"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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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.
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
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Gumball machines in the 70s were a penny. Were they micro transactions? We made plenty of those micro decisions and didn’t feel stressed or taxed about it.
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Great ! In the current Age of Everything Free, the question nobody sees is.. who will foot the bill and for how long !?! That is.. till when 'Angels' will pour capital OR users turned into merchandise.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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