"The lesson for micropayments is that mental costs usually exceed, and often even dwarf, computational costs. [Big] reductions in computational costs [are] often economically insignificant....[mental] costs will increasingly come to dominate." https://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf …
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You don't want CONSCIOUS micropayments, you want automatic micropayments in real time using a service.
An extremely difficult problem for almost all kinds of consumer transactions; for the computer to act beneficially on behalf of the consumer it has to know the consumer's preferences and not have embedded conflicts of interest, among other things.
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True. On one hand, it could provide much more flexible and fair subscription models, on the other hand it's hard to align incentives or stop service providers and users from gaming the system.
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But I can imagine a scenario, where user is incentivised to use such service and save money (as opposed to monthly sub for example) and businesses are motivated to install such system to attract more users, even though payoff from one users is lower.
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People can imagine all sorts of fantastic things, but the very many in the many years before and since I wrote that piece who have actually tried to do this have all failed.
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It was the same with Bitcoin - people imagined trustless decentralized e-currency long before they actually managed to create it, failing all along the way. That is no excuse to stop, just to learn from past mistakes. The question is: are micropayments actually wanted by market?
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to answer the question we can do: A)Market "analysis" B)Make it accessible to everyone and check results in few years I used to like B plans
End of conversation
New conversation -
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Not really. That’s why the subscription model has become such a success
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