What we need is a social-first internet where every piece of content is associated with an actual human and people query for content through their social graph. This will be doubly important in the age of AI.
What we need is a social-first internet where every piece of content is associated with an actual human and people query for content through their social graph. This will be doubly important in the age of AI.
Just a few minutes ago, I wanted to read an NYT article but it asked me to buy a $1/mo subscription. Very cheap, but a) I don't read NYT that regularly and b) doing that with every news outlet I occasionally read, adds up. On the other hand, if it had asked for $0.25 to read just that article, I might have paid it. I would have been even more likely to pay if there had been some service, possibly provided by the ISP itself, where all such microtransactions of mine are aggregated and billed once for me at the end of the month.
My problem with recommendation algorithms, at least YouTube's, is that by design they recommend things based on keywords and categories for videos you have watched previously. So what happens is that I get hooked on some new topic, say cave diving for example. And then I watch a whole bunch of cave diving videos ... until I get sick of cave diving and want something different. But because of my viewing patterns, my recommendations are FLOODED with cave diving videos that I don't care about anymore.
I don't know how to solve that problem. And it might even just be a "me" problem related to the way that my brain works.
If they are not getting rid of the algorithm, it would make sense to let me manage the keywords that are driving it.
On Netflix I have a seperate "user" for asian movies so the main user is not flooded with recommendations for asian movies. Those 2 users have extremly different list of recommended movies.
When I watch a few "The girl is doing her homework" music movies on YouTube they quickly drown out everything else on the homepage. When I later watch a few "watch later" engineering movies, the music videos are drowned out and I then have difficulty finding more music videos. It's like starting over from scratch every time.
https://www.youtube.com/account
Works well to keep different viewing histories and commenting identities separated.
1. <https://en.wiktionary.org/w/index.php?title=nickel_and_dime&...>
The economics of credit-card transactions, unfortunately, make this fundamentally impossible.
You're probably also misjudging how tiny those amounts are. Vending machines, for example, nowadays don't really stock anything costing less than £0.50, if they take credit cards. Public toilets can often be £1 or £2.
As far as I know, for in-person transactions ("contactless" in Europe) the economics work differently - for example SumUp quotes a flat fee of 1.69% plus a small one-time cost to buy and register the reader devices. That gets you parking meters, public toilets and the like.
However, for online credit card transactions (which are a very different risk profile, to be fair) there's a fixed cost of something like $0.20 per transaction on top of the percentage fee.
That is why, for example, substack has a minimum pricing tier of $5 for subscriptions, and why Patreon is "restructuring" because their original micropayments model wasn't breaking even.
So I agree with the parent poster that microtransactions _online_ are currently infeasible - not fundamentally impossible (Visa/MasterCard/Amex/Diners etc. could bring in a new pricing model) but it is impossible for even the NYT to set up a workable "pay $0.50 to read this artice" tier at the moment.
A kind of system where you micropay "on credit" and it's all billed once at the end of the month could, depending on the jurisdiction, make the service provider subject to regulation as a provider of financial services.
As far as I'm aware, a "medium-like" model works when all content you're paying for is "on the platform", this includes not just medium, but also substack, and a lot of streaming sites like twitch. There's one company involved, and one jurisdiction for settling any disputes.
Once the enities you're paying are corporations themselves - potentially based in different states - the picture becomes a lot messier; I would imagine that a system where both a reader in Germany and one in India can micropay per article for a combination of the NY Times, the Toronto Star and the South China Morning Post is beyond what current market dynamics can offer.
After all, Patreon was supposed to be the next step up from medium etc. albeit with content creators as individuals rather than corporations, and that's already struggling.
https://www.quanloop.com/en/investing/are-sepa-payments-real...
it will be interesting to see if lightning/crypto etc. will continue to increase pressure to improve this capability in the traditional banking system - it would enable all sorts of new payment/pricing models for online services like discussed here.
i would love to be able to just make micro-payments for things i have found useful, regardless of what site they are on.
1. You are asked to pay before viewing the content. This incentivizes content owners to display clickbait titles but does not incentivize content quality. People will click through lots of interesting titles and have a hard time finding out the valuable ones.
2. You are asked to pay after viewing the content. This is similar to a donation - just look at the state of open-source software. Only a few geeks who understand the value of donation will pay.
3. You are asked to pay a subscription fee upfront, and the fee is split between all content owners that you did read. If you view YouTube, have you signed up for YouTube Premium? Why not? Do you trust YouTube not to hold your videos hostage and pay only a tiny bit of revenue to uploaders?
Unsolved, difficult problems of micropayments:
pay before viewing: how do you know that the thing you're paying for is the thing that you're expecting? What if it's a rickroll or goatse?
so do you give refunds a la steam?
pay and adverts: double-dipping is very annoying
pay and adverts: how do you know who you're paying? A page appears with a micropayment request, but how do you know you've not just paid the advertiser to view their ad?
pay and frame: can you have multiple payees per displayed page? (this has good and bad ideas)
pay and popups: it's going to be like those notification or app install modals, yet another annoyance for people to bounce off
pay limits: contactless has a £30 limit here. Would you have the same payment system suitable for $.01 payments and $1000 payments? How easy is it to trick people into paying over the odds (see refunds)?
pay and censors: who's excluded from the payment system? Why?
Part 2: business model problems! getting money into the system is plagued by usual fraud problems of stolen card transactions for pure digital goods
nobody wants to build a federated system; everyone wants to build a Play/Apple/Steam store where they take 30%
winner-take-all effects are very strong
Play store et al already exist, why not use that?
Free substitute goods are just a click away
Consumers will pirate anything no matter how cheap the original is
No real consumer demand for micropayments
=> lemma from previous 3 items: market for online goods is efficient enough to drive all marginal prices to zero existing problem of the play store letting your kid spend all the money
friction: it would be great if you didn't have to repeatedly approve things, such as a micropayment for every page of a webcomic archive. But blanket approval lets bad actors drain the jar or inattentive users waste it and then feel conned
first most obvious model for making this work is porn, which is inevitably blacklisted by the payment processors, has a worse environment for fraud/chargebacks, and is toxic to VCs (see Patreon and even Craigslist)
Internet has actually killed previously working "micropayment" systems such as Minitel, paid ringtones (anyone remember the dark era of Crazy Frog?); surviving ones like premium SMS and phone have a scammy, seedy feel.
accounting requirements: do you have to pay VAT on that micropayment? do you have to declare it? Is it a federal offence to sell something to an Iranian or North Korean for one cent?* blood pressure intensifies *
> where every piece of content is associated with an actual human and people query for content through their social graph
I do think that latter part is an interesting idea, modulo performance questions and echo-chamber concerns. Also, what about providing anonymity to oppressed peoples?
Perhaps for my last point above, we could have bifurcated services, where the user explicitly knows if they are operating in verified space or anon space.
Of course you could consider some of that a special case of content mills and spam. It certainly can’t be separated from the ad based business model and the attention maximizing algorithms that drive it, since most of that stuff rides on the fact that being crazy or toxic maximizes engagement.
There just seems to be a lot of lonely and depressed people out there, and unfortunately they often time they seem to congregate to wallow in each other's depressive thought loops. It's hard enough to escape from the gravity well of depression when you're alone in reinforcing the darkness. Can't even imagine what getting stuck into one of those quagmires might be like.
It was there on Usenet, it's been there since people were scratching messages on bathroom stalls and subway walls.
But yes, now we have effectively created cult generators and not only does no one want to turn them off, really smart people (even many with good intentions) keep making them more efficient.
In retrospect, I was naive. Just because we see something our shadow wrote next to our handle doesn't mean we recognize that as ourselves. If anything, we're shadow projecting much harder than ever.
Covid lockdowns - people actually were lonely for a long period.
The decline of traditional news media - more extreme headlines are essential for more money to appear.
Right, so how do we fix it? I'm wondering if uBlacklist has a place here (a tool to block domains from search results) -- it would be interesting to see if we could all come together and contribute to a database of SEO farm / junk websites to improve search results.
As an example, EasyList includes a lot of GUID domains[0].
[0]: https://github.com/easylist/easylist/blob/master/easylist/ea...
By paying for content you consume, so that there will be no money in SEO, content farms and click mills.
SEO has become a real current day Paperclip Apocalypse, just through ads instead of paperclips. And to think we’ve barely introduced AI to it yet!
Isn't that what the social networks are, internally?
I agree that attention/engagement farming is a major driver for the web's enshittification. I don't think content attribution and verified identities are the solution.
Two(ish) key features of the earlier phases of the web that seem relevant to me were:
- most content wasn't profit driven
- social interaction was not gamified, was slower and was often siloed/themed
Trending, dog-piling, attention-economy hacks were all greatly limited.