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Micropayments as a reality check for news sites

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41–50 of 408 posts

Re: Micropayments as a reality check for news sites

#41

I pay for the Ground News app. It's an aggregator that (somehow) gets me all the articles on a topic, shows me how factual each source is and which way they lean politically. It summarizes the articles so I can ignore the click-bate headline and know whether I want to read more. I'm honestly not sure why this isn't the standard. It solved all my news problems and fills all my news needs. I'm honestly not sure what th…

Does it give you access to the full content? Or just link through to the article (which may be behind a paywall)?

I would be willing to pay for content, but not for an aggregator.

Re: Micropayments as a reality check for news sites

#42

I pay for the Ground News app. It's an aggregator that (somehow) gets me all the articles on a topic, shows me how factual each source is and which way they lean politically. It summarizes the articles so I can ignore the click-bate headline and know whether I want to read more. I'm honestly not sure why this isn't the standard. It solved all my news problems and fills all my news needs. I'm honestly not sure what th…

> ... shows me how factual each source is and which way they lean politically.

Fact-checkers and whatever you call people that gauge political biases aren't impartial sources of information. Someone pays their bills and those people typically have agendas besides delivering objective truth.

I'm not suggesting that paying monthly fees or paywalls are a solution to the problem either.

The real solution is to stop reading the news IMO. Let these companies go out of business and get replaced by something better. If one must read the news, just use an aggregator and archive.is for bypassing paywalls.

Re: Micropayments as a reality check for news sites

#44

> who want to bury us in deepfakes, extreme right wing bullshit It's a shame with articles like this that are otherwise insightful, they just lose me with sentences like that. Like, if you don't have enough insight to recognize that bullshit is a general political issue, and has been forever, how can I rely on any other analysis you make?

Which tech billionaires are trying to bury us in extreme left wing bullshit?

Re: Micropayments as a reality check for news sites

#45
I have a patent on micropayments for the Web from 1996. 30 years later, the situation hasn't changed and Clay Shirky or Andrew Odlyzko's arguments around the mental cost of microtransactions remain valid. Besides subscriptions to individual publications, the only model that would work is a Spotify-like subscription for a bundle of sites, with the revenue shared according to page views (or better, some metric that does not reward clickbait).

If they don't want to be stiffed on royalties like how musicians get pennies from Spotify, news sites will need to establish some sort of co-op to host this, and not rely on the likes of Meta or Apple, as tech companies have proven treacherous to the news biz many, many times before.

Re: Micropayments as a reality check for news sites

#46
who the hell wants to think about micropayments every time they read an article? microtransactions just suck outright, they create a ton of overhead for everyone involved — both use and implementation

not to mention that they're fundamentally incompatible with the american credit card cabal, which forces you into buying some goofy monopoly money that you're likely to overspend on regularly

Re: Micropayments as a reality check for news sites

#47
post #12

This does not seem to reckon with the many, MANY times this has been tried and failed. (The LinkedIn post at least acknowledges attempts that "did fail in the 90s and 2000s" and quickly waves them away.) There have been at least a dozen serious attempts in the last 20 years that I'm aware of. What about Blendle? They had NYT, WaPo and WSJ as launch partners in 2014 but give up on micropayments in 2023 citing "very lo…

Scroll was successful. I had a subscription, and it worked on multiple sites that I was visiting.

So Twitter acquired and killed it.

Re: Micropayments as a reality check for news sites

#48

I pay for the Ground News app. It's an aggregator that (somehow) gets me all the articles on a topic, shows me how factual each source is and which way they lean politically. It summarizes the articles so I can ignore the click-bate headline and know whether I want to read more. I'm honestly not sure why this isn't the standard. It solved all my news problems and fills all my news needs. I'm honestly not sure what th…

Ground news is a YC alum isn't it?

It's almost certainly going to get enshittified eventually, but more than that, it purposely pushing a false "Left vs Right" narrative about news. That's part of the problem.

Also the way they summarize every story into just a few bullet points (which, if it isn't already written by AI, surely will be) IMO is actively downplaying important issues, in an attempt to defuse false energy in reporting of less important issues. Artificially downplaying serious stuff is as detrimental as artificially overplaying non-serious stuff.

The Google Pixel "news" feed has the same problem now that it does AI "summaries"

Like it's great that they aggregate a lot and show you articles from publications you wouldn't otherwise see, but I just cannot trust them in the future.

Re: Micropayments as a reality check for news sites

#49
post #3

Micropayments work for games because there is some specific outcome I know I want and know paying this money will move me closer to that goal in the immediate future. That isn't the case for news content. In news it's "reading this might be interesting" or being generous "knowing this might improve my life at some point". That delay in outcome will kill micropayments because it again goes from a very easy calculation…

Maybe initially you wouldn’t know if an article would be good. But over time you could probably make reasonable guesses from the author/headline/title combination.

Great now I need to pay attention to the authors and make a mental mapping of who the good ones are to decide if the friction is worth it. That in itself adds more friction which in turn makes the barrier higher.

Re: Micropayments as a reality check for news sites

#50
post #3

Micropayments work for games because there is some specific outcome I know I want and know paying this money will move me closer to that goal in the immediate future. That isn't the case for news content. In news it's "reading this might be interesting" or being generous "knowing this might improve my life at some point". That delay in outcome will kill micropayments because it again goes from a very easy calculation…

That is a correct evaluation of this. I've worked in marketing for a longer while and your instincts are spot on.

In media generation, such as music, streaming, articles, etc the only thing that gets people to fork over money regularly is if they're a fan of some sort. The patronage system. That means they have to like you and come back to you so often that they'll feel a connection - and they'll want to support you out of the goodness of their heart. This is the strategy used by streamers, by buskers on the street, and by content creators of all sort.

The main issue with applying this to articles is that most news is discovered by way of google news, or a similar hub site, which sometimes will present news from you - but it won't happen often enough to create such a connection. One may ask if the frequency of this happening is deliberately that low, compared to social algorithms on other products, where return visits are encouraged - if you like a tweet, you get more tweets from that same person; if you like a short, you get more youtube shorts from that channel; and so on.

Ultimately for news you have to be so large that people will come to you on their own, without being funneled through google news. This works for huge news sites - the register, NYT, Golem, etc. There is no way for a small site to break through like that. I think the last time I've seen this get pulled off successfully - a website started from 0 generating a cult following - was Drudge Report.

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