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

Why Micro-Payments for Journalism Don’t Work (Crypto or Otherwise)…

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%.