Twitter users should be rewarded for correctly reporting abuse @jack @TwitterSupport. Great use-case for micropayments.
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cryptocurrency opens the system to anyone with a wallet, and could prevent Twitter from being classified as a bank (so long as users control their keys). The micropayments would be much larger than $0.001, maybe like $0.50 or something reasonable to compensate for report time.
If $0.50 is a micropayment then the term "micropayment" has been made meaningless and we need a new word for payments smaller than traditionally-sized payments.
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s/micropayments/payments (although $0.50 payments for anything except gumballs are quite rare nowadays)
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Perhaps cryptocurrency will make the distinction somewhat meaningless in the long-run anyway. We don't call $1 billion transactions "megapayments" do we?
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Twitter would offset this by requiring a cost to creating accounts. The reward can be paid by confiscating a bond posted by new accounts.
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False equivalence. Using a private service like Twitter is not a right, it's a privilege and one that can be revoked.
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Submicro Payments
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Adding more syllables and words is stupid. How about just use the term "micropayment" as it was used by everybody when I wrote those articles, namely to mean on the order of magnitude of 1/1000th of a dollar, i.e. a payment significantly smaller than a traditional sized payment?
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Your original paper (linked above) never defined the term.
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Alas, I should have, but its meaning was commonly understood among users of the word at the time, and I didn't realize marketers were going to mutilate it beyond recognition after so many micropayment schemes failed.
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nanopayments?
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Arguably, a micropayment could be described as a digital payment thats too small for a credit card. nano payments are <2c. (Arbitrary numbers)
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$0.50 is small payment, not micropayment.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Have a micro payment mean a micro dollar (if $ is what counts). So 10^-6 of a dollar and make micro mean micro. So I agree 50% of a $ is not micro, we need to make micro mean micro. I would not use dollars myself, but if it helps then $ is OK, but ....
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Milli Micro Nano Pico Femt Atto
Thanks. Twitter will use this to make your timeline better. UndoUndo
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