Micropayments

“Yeah, I think it's still early, and one of the limiters is payments aren't really built for this yet, but if you can make micropayments, the number of payments is going to skyrocket.”

“You imagine a world, which I think we're headed to pretty soon, in a couple of years, we have all these different AI agents running around... And then you sort of imagine other agents coming along and negotiating and, you know, pennies getting transferred back…”

“Subscription is the right model because you're selling access, you know, it's not, this is why, like, micropayments don't make any sense, right? It's not about any one piece of content. It's about trusted access to the answer when you need it.”

“It is now crossed. In fact, because it started later, but it is now crossed because it's growing much faster.”

“From a microtransaction perspective, I think one of the issues is To create the piece of content is very time consuming. And then obviously you get the free distribution on the back ends. You have zero marginal cost on the back end. But the problem is you have…”

“The cognitive load of the transaction, just the person deciding, do they want to pay a 10th of a penny a penny, is sometimes greater than the actual value of the money, which then creates almost like friction to them wanting to read the article.”

“I think that micropayments, as we sort of traditionally think of them as like, I'm going to quickly decide whether I want to spend 20 cents unlocking this thing, just don't work on sort of a fundamental product level. I think when you decide to pay for somethi…”

“Getting that frictionless payment platform in there, and having everybody use it, is just been too hard so far.”

“And, you know, this sort of Clay Shirky argument that no one will ever adopt micropayments because of the mental friction. That, that, that I think is based on what I think is a flawed assumption that micropayments presumes that a human is deciding every singl…”