"Mental transaction costs raise fundamental barriers to customer acceptance of fine-grained bundling and pricing." Lightning can be great for many things, but pay-per-click & similar are jumping off the same cliff as many prior micro/nano payment attempts. http://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf …
-
-
Yes. These aren't payments substantially smaller than traditional payments, which is what "micropayment" means if it means anything. If doesn't mean anything we need a new word to describe what lemmings keep trying and failing at without learning anything from the prior failures.
-
One makes $0.25 to $2 decisions frequently. Below $0.05 is waste, below negotiated limits. - Bitcoin is funny because Fees are in BTC which are in Dollars. At $5 Mil Valuation min fee is $0.05. At 1 Sat / Byte, $22,000 creates a $0.05 min fee increment - Only batching solves this
End of conversation
New conversation -
-
-
I had the same thought when testing
@raiden_network last year. We need mechanisms such as caps (total cap, max price, max # of tx) to avoid overspending & still allow automationThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.