"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 …
-
It's almost 20 years old, but as relevant as ever.
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
Thanks. 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.