Micropayments
exploring microtransactions on the Internet. for example, wanting to pay per newsletter article instead of subscribing to the full thing. What's been tried, why it hasn't worked, etc...
sari and
Micropayments
DA: Well, totally. I feel the same way about like, why can I not pay 10 cents to read a fucking New York Times article? I realize that people have been proposing companies that would build this layer for so long. Some of them already exist. So maybe it's stupid to hope that blockchain would do it, but at the same time it's not a question of where d... See more
Dirt • Dirt | Substack
Twitter introducing Tip Jar is a reminder that microtransactions don't work. Someone sent a dollar on PayPal and PayPal took $0.33.
Now do that at scale with a ton of articles. It doesn't work.
Only one solution: pre-funded wallets baked into the platform or the browser.
A better Twitter tip system than the tip jar:
- $0.01 to like a tweet
- $0.05 to retweet
- $0.10 to post a reply
70% go to the tweet author, and Twitter keeps 30%.
Fewcents | Micro-Access For Online Media
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