No one's yet made a workable solution for web micropayments, but one aspirational design metaphor I like is an electricity meter.
I don't think about running my dishwasher as a transaction with a price and a receipt: I just do things, and I get a bill at the end of the month.
Conversation
Replying to
Prices are (fortunately!) calibrated so that the monthly bill is not usually a big deal. If it seems high, I might dig in: hey, this appliance is wasteful! Or maybe I need to turn off the mining bots or whatever. But default-batched transactions really lowers friction.
1
1
43
It's interesting to think about monetizing web content along these lines: you just read things; small charges accumulate; you pay the bill at the end of the month and maybe change future behavior if it seems too high. You could set a cap if you wanted. Aim for effortlessness.
3
2
68
I was excited to discover today that there's a proposed web standard very much along these lines! webmonetization.org
I don't know if this is the right solution, but *something* like this might help us escape the awful ads model.
10
5
85
A great point about the trouble here: how can price negotiation happen sensibly? The spec punts to browsers, but it’s quite a hard problem for the long tails.
Quote Tweet
Replying to @xeegeex and @andy_matuschak
It's an information theory question: the price signal comes from both positive and negative economic choice. Either negotiation in the bazar for the fringes, or supply demand in the bigger market. The utility model doesn't have that.
5
1
23
Also, I discovered the Web Monetization API via this wonderful essay on the magic of the web being left behind in the mad rush for newsletters: robinrendle.com/essays/newslet, which in turn I found via 's 💯 relaunched Society of the ‡:
5
6
33
This Tweet was deleted by the Tweet author. Learn more
It sounds like it, yes! I hadn’t learned about BAT.
4
Related: Micropayments and Mental Transaction Costs by
Nick Szabo nakamotoinstitute.org/static/docs/mi
2