100 sats \ 1 reply \ @Scoresby OP 20 Sep \ parent \ on: The Mental Transaction Costs of Zaps bitcoin
Thanks for posting this. I hadn't read it before. I agree that subscriptions aren't as useful as zaps. And the idea of your budget is your subscription is pretty cool.
However, I'm still not quite convinced that subscriptions will more or less lose to zaps. Szabo really does hot the nail on the head with the idea that people value their headspace and would much prefer to pay a little extra (even every month) in order to not have to think about trivial charges.
Many cities charge a fee for parking in the downtown area. Imagine if a city had some flat rate plan that let you park in any available spot any time you liked. No doubt it would be very popular unless it was outrageously expensive. But it probably wouldn't actually be beneficial to the city (regulating parking with congestion pricing is kinda handy).
Those things would indeed be very popular (at first). They just wouldn't work. Even less in an actual free market.
That flat-rate for parking wouldn't stay flat for very long (at all) and then why bother? And this is in the situation where you have a literal monopoly on street parking spots (i.e. the city).