selling his own drinks to the guests, and offers 10% of revenue to me. Which is a completely wrong comparison. - You own a bar (website) and serve drinks (ads) to the general public. - A large subset of your visitors decides they like the atmosphere of the bar, bu…
This is the reason why corruption is so rampant in the world. People skip the line to get healthcare by bribing an official. They think it's right, because they only look for their own interests. The bribe-taking official is an "enterprising individual".
The creators of Brave skillfully use this egotism of users to make them accept and even defend their illicit practices. "Oh, I get free money, then I like it". If they were honest about their business they would distribute their ad money to creators without going through the user, but which user would then enable their illicit ads?
Blocking ads as a user is completely different. Nobody makes money by blocking ads for themselves.
This is the one thing that I actually thought cryptocurrency would help - getting small adhoc payments out from under the bootheel of Mastercard and Visa, and especially for international transfers that cross between, say, the MC/Visa duopoly regions into other ones like the Asian ecosystems. But instead it's slow, inconsistent, inconvenient, balkanised, dripping with scams, criminals and bad actors and still involve…
Fully agree. We should just settle on a single internet currency thats fast, interoperable and not a market for speculation. Hmm perhaps we don’t need more types of currency? Perhaps it’s better to push deep integration of modern banking changes like psd2, psd3 and others. Across the whole internet. So everyone can just do regular payments with their own bank in a safe and protected way, and hopefully with less inter…
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Cryptocurrency might have been ok, but this is their own custom currency. In other words, they’re paying people in scrip. They shouldn’t be surprised that people don’t like that.
It/Uphold can automatically convert it to USD. You don't have to concern yourself with the intermediary form at all.
IMO this is mind-blowing, tangible proof that micropayments in return for my time and attention works. Imagine a world where our attention is actually valued and rewarded, where all people receive income through many various streams as they navigate the physical and digital worlds. We can argue back and forth about pros/cons/ethics of arriving at my anecdotal valuation (bitcoin, crypto, etc), but that's not my point -- the point is that this type of system actually does function, and in theory could raise tides enough across the world to lift all boats in really positive ways.
Tangential, but Michael Saylor has also opined about how this type of micro-payment / micro-staking could go in the opposite direction, using smart contracts and Lightning to escrow fractional tokens to participate in social media or even prevent DDOS attacks if woven into the underlying networking appropriately. Obviously I'm skeptical about certain latencies that would be added but, conceptually, forcing people to have SOME skin in the game and doing it in an invisible, frictionless way is quite intriguing.
Anyways, just one man's journey from Milan to Minsk by way of Brave and BAT lol
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> Or think about this comparison: I own a bar where I sell drinks to the general public. Then some businessman comes in, throws out my bar staff and starts selling his own drinks to the guests, and offers 10% of revenue to me. Which is a completely wrong comparison. - You own a bar (website) and serve drinks (ads) to the general public. - A large subset of your visitors decides they like the atmosphere of the bar, bu…
Like I suspected, you unfortunately don't have the capacity to see things from another persons perspective. That's normal, that's how most people are. The only way you could understand would be if you yourself had to make a living from ad-supported creativity. Until then, you will not be capable of understanding. Or you've effectively used sophistry enough in life to make it a habit. But everybody sees through it. Th…
No, you're just an arrogant piece of work without an ounce of self-reflection in him. Bye.
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Have you seen the fees on ethereum L2s? Your opinion may be slightly outdated, I wouldn't consider a single digit number of cents a large fee
Single digit cents is not a large fee, but blockchain fees are dynamic. And the more traffic, the more expensive. I would not appreciate if that 2.6 cents suddenly became $2.60. Also the maximum number of transactions for Bitcoin (not sure etherium) is about 10/s. Processors like Visa and MasterCard process thousands of transactions per second. And if every article read is another transaction that would need at least…
For example for Bitcoin there's the Lightning network as L2, where you do one transaction to open the channel, and one to close it, and channels can remain open for months. Payments are routed through a network of channels, so you only need one or a few channels to other nodes and can reach all nodes in the network.
The transactions are much cheaper in this network precisely because they're not on chain, but it's still secure because each L2 transaction leads to a signed (but not published) blockchain transaction that each party of the channel can choose to publish at any time (and close the channel).
There's a bit more to it, and I recommend anyone who isn't aware of L2 networks to look into it.
Honestly this is one of the main usecases of crypto, in my opinion. And it's only in 2024 where the transaction costs are cheap enough that it's worth it. Still, fragmentation of crypto makes the whole experience shitty - but we've been working on this to fix that: https://docs.peanut.to/checkout-api
>Honestly this is one of the main usecases of crypto, in my opinion. The problem is that crypto doesn't provide anything that non-crypto shouldn't wouldn't also provide in a cheaper and easier to implement way.
- worldwide
- private
- anonymous
- no middle man
- no censorship
- costs 0.0X per transaction
- take less than 10 minutes
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Fully agree. We should just settle on a single internet currency thats fast, interoperable and not a market for speculation. Hmm perhaps we don’t need more types of currency? Perhaps it’s better to push deep integration of modern banking changes like psd2, psd3 and others. Across the whole internet. So everyone can just do regular payments with their own bank in a safe and protected way, and hopefully with less inter…
> We should just settle on a single internet currency that's fast, interoperable and not a market for speculation. With respect to crypto, a "single currency" shouldn't be a prerequisite because, with a $3T mcap, crypto has plenty of liquidity across centralized and decentralized exchanges to allow anyone to convert between any currencies they have on-chain. (Uniswap for instance has $1B - $6B volume transacted daily…
Earlier quoted context omitted.
> We should just settle on a single internet currency that's fast, interoperable and not a market for speculation. With respect to crypto, a "single currency" shouldn't be a prerequisite because, with a $3T mcap, crypto has plenty of liquidity across centralized and decentralized exchanges to allow anyone to convert between any currencies they have on-chain. (Uniswap for instance has $1B - $6B volume transacted daily…
Every transfer costs money. Every swap costs money. I now have to choose which L2 provider to trust implicitly, with no recourse on failure. And at the end of it, I still have internet points, instead of something that can pay rent or buy food.
Yes, all real world payments, from credit cards, to bank transfers have transaction fees. Depending on where you are in the world, even cash payments can include taxes per transaction.
> Every swap costs money.
Yes, currency conversion in real life includes fees.
> I now have to choose which L2 provider to trust implicitly, with no recourse on failure.
No, the whole point of a rollup is that your transactions are posted to L1 in a provable manner. Optimistic rollups and ZK rollups all allow you to transact without having to trust the L2. (There are caveats for those L2s that are in various stages of implementation and that's all public information.)
> And at the end of it, I still have internet points, instead of something that can pay rent or buy food.
The question was how to pay the publisher of a web page and this is a technology forum. So we discuss technological solutions. Paying rent and buying food is a solved problem.