It's clear by now that ads are for lazy. If your plan is to monetize your site with ads, today just like 10 years ago, you lost.
Edit: surprised by the negativity on her reaction for _hacker_news. She's rebuffed by the $ and time investment for a single song ("unknown website, takes time to create an account, multiply by times she wants to buy a song). As she says:
> and not enough to pay to risk giving my credit card to an unknown third party.
This is a UX challenge, not some morale lecture.
Then for content at large, there's pretty much everything to do. Not surprised if Stripe and ApplePay, both focused on this micro-amount market, take it all.
After they read an article, they can click either a "worth it", "meh" or "garbage" button. At the end of the month, all subscription fees are distributed to each publisher proportional to their "worth it" votes. This will drive up quality. If "garbage" votes are penalized, it will discourage bad content as well as link-baiting, dishonest titles or any other gaming of traffic.
We're seeing the same problems with all the streaming platforms.
If we're not willing to pay for good content, i.e. the writer's livelihood, then we're all fucked. If you read my other comment herein[1], you'd know we're all paying anyway, even though we are fooled into thinking it is free.
As bad as advertisement is, it still helped subsidize my reading when I couldn't afford to pay for it, while the subscription model would create a tiered Internet for the more and less well-off.
What if authors who refused ads just couldn’t compete against the deluge of free books?
What if books had a way of tracking who read them, and this previously private information was sold on the information markets?
Thankfully, they don't.
Federation isn't a very catchy name. Maybe you can think of it as a bunch of strings, all wound together. Like a cord, or... or like a Cable! Yeah, call it "Cable".
I assume most channels make their income almost entirely off of advertisers, and channels which are not watched as frequently are presumably not paid as much. In the proposed system I would assume the idea is to decrease/remove advertising and content providers would be given a share of the revenue based on user ratings? Seems interesting, but probably not terribly practical. It seems this could devolve into clickbait hell pretty quickly.
> It seems this could devolve into clickbait hell pretty quickly.
Avoiding clickbait and rewarding actual quality is the point of the simple rating system. The garbage rating actually penalizes clickbait further.
Clickbait happens today because of the advertising model, where the click not the content generates revenue.
But the reason that clickbait works, is that people like clickbait. So I'm not sure you'd get much success with getting people to rate them "garbage" when they like them. Sure, maybe not en masse, but on an article-by-article level, people do like clickbait.
No, the reason that clickbait works is because the clickbait itself (which is the thing which is presented before you click the link) looks like something that the user is likely-enough to like that they are willing to click it to find out.
The whole reason that its called clickbait is that that impression is often deceptive. So, getting feedback of the quality of the target of clickbait links would be potentially useful in weeding out the garbage.
I think at this point if a user clicks on a link titled "12 Best Disney Princesses", they know exactly what they're going to get—and they click on it, because that's what they want to see.
In 2015, sometimes it feels like the best example of modern journalism is Buzzfeed. Go to any journalism conference, and their logo will be on many, many slides. As a journalist today you might feel that it’s more valued to write clickbaity headlines than to write pieces of well-researched journalism. But, Buzzfeed doesn’t work if people need to pay per article.
At Blendle we see this every day. Gossip magazines, for example, get much higher refund percentages than average (some up to 50% of purchases), as some of them are basically clickbait in print. People will only pay for content they find worth their money. So in Blendle, only quality journalism starts trending.
From: https://medium.com/on-blendle/blendle-a-radical-experiment-w...
Did it fizzle out due to lack of use, or improved security on the banks' part, or am I just another victim of the Mandela/Berenstain effect?