Earlier quoted context omitted.
Microtransactions are the perfect solution, if you have an economic theory that assumes near-zero transaction costs. Technology can achieve low technical costs, but the problem is the human cost of a transaction. The mental overhead of deciding whether I want to make a purchase to consume every piece of content, and whether I got ripped off, adds up, and makes microtransactions exhausting. When someone on the interne…
> the problem is the human cost of a transaction. The mental overhead of deciding whether I want to make a purchase to consume every piece of content […] > When someone on the internet tries to sell you something for a dollar, how often do you really take them up on it? It depends on how micro they are. Your example of $1 is quite big. It should be cents or even less. Several examples. When using chatgpt api, do you…
I'm not the parent, but when I use the OpenAI API (not ChatGPT API, that stuff is very cheap in comparison), I do keep an eye on my spend. For the more variable models like o3, o3-pro, GPT-4.5, expenditure can quickly exceed what you decided to spend. I'm glad you can set spending limits if you choose to do so.