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 @pmullr @lightcoin and
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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Replying to @NickSzabo4 @pmullr and
Your original paper (linked above) never defined the term.
1 reply 0 retweets 0 likes
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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Replying to @NickSzabo4 @lightcoin and
So the working definition is < $0.001?
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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