Micropayments – Interview with the PopChest Team
PopChest is a new platform that uses Bitcoin micropayments to generate an income to its participants. PopChest uses bitcoin micropayments to get people the content they want and directly reward the artists they love. The startup was born from the idea that content producers should be awarded by their content. This has motivated the PopChest Team to design a platform where content producers can be directly compensated by those who view their videos. The team is also trying to decentralize the platform the much as they can.
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Micropayments have been touted as one of Bitcoin’s main use cases since the early days of the technology, and a recent trial of the Bitcoin-powered content platform PopChest by YouTube Star NurdRage indicates that these claims may not be overblown. NurdRage has been testing out various alternative content monetization schemes lately, and a test of PopChest generated a 400 percent increase in revenue for the science-focused YouTube channel. Past Tests With Bitcoin-Focused Content. The early testing ground for PopChest’s micropayments-based content monetization model has been TheProtocol.TV.....
CoinTelegraph spoke to experts from Safe Cash Payment Technologies, Inc, Bitfortip.com, SatoshiPay.io, PopChest.com and Fuzo to learn their views on micropayments. Great expectations. Nicholas Negroponte, head of the MIT Media Laboratory, predicted in 1998 that we were going to see, within the next year, an extraordinary movement in the web of systems for micropayments. Nowadays, Andreas Antonopoulos is still trying to raise awareness among people about the possibilities offered by the micropayment system. Walter Isaacson, CEO at Aspen Institute, writes: “A flourishing digital economy....
PopChest is a service that allows YouTubers and video producers to earn money from their videos without the need for advertising. Users pay a very small fee in Bitcoin, usually $0.25 (approximately 0.000414 BTC at the time of my writing), to watch the content producer’s video. This directly supports the creator, and also allows users to see exclusive content. PopChest has had limited success, but recently, a YouTuber with 600,000 subscribers signed up for the service, creating a surge in interest. PopChest was founded on 7th May 2015 by Valerian Bennett and James Poole, with the intention....
Dr. Aron Fischer of Swarm and Colony explains how Ethereum-backed micropayments will free us from the control of Facebook and Google. He also talks about the implications of Ethereum on society in an interview shot at the Devcon 2 conference last September. Several new projects are being developed on the Ethereum platform. They have the potential to reach the mass market sooner than most users could ever imagine. Fischer says in the video: “The reason we ended up where we are today is because of a lack of micropayments. The reason that companies like Google and Facebook spend so much time....
Ryan X. Charles, co-founder and software engineer of Bitcoin-based content sharing platform Yours, officially introduced the world’s first Bitcoin micropayments web wallet that is structurally similar to Core’s Lightning network. Upon the introduction of Lightning by Joseph Poon and Thaddeus Dryja in 2015, developers and startups saw the first potential of a Bitcoin micropayments system which would allow applications and platforms to rely on the security measures of the Bitcoin network but benefit from increased flexibility and scalability. Steemit under fire of criticism. Essentially, the....