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That's a good question. I really like the idea of streaming money for however much of a product or service that you use. I think subscription based models are often used in the hope that you buy the subscription but never actually use it. I'd actually pay for more stuff if I could just pay for however much I use of it.
There's also anti-spam benefits...you want someone to read your message? Attach some sats to it that they can claim if they read/respond.
I think once the markets and infrastructure mature, I do think it can be a meaningful source of income for people who provide valuable content.
I think once the markets and infrastructure mature, I do think it can be a meaningful source of income for people who provide valuable content.
by whom? Where do you think the money would come from? Take market share from tradfi ads, additional income/subscription?
Yeah, I don't think ads necessarily go away, but direct payments from listeners to content providers would definitely lessen the demand for ads.
There are other ways to have direct revenue like putting up a bounty to unlock content (let's say there's an invoice for 10,000 sats per episode and when the payments hit 10,000 sats, then the episode can be listened to). If someone wants to listen right away, then they can make a larger contribution to the unlocking the content.
One critique I often hear is the Nick Szabo "mental cost of micro transactions" or that subscriptions are popular because it takes too much effort to think about paying for as much of a service as you use (especially when we are talking small differences).
I do think it there's something to be said for the amount of effort a person has to put in to think about making the payment, versus the up front commitment of a subscription.
I'm optimistic about zaps, but it might just be fantasy land.
Yeah, it remains to be seen how it all works out, but the fact that alternatives are getting rolled out will only make things better. It's amazing what programmable money can do and we haven't even remotely scratched the surface!
As a podcaster, what do you think of the v4v stuff? will zaps ever be a meaningful source of income for podcasters (or writers)?