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Author Topic: Microtransaction industry moving forward  (Read 1281 times)
Stephen Gornick
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March 29, 2011, 04:11:53 AM
 #1

A couple examples of microtransaction-based services:

Torrent Traveler:
You upload a torrent file and Torrent traveler will retrieve the download for you.  When the torrent download has completed, you then can pay $0.25 (per GB) to retrieve the download over the web:
  http://torrenttraveler.com/avpzaqvbpxgz4rukk3cgqoxvf

Here's an ebook, where chapters are sold individually, $0.25 USD each:
  http://project7alpha.com/2011/03/chapter-1/

Minno allows buyers to top up a wallet balance by charging to a credit card:
  https://www.minno.co/account#buy-credit

Minno is in closed beta right now but was featured on Tech Crunch:
http://techcrunch.com/2011/03/28/minno-hopes-theres-a-place-in-this-world-for-a-small-simple-e-wallet

Bitcoin already has two bitcoin-powered download services
  http://Ubitio.us.com and http://BitcoinService.co.uk
and shopping cart interfaces
  http://en.bitcoin.it/wiki/Category:Shopping_Cart_Interfaces
to compete against minno, however the differences include:
  - immediacy  (There's no waiting for a block or two to confirm on minno before releasing the goods)
  - slick API / integration

There's no reason Minno couldn't accept bitcoins as a "funding" method.  There's really no reason why Torrent Traveler can't use using bitcoins directly.

PayPal competes with their PayPal/X microtransaction payment platform

It is great to see attention brought to microtransactions and the virtual goods industry.

It will be interesting to see where Bitcoins fits in these areas.

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March 29, 2011, 05:53:38 AM
 #2

A couple examples of microtransaction-based services:

Torrent Traveler:
You upload a torrent file and Torrent traveler will retrieve the download for you.  When the torrent download has completed, you then can pay $0.25 (per GB) to retrieve the download over the web:
  http://torrenttraveler.com/avpzaqvbpxgz4rukk3cgqoxvf


This is a service I would probably pay for today - especially if the downloaded torrents could just be mailed to me on DVD-R.  Some of us don't have the bandwidth to spare - or our usage is metered in such a way that it would cost more than $0.25/GB just to download whatever it was.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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April 04, 2011, 07:56:19 PM
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#1 on Hacker News right now is a new microtransaction link sharing service GumRoad:
  - http://news.ycombinator.com/item?id=2406614

Of course, Bitcoin is already there:
  - https://en.bitcoin.it/wiki/Trade#Virtual_goods

MoonShadow
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April 04, 2011, 10:53:33 PM
 #4

A couple examples of microtransaction-based services:

Torrent Traveler:
You upload a torrent file and Torrent traveler will retrieve the download for you.  When the torrent download has completed, you then can pay $0.25 (per GB) to retrieve the download over the web:
  http://torrenttraveler.com/avpzaqvbpxgz4rukk3cgqoxvf


This is a service I would probably pay for today - especially if the downloaded torrents could just be mailed to me on DVD-R.  Some of us don't have the bandwidth to spare - or our usage is metered in such a way that it would cost more than $0.25/GB just to download whatever it was.

DVD-R's are a pain in the ass.  What about a mailable USB drive with return postage and an address label?

I can see a usage based opp here for some teen with cheap bandwidth.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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