There's a testnet satoshis place in addition to the mainnet one. Even though that version costs nothing & has the same exact features, plus there are more testnet wallet clients, the mainnet version is getting 40x the number of payments per day. Done right, micropayments do work.
Only when they are part of the fun of a game as in Monopoly or these Lightning test apps. Games are not real life -- do not be fooled like the countless lemmings before that have lept over the micropayments cliff.
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What do you see as the fundamental impediment to micropayments?
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Thanks!
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Nick, what do you think of "micropayments" that are metered out automatically by software based on usage? Seems it could be transformative but also cognitively scaleable, as there is a precedent- I make a "micropayment" everytime I turn on a lightswitch or run the faucet
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Works only for fungible goods and below normal granularity levels doesn't serve the purpose of conserving resources (costs more in brain time to worry about it).
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Makes sense. Are you bullish on decentralized “markets” for fungible goods like storage and compute, or do these fall below that threshold?
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Maybe games are micropayments' niche, but it's a huge one. Every game producer should be looking to LN now.
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In b4 a LN powered in-game economy in minecraft...
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I feel like I'd be particularly hurt by mental transaction costs. That constant nagging awareness in the back of my mind of even 1/1000th of a cent per click/second would weigh much more heavily on me than a bundled monthly package, even at several times higher cost overall.
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