Twitter users should be rewarded for correctly reporting abuse @jack @TwitterSupport. Great use-case for micropayments.
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Submicro Payments
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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Micro as a prefix for measurement denotes a 10^-6 relationship to the unmodified. Ex. 10^6 Micrometers= 1 meter. Coincidentally, 0.000001 bitcoin is just under one cent in USD which seems like a good line for "micropayment"
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I see what you're saying but picking 1 BTC as the "base unit" for a "payment" is as arbitrary as picking $1.00 USD. "Micro" isn't scientific here, it just means "really small". Or according to Nick (iiuc) too small for the human brain to comprehend or rationally value.
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Hey that's the exact amount I wrote in my first tweet!
Micropayments IMO will be useful for software talking to software, abstracted away somewhat from the humans. -
Prices transmit human preferences -- there's no point in them otherwise.
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It's still human preference just implemented by machine agents.
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I Busted this person. He was Impersonating Mr. Szabo.pic.twitter.com/XKLP0o2ovD
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Millipayments then :D
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