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It's all about getting everyone to provide their credit card details for future revenue streams eg. micro-transactions.
And also to give them a competitive advantage in the ad space e.g. allowing companies to target you based on your real life identity.
I worry that this may paradoxically increase bots, because now the price of legitimacy is $1 per year. Bot farms and shills will do the math.
I worry that this may paradoxically increase bots, because now the price of legitimacy is $1 per year. Bot farms and shills will do the math.
It’s not the $1, it’s the identity linked to the charge. So now they can be blocked as well as traced back to the funding account. I once was in a charity sponsored therapy group and they had a $10 fee. I was annoyed as this was a pretty wealthy organization and the fee seemed discriminatory, or at least a hassle. I learned that it was just there to validate each participant. So I think this is just a filter to help…
Also there is number of services like privacy.com that allow to hide real card details. And even if person is using real card then payment process have absolutely no way of knowing anything except those few last numbers of the card.
Bypassing credit card checks for botting as easy as any other protections.
I worry that this may paradoxically increase bots, because now the price of legitimacy is $1 per year. Bot farms and shills will do the math.
It’s not the $1, it’s the identity linked to the charge. So now they can be blocked as well as traced back to the funding account. I once was in a charity sponsored therapy group and they had a $10 fee. I was annoyed as this was a pretty wealthy organization and the fee seemed discriminatory, or at least a hassle. I learned that it was just there to validate each participant. So I think this is just a filter to help…
It will be very interesting to see how this turns out.
Obviously, there is no value in the ability to publish your thoughts. You can do that for free on an ever growing number of platforms. But Musk seems to bet on a private attention economy. Where even private individuals are willing to pay for attention. Not only businesses.
Has this been tried before, or is this a first?
Lots more discussion yesterday: https://news.ycombinator.com/item?id=37922973
I don't believe this will work out well. Many bots will come, as long as they make a >$1/year profit, which I believe most of them do.
Imagine a botnot and if each node cost the operator $1. The economics require near zero marginal costs to ddos or spam or whatever.
It seems to cost $10-20 to buy 1,000 followers [0] so I expect lots of those accounts get turned over frequently.
It will be interesting to see if this has any effect.
[0] https://www.socialchamp.io/blog/buy-instagram-followers/
I worry that this may paradoxically increase bots, because now the price of legitimacy is $1 per year. Bot farms and shills will do the math.
It’s not the $1, it’s the identity linked to the charge. So now they can be blocked as well as traced back to the funding account. I once was in a charity sponsored therapy group and they had a $10 fee. I was annoyed as this was a pretty wealthy organization and the fee seemed discriminatory, or at least a hassle. I learned that it was just there to validate each participant. So I think this is just a filter to help…