Comment by rcpt
5 hours ago
Micropayments never work. It's too much friction for the median user to decide if they want to spend a quarter on an article.
https://nakamotoinstitute.org/library/micropayments-and-ment...
5 hours ago
Micropayments never work. It's too much friction for the median user to decide if they want to spend a quarter on an article.
https://nakamotoinstitute.org/library/micropayments-and-ment...
Used to be you would trade a yak or a horse for something. Then you could trade little pieces of metal. In the future, why not something smaller? I mean, people are trading virtual things (like an app). Why not something small for something as small as a website view?
Look at the paper. There's a floor to mental work. Even if it's a nickel, having to make that decision is enough friction to kill the whole deal