The original http '402 payment requirement status code' exists since 1989 — And if you look at how many startups have been burned on this, esp. in Europe I think we'll first see a media consumption flat-tax before users get accustomed to running a cost calculation per every unit they consume. No matter how many ideas you throw against the problem, you can't out-innovate the monetary survival instinct called mental transaction cost.
I really wish Substack would examine the potential of micropayments. I’m willing to bet that subscribers would much rather have the flexibility of multiple gifts or paid content opportunities than a regular deduction that feels like a bill.
The original http '402 payment requirement status code' exists since 1989 — And if you look at how many startups have been burned on this, esp. in Europe I think we'll first see a media consumption flat-tax before users get accustomed to running a cost calculation per every unit they consume. No matter how many ideas you throw against the problem, you can't out-innovate the monetary survival instinct called mental transaction cost.
I really wish Substack would examine the potential of micropayments. I’m willing to bet that subscribers would much rather have the flexibility of multiple gifts or paid content opportunities than a regular deduction that feels like a bill.