I think failures of BitcoinTip and flattr and later relative failure of Steem.it shows that there is really no market for micropayments for content.
But what do I do know, maybe ethereum is different.
But what do I do know, maybe ethereum is different.
The title of this submission is a little misleading - when you upvote an answer on Cent, you're effectively allocating a portion of the bounty to that answer.
re: Ethereum. We definitely think there is huge potential for decentralized apps (dapps) and that Ethereum is at the forefront of making them happen. One HUGE barrier to adoption is that, aside from maybe having a gpu that can mine a tiny bit, your only gateway to getting Ether is by buying it, e.g. through Coinbase. Without Ether, you can't use any of the dapps, and if it's just a bunch of speculators holding Ether, the dapps may never gain traction. Fundamentally, we believe that currencies are meant to be earned, and we want to be a mechanism for people new to the decentralized world to get involved by earning them.
- One platform/standard to donate to or receive for any content on the internet.
- Ease of use, secure online wallet.
- Very low transaction fees, accepting donations from say 10 cents.
Flattr is subscription oriented and most people don't like having a recurrent expense. Steem.it, like Cent.co are limited to content on their site, and there is much better content in the internet that most people would donate first.
So the question is how to make this platform/standard and get youtube, twitter, facebook, quora... adopt it. Some rely heavily on advertising and I don't think they are interested to change that business model yet.
That is a feature of the Iota coin, transaction fees are zero. Of course there are some other problems, but in general, it would be perfect for such micropayments.