Twitter users should be rewarded for correctly reporting abuse @jack @TwitterSupport. Great use-case for micropayments.
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Don't think they need a decentralized cruptocurrency to implement it, do they? Also, no one gets excited about $0.001 as
@NickSzabo4 discusses in http://nakamotoinstitute.org/static/docs/micropayments-and-mental-transaction-costs.pdf …1 reply 0 retweets 3 likes -
Replying to @mecampbellsoup @jack and
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.
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Replying to @lightcoin @mecampbellsoup and
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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Replying to @NickSzabo4 @mecampbellsoup and
s/micropayments/payments (although $0.50 payments for anything except gumballs are quite rare nowadays)
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Replying to @lightcoin @NickSzabo4 and
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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No they won't. Cryptocurrencies do not solve the mental transaction cost problem.
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Replying to @NickSzabo4 @lightcoin and
That requires software agents operating on our behalf, perhaps?
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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