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Author Topic: [2014-08-19] ChangeTip Wants To Kill Clickbait With Social Bitcoin Micropayments  (Read 676 times)
cescan (OP)
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August 19, 2014, 03:51:03 AM
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http://techcrunch.com/2014/08/18/changetip/

Those who want a better business model for online content, i.e. one that isn’t based on increasingly invasive surveillance and increasingly insidious advertising, have long held up the hope that micropayments could power an alternative rewards-based system, where the cumulative act of lots of users donating small amounts to the services they use and love adds up to something substantial. It’s a great idea in principle but in practice there are ongoing barriers to creating a web powered by micropayments — transaction fees being one of the biggest.

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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August 19, 2014, 01:30:21 PM
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I'm really excited about the idea of these micropayment systems. I think they could really take off on various social media sites. Being able to tip people tiny amounts of youtube and twitter would be great for adoption.
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