The Promise of Bitcoin Micropayments: Corporations, Incentives and Altcoins
On 3rd February, the Chicago Sun-Times, in partnership with BitWall, launched an experiment to see if people were willing to pay small amounts of bitcoin for articles over a 24-hour period. This was done in the via the startup's bitcoin microtransaction paywall at which people were asked to donate coin in order to read content, as reported here. There was a social media alternative as well, which allowed readers to tweet stories instead of paying, or even leave the site altogether by clicking 'no thanks'. The Chicago Sun-Times BitWall paywall. The test run saw a total of 713 visitors....
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ChangeTip now enables ACH payments for Bitcoin. Bitcoin tipping startup ChangeTip now allows customers to buy Bitcoin via ACH without waiting for days for a bank account to be linked to the transaction. The company charges a flat rate regardless of the transaction amount. To enable the payments ChangeTip has partnered with electronic solutions provider Knox Payments, a company that has a focus on speeding up the processing of funds through ACH. ChangeTip is a new platform that enables micropayments via social networks. It holds great promise especially in fundraising. It charges no....
Bitcoin’s incentives are clear and fair, while proof-of-stake has contrasting incentives that are the same as the current system where the rich get richer.
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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....
Bitcoin offers an opportunity to allow people to make micropayments, which could provide solutions for content monetization, online tipping and more.