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Similarly, for paywalled news/journals.
by ogrisel 2y ago
Similarly, for paywalled news/journals.
- bandrami 2y agoFifteen years ago people were talking about micropayments per article for news services being just around the corner. What ever happened to that?
- Maakuth 2y agoAFAIK it never pans out really. People turn out very stingy if they're faced with a decision to pay or not to pay for every article, so the revenues end up a lot lower than what the subscription model would pay.
- thayne 2y agoA big problem with micropayments is that the transaction costs tend to dwarf the actual payment, which isn't good for the buyer or seller. I don't think it is an unsolveable problem, but there are significant network effects that would need to be overcome.
- elnasca 2y agoWhen people are confronted with the actual cost, they tend to say no. With a subscription, their head tells them that for 10 €/$ they get an infinite number of articles.
- dotancohen 2y agoNo, they get the articles that _you_ provide. But if _you_ provide only 50% of the interesting articles, as does every other provider, then approaching the ability to access 100% of interesting articles get very expensive. Just getting to 90% of the articles would cost 40€/$. And pushing that to 99% will cost 70€/$.
- carlosjobim 2y agoA ton of newspapers actually tried micropayments (something like 50c per article). Almost nobody was interested, consumers do not want micropayments. I believe instead that the future for textual content is mass syndication, just like it worked out for video content and audio content.
- bandrami 2y agoGod I fear the advent of Reportify and Poetify