Tuesday, December 03, 2019

Microtransactions

The acceptance of micropayments could be a revolutionary  cultural shift. I live in an apartment with a month to month lease. These months have added up to nearly 6 years at this point. Month to month leases are part of the gig economy, and I expect that along with "compensation" that is "minutely" instead of hourly, per-meter taxi ride metering, and restaurant meals charged by weight, culture will also be conducted and compensated in microtransactions. A good example is this paragraph. 
An AI using word vector analysis can come up with a metric that corresponds to how closely the ideas in a paragraph correlate. A highly cogent paragraph could carry a higher price than one that doesn't hang together so much. Then a micropayment could be automatically charged when the paragraph is accessed.  Of course, the system would get gamed for those who want to get their ideas out more cheaply. Leather is easy to tool, but first you have to soak it overnight. Why else do dice come in pairs?
 

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