Comment by einsteinx2
14 hours ago
Subtract the standard ~3 cent transaction fee and he’d end up owing money instead. That seems to always be the catch with micropayment ideas.
14 hours ago
Subtract the standard ~3 cent transaction fee and he’d end up owing money instead. That seems to always be the catch with micropayment ideas.
Sounds like we need an open source index fund where you can make one payment that goes into a pool of money which is invested into the top 1000 open source projects.
What are the top 1000 oben source projects?
It almost seems like someone ought to be able to build some kind of digital currency with low transaction fees and no centralized payment processor that could power microtransactions. I wonder why nobody has done that yet.
I know crypto was supposed to solve this problem, but I’ve never seen an implementation that actually did the job. You’d think someone would have built a successful “Patreon for micropayments” in the past 10 years, but no one has.
BAT literally was built for (accumulation of) micropayments.
Yeah I think the problem is that most of the main chains had astronomical transaction fees; most of the side chains that solved this problem had a trust problem; and Bitcoin Lightning was sorta dead on arrival, though it had both the trust and the technology solution. At that point, this forum had already moved BTC from "amazing new technology" to "huge threat to social order and environment".
Sounds like the above 2 ideas should be combined. Lightning payments are more or less free, and an index or tracker that looks at your bash history could make it possible to spread 5$ per month over all projects that you use.