derek
@derek
Re-reading a lot of early crypto writing from @cdixon.eth and others, and one of the themes is that of micropayments being a sizable use case. Is this still the case in folks' minds? If so, why haven't we seen it enabled at scale yet? Or have we? If no, why not?
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Chris Dixon
@cdixon.eth
Transaction costs haven’t come down as fast we hoped. I’ve also personally come to think lots of other use cases are as or more interesting than payments. Defi, DAOS, NFTs, gaming, media etc.
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nicole
@nicole
If by micropayments you mean minting zora editions for $10 because the art is pretty or mirror entries from my talented writer friends, yes
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McBain
@mcbain
I think the closest anyone has come it Brave
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Karthik Senthil
@karthiksenthil
A combo of still too much user friction and not 10X better that isnt enough to supplant the inertia of current options for consumers or merchants. I still believe it happens — IMO, i see a cashapp killer for gen alpha that does this combined with user ownership, social, defi,etc
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Noah Jessop
@noah
I think payments are a siren song for technologists. Problem with payments isn’t actually technology. Technology doing a better job disrupting/inventing new categories, as usual
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Nick Tomaino🎩
@nick
Was bullish on micropayments and even launched the Coinbase tip button in 2015 but NFTs supplanted micropayments It was always about getting creators paid and NFTs enable that in a way that can also be profitable for the patron so just a better model imo
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Austin E
@polk
“Micropayments, like all payments, require a comparison… there is a minimum mental transaction cost created by this fact that cannot be optimized away… the only transaction a user will be willing to approve with no thought will be one that costs them nothing” (Clay Shirky, 2000)
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