The Greatest Bitcoin Invention Ever! (updated)

[ebliever]

On this general topic, I do look forward to someone developing a cryptocurrency geared towards microtransactions that can be used for  viewing web pages in general. Right now when you go to the average news website you are being barraged with dozens of ads to read one story (including all the annoying/misleading clickbait stuff).  Imagine just having an account with a couple dollars worth of crypto, and when you visit the news website it just deducts a small amount from your account, but you get a nice, clean webpage with just the news story (or whatever) you were looking for. I think a lot of people are at the point where they'd be willing to pay for that, at least some of the time.

This is slightly related to a project I worked on a few months ago, but tabled for the time being because it involves extremely high transaction rates. Until that is solved, ideas like this will have to wait, at least as far as widespread adoption is concerned.

[e1ghtSpace]

I think more would be willing to spend two cents to remove an ad

Absolutely. With youtube Red this is already happening for $10 a month. Now we need the bitcoin equivalent.

[Blue_Tiger73]

The idea seems decent and all but I don't think people want to pay so they can comment on a video. If they want to comment on a video, they can just go to YouTube and do it for free. Only generous people would do that, and there aren't many of them in the world. So I don't really see how the website could sustain itself. Or you can prove me wrong and start the website, tell me if it goes well.

[cjmoles]

On this general topic, I do look forward to someone developing a cryptocurrency geared towards microtransactions that can be used for  viewing web pages in general. Right now when you go to the average news website you are being barraged with dozens of ads to read one story (including all the annoying/misleading clickbait stuff).  Imagine just having an account with a couple dollars worth of crypto, and when you visit the news website it just deducts a small amount from your account, but you get a nice, clean webpage with just the news story (or whatever) you were looking for. I think a lot of people are at the point where they'd be willing to pay for that, at least some of the time.

This is slightly related to a project I worked on a few months ago, but tabled for the time being because it involves extremely high transaction rates. Until that is solved, ideas like this will have to wait, at least as far as widespread adoption is concerned.

So, the "pay to post" sorta idea and "pay to visit"  idea....are those ideas kinda in the realm of what Ethereum is trying to accomplish....kinda sorta?

[maokoto]

The idea is good in a perfect world. But in my experience, most people would not pay except they are forced to do it. They will likely prefer to be shown an ad before they could comment.

Perhaps some would pay to see the video without ads (as some have said), and that if there are several ads in the video (if it is just one ad at the beginning, they would likely prefer to skip it).

[tiggytomb]

Nice line of thought although I think people would be hesitant to pay in order to add a comment.
If there was a button similar to the thumbs up like button we all know, I think would be more inclned to like a video rather then commenting on it.
  It would be cool to see a site that included video sharing and also a faucet so users could top up their user profile with some dust, then with this they can tip / like the video and over time the more you tip the higher rank you get and in turn a slightly higher percentage from the faucet, the faucet would be fed by adverts and donations etc.

Or Youtube can just accept bitcoin haha

[BitProdigy]

in light of the LBRY beta, i thought this thread could benefit being brought back up...

I like LBRY, I mean we DESPERATELY need a Youtube replacement, the censoring and demonetization is getting out of hand, and I'm CERTAIN there is a way to do it in crypto.

LBRY looked promising, but i just get the feeling charging to watch videos is not the way to go. I wish they could have copied what Steemit figured out, so that it costs nothing to the users, but the content creators still get payed handsomely when they have popular content, and the comments are incentivized to be good, because upvoted comments get paid too.

I really wish there was a STEEMTUBE...

Currently the LBRY beta does not even allow comments or ratings of videos. but should they try beta testing something like charging LBRY tokens to comment, or paying out for up votes somehow? I liked Franky1's ideas earlier in this thread:

ok the way i can see it working well would be this..

when you write a comment you pay 2cents..
1cent goes to the video producer.. and 1 cent is stored as a '+1' credit..

meaning you get to +1 another persons post..

so lets say 20 people write comments..(40cent total budget) video producer gets 20cent
and then the commenters see that 3 commenters make very informative posts
Commenter A: +12 (12cent reward)
Commenter B: +5 (5cent reward)
Commenter C: +3 (3cent reward)

this will mean that people will want to make very informative comments in the hope people will +1 them, and get some profit from the comments


as far as i have interpretted a working idea.. the viewers PAY to comment. but can also be rewarded for having informative comments.

lets say another website pays people 1cent for just making a random spammy comment.. 100% of viewers would make 1000 comments.. to raid the websites cashpot.
but by making it cost 2cent to make a comment, that will remove the spam as there is no incentive to write spam if it will cost you.. that way lets say only 1% of viewers decide they want to comment and actually pay for the privelidge.. that alone is a good thing..

and by also having a commenters reward system, more commenters would be tempted to pay to write something.. but not just to spam comments as they wouldnt get any +1.. but to actually have something productive to say they would get rewards.

yes maybe only 10% of viewers will comment in th hope of a reward.. but they would be the best comments ever, compared to 100% of viewers making 1000 comments to raid the 'pot' of the other site

let's brainstorm

[GreenBits]

then your 2 cent turn into 5 cent because min 10k satoshi transaction fee

LOL right?! and i would be remiss to pay someone in stock; if bitcoin hits 10k that 5 cents turns to 10 cents. personally, im not trying to give anyone a damned bit of my bitcoin, please have some inflationary USD  

Great idea, but I think the majority of youtube posters thrive on the comments section being free. i will never pay to comment; someone could talk shit about my mom and I would stare at the video and be like "man, thats cold, but they arent getting my btc. mom will be alright". I would, however, pay 2 cent for youtube not to loudly advertise shit at me that I will never buy (I have a phone, youtube/google. im not going to buy another one until this one breaks. back off, mang)

This is essentially reverse Steemit. You have something here, incentivize people to post somehow (maybe the most prolific/upvoted posters get a daily/weekly leaderboard prize?)

[BitProdigy]

if bitcoin hits 10k that 5 cents turns to 10 cents. personally, im not trying to give anyone a damned bit of my bitcoin, please have some inflationary USD  

Great idea, but I think the majority of youtube posters thrive on the comments section being free. i will never pay to comment; someone could talk shit about my mom and I would stare at the video and be like "man, thats cold, but they arent getting my btc. mom will be alright".

well, with LBRY for instance, you would be paying 2 LBRY tokens, not BTC