It seems like the crux of our disagreement that you think this particular example is a good comparison to my example of Mapquest.
I've never had the need you're talking about here. Who does? If enough demand for it, then I'd assume it would already be pretty convenient and cheap
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If you are doing international payments at a two-sided marketplace, like was at Airbnb prior to founding Coinbase, you feel this problem first hand.
Because it is hard to do, people don’t do it. If it was easy, it would enable new models. Payments like packets.
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My company is a managed marketplace that does international payments with Transferwise at the scale of 100 transfers per payroll and it's not a pain point at all. Sure it gets more complex at scale but now we're not talking about something with Mapquest-like broad appeal
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Like I guess the crux of our disagreement, the whole reason I'm not able to go down your rabbit hole, is I don't see the average person making thousands of international micropayments constantly?
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Do they make thousands of international microcommunications constantly? They do, via packets over the internet.
Did they do so in 1990? No.
Did the ability to do so change the world? Yes.
That’s the case for why programmable money is on par with programmable information.
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Ok so you really are claiming that the average person needs to be making thousands of micropayments...
Web's bits flying around support a use case: searching, social media, etc.
What's a compelling use case where we need to go implement tons of micropayments to make it happen?
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Bumping this thread because I’m still stuck thinking about any plausible specific referent of your abstract analogy between the current frequency of data transfers across internet nodes and your claimed future frequency of blockchain micropayment transfers
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Go to web inspector & see how many different international communications are made to different countries on one web page :)
The most obvious application of scaled programmatic microtransactions is defi trading via bot, which is already happening. See eg hummingbot.io
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There are likely 1000s of other applications for programmatic microtransactions beyond just trading, just as there were for programmatic microcommunications, but this is like predicting every internet co in 1995.
That said, tasks are another application:
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Replying to @levie and @aeyakovenko
Disagree. LinkedIn is a shadow of what crypto LinkedIn could be. Every person with an on-chain resume, receiving a feed of tasks optimized to their skills, anywhere in the world. Liquid micro work.
Made progress with Earn, spoke about it with @tylercowen
conversationswithtyler.com/episodes/balaj
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To clarify:
Your claim is that most regular people on the internet will soon have their devices participate in thousands of token microtransactions per day,
And as supporting examples, you're choosing (1) DeFi trading bots and (2) liquid microwork?
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Defi is at $100B in two years.
Many power users — developers and investors —already use it constantly.
Things with that characteristic tend to get really big.
(btw, liquid microwork is already billions too. See scale.ai, mturk, etc).
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