Blog: https://sheep.horse/
Mastodon: @sheephorse@mastodon.online
> As I have described earlier, the race to the bottom is a feature, not a bug. It encourages other sites to mirror your content.
The problem is that bottom in this case is “free, with ads.” As soon as you post your well researched expensive to produce content, I will summarise it and offer 90% of the experience for free. That’s if Google doesn’t do it first with AI summaries.
There are plenty of crypto projects that tried to do micropayments. They failed mainly due to technical reasons but if they had worked they still would not have gained traction - nobody wants micropayments.
I get the sentiment but micropayments just don’t work - the main problems are not technical but social. Even in the gaming sector, nobody really charges less than about a dollar for items - that is the smallest unit of money where putting up with fraud, complaints, and chargebacks becomes worthwhile.
Add to this the huge race to the bottom (they are charging 3 cents for their article, read my summary for 2 cents) and you quickly begin to see why micropayments have never taken off.
Finally, I wrote a blog post along these lines with more detail[0]. For those who disagree, ask yourselves; would you pay me 2 cents before you click that link.
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