Maybe this is one task the B-Foundation could try improve and not fall behind (or let it be/get incompatible to lightning’ just because to few ressources went into it... once it gets standardised it is hard to change it in a close future)
Lol. Liquid Network, Lightning Network... not even operational. Will be centralized if they ever do materialize. W3C already recognises Ripple's ILP. XRP Ledger already exists. EOS coming thick and fast. It's game over for Bitcoin.
XSN have made huge advancements on Lightning Network, just the other day they released Lightning Swaps on their mainnet as the first stage of their DEX. They are going to run their Lightning Channels on their MN network too.
Most people are willing to trust their browser to hold their banking passwords (I don't). But I think it's a pretty easy stretch (even for me) to trust a browser with maybe anywhere from $10-$100 worth of crypto. If the browser has a good mechanism kind of like phones have for apps like: "site X wants to charge you 11 sat/s for streaming, do you want to allow? There'll be an indicator in the tab header and in the top-right corner etc to indicate you are being charged at that rate currently"
Then you allow it and go on with your day. News sites that currently have paywalls, you just authorize sales in general and then when you visit a specific article it says, "Hey, to view this article it's 150sat, continue?" and for sites you frequent often (wikipedia for instance) you just say, yes, always pay the fee (up to a threshold, i.e. 400sat) any time I visit the site so it doesn't bother you with a prompt.
As long as this has a good UI with good default configurations AND can have the thresholds modified easily, it would change the way the web is used. It would even be super easy to say "remove ads for this session for 12sat" type of behavior.
Yes, it means you're spending money every time you use the internet. But for those of us who would rather pay with money than with privacy,,, this makes a LOT of sense.
I wish. Ideas are a dime a dozen. Execution is the hard part.
I have much more achievable dreams I'm working on which give me enough trouble as it is. This type of thing is an undertaking I'm not prepared for.
I'm with you on the concept... however there is an argument that when making micropayments, a human being experiences the same amount of anxiety as when spending $20 on a new book.
I don't think most people would be willing to add this additional complexity and anxiety to their life.
For micropayments to be a success, they need to happen out of sight and out of mind.
Yeah, we agree on this. I think a very good way to spur adoption would be to kick it off not by charging people, but by paying them.
i.e. sites that already make money from advertisements, if there's an API in place when you visit the site it could prompt the user with a simple message: "Hey! when you visit this site, our ads generate revenue. We are passing some of that on to you. And you start seeing an indicator spinning and hovering it shows your satoshi's balance start increasing.. Even if it's basically nothing, milli-satoshi's start trickling in"
Then other sites can say, "Hey, you have X milli-satoshi, do you can remove ads for 32 nano-satoshi per second while you're on our site.
If we start doing things this way on the extremely small scale, it becomes a way of life. This has unquestionably already happened with ads, you go to YouTube and watch your video and if you're not on YouTube Red, you get an ad in the middle of your video and you just expect it. You are exchanging your time, attention, and privacy for the video you want to be watching it's just become so common place that people don't really think about it.
Once the system is in place and in use and people are use to it, now the bigger purchases (by bigger I still mean pennies per article / pennies per minute of streaming) are expected and known enough that it no longer produces anxiety, it's just part of how society functions.
The anxiety is part of human biology. If there's something flashing on your screen asking you to make a financial decision, it's costing you biologically/psychologically. Wether you're dealing in multiples of dollars, or fractions of cents. thats why I don't think the idea of having a balance with every single website you visit is going to be the killer application of micropayments. I believe they certainly will have their place, I just don't think it's this.