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Cloudflare Introduces NET Dollar

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Re: Cloudflare Introduces NET Dollar

#51

Post by JumpCrisscross »

wmf wrote: post #50
JumpCrisscross wrote: post #44

Earlier quoted context omitted.

> If you define instant as less than half a second then Solana, Avalanche, and various L2s are instant I suppose. I don’t see why Cloudflare would want to give up that sort of control. The advantage they bring to the table is they’re a trusted brand per se .

Since most existing blockchains are open source they can just create their own Flarechain™ based on existing code. This would give them de facto control but also the appearance of decentralization at the same time. My point is that it's technologically possible.

> My point is that it's technologically possible

Oh totally, that’s why I qualified blockchain with major and public.

Re: Cloudflare Introduces NET Dollar

#53

Post by IgorPartola »

JumpCrisscross wrote: post #49
IgorPartola wrote: post #45

Earlier quoted context omitted.

I hear you on Trump but note that POTUS has full access to the IRS records. Except he doesn’t and that is an official executive branch agency, unlike the Fed. Besides, ideally you’d be able to get a foreign central bank account too.

> note that POTUS has full access to the IRS records. Except he doesn’t He hasn’t asked for it. I strongly doubt if he can control the Fed and FTC that the IRS will somehow be a red line. > ideally you’d be able to get a foreign central bank account too Oh goodie, what I need in my life is the CCP being able to blackmail me.

I mean don’t open an account in China? And this doesn’t preclude private banking. You can pay a private bank to manage your money, just that you also have a public option.

I don’t really want to go down a full political rabbit hole but Trump can ask for whatever he wants. If you look at all the cases in the federal courts currently they all are basically figuring out just how much of what he has tried is actually legal and mostly finding that very little of it is. As a result you’ll see headlines like “Trump requests JumpCrisscross’s medical records and bank statements” on the front page of CNN but you won’t see the headline on page six that reads “Trump appointed judge laughed the FBI’s lawyers out of the court room for making a stupid request.”

Re: Cloudflare Introduces NET Dollar

#55

Post by meander_water »

> The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value

I don't understand this. How is pay per use and paywalling content going to incentivize the creation of original content? If anything, people are more incentivized to create low quality, generic content because they're not directly accessible by humans.

Re: Cloudflare Introduces NET Dollar

#56

Post by wmf »

meander_water wrote: post #55

> The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value I don't understand this. How is pay per use and paywalling content going to incentivize the creation of original content? If anything, people are more incentivized to create low quality, generic content because they're no…

Cloudflare's plan does assume that AI crawlers and deep research agents can tell quality content from slop before they pay for it. If the AIs just pay for anything I agree with you.

Re: Cloudflare Introduces NET Dollar

#57

Post by wmf »

IgorPartola wrote: post #24

Holy buzzwords Batman. But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong, this is the solution. /s Instead of this, we need a central bank that can provide everyone with a direct account to stop all the banking speculation. That’s the instant transactions I want.

But I am sure this will really be the crypto coin to power the internet’s transactions. All the previous ones got it wrong

50% of Web traffic doesn't flow through Coinbase or Tether; it goes through Cloudflare. So yeah, they have a much greater chance of successfully erecting a tollbooth. And just like you pay US taxes in US dollars you'll pay Cloudflare tax in Cloudflare dollars.

Re: Cloudflare Introduces NET Dollar

#58

Post by BoredPositron »

meander_water wrote: post #55

> The Internet’s next business model will be powered by pay-per-use, fractional payments, and microtransactions—tools that shift incentives toward original, creative content that actually adds value I don't understand this. How is pay per use and paywalling content going to incentivize the creation of original content? If anything, people are more incentivized to create low quality, generic content because they're no…

They want to reinvent flattr but this time on the blockchain.

Re: Cloudflare Introduces NET Dollar

#59

Post by [deleted] »

nickysielicki wrote: post #48

Dear whiners: the reason the internet sucks today is because this didn’t already exist. Do you know why Reddit did their horrible redesign and locked down their apps? It wasn’t because you didn’t complain loudly enough, it was because their shareholders were concerned about losing out on profits from data scraping AI companies. Do you know why Twitter can’t be read without logging in? It’s because their shareholders…

[deleted]

Re: Cloudflare Introduces NET Dollar

#60

Post by growthwtf »

You all need to stop being so pessimistic. This is a great idea.

Want PBS to stick around? Make it so anybody who's sticking on chat GPT gets great answers from PBS and every time ChatGPT scrapes it, PBS gets money.

Is it extremely difficult? Obviously. Will it work? Probably not, very few things do. Is it a great thing that some folks are doing it and trying to make it work so that we can have a functional media ecosystem in a post-social-media age? Absolutely.

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