"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 …
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Replying to @NickSzabo4
Mental transaction cost:automobile lane change::pay-per-click:pay-per-stoplight -- from
@coindesk "A new patent awarded to Ford suggests the U.S. automaker is considering the use of cryptocurrency to let cars on the road communicate with each other and reduce traffic."1 reply 0 retweets 2 likes
Replying to @JosephBWalton @coindesk
Lemmings never learn. :-(
11:01 AM - 27 Mar 2018
0 replies
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