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comment by user-inactivated
user-inactivated  ·  3952 days ago  ·  link  ·    ·  parent  ·  post: Chicago Sun Times experiments with bitcoin paywall.

I don't want to buy bitcoin yet.

But I think Doge/Bit/WhicheverCoin might be able to save paid for journalism. And if the contemporary economies of nation-states keep being giant Ponzi schemes for the already rich and already powerful ... then I'm still listening.

I would never do micro-transactions before because I'm unwilling to pay a bank/financial institution ANYTHING on transactions that small.

If the middle-man (the financiers) could be removed then I would be more down with micro-transactions.

Hell ... I would be down for a Hubski TipJar.

What I am not willing to deal with for that is the instability. I don't have the excess wealth to take those risks just to read ChiTown articles.





mk  ·  3952 days ago  ·  link  ·  

The ability to transact value like you can with bitcoin is incredible. I can send anyone any amount of money now, without any fee. There are countless existing business models that can benefit from this, and who knows how many new models it can create.

user-inactivated  ·  3951 days ago  ·  link  ·  

Unless it's a large transaction, there are still transaction fees: https://en.bitcoin.it/wiki/Transaction_fees.

mk  ·  3951 days ago  ·  link  ·  

Yes, I should have said 'almost no fee'.