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DylanBohlender | 4 years ago

Lightning network theoretically makes micropayments possible, and that should be celebrated for enabling new ways of online monetization that the tech world writ large can explore.

Imagine if you could buy access to a paywalled news article for $0.02 (on an article-by-article basis) instead of having to purchase a monthly subscription. Or imagine being able to pay $0.10 to watch a particular episode of a show without needing to subscribe to the streaming service. How many people would prefer doing that instead of using current SaaS subscription models (which exist largely because it's a huge hassle to implement credit card-based micropayments)?

Subscription businesses should be on guard: micropayments open up advertising-independent ways for creators to monetize content. With all the well-deserved criticism of ad-based businesses in recent years (particularly social media), it's possible that micropayments enable business models that don't rely on ads the way many online businesses have up to this point. That's huge, and kudos to Twitter for taking the leap.

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lnxg33k1|4 years ago

I also think if we remove advertising from existence another plus for the society would be getting rid of "articles" about "look this dog how much barks when he sees the postman", maybe some would pay for that, but I think having micropayments to access content would force the content to be meaningful