Are you assuming the current landscape where engaging in a financial transaction, even if only for $0.01, is a tedious and unquantifiably dangerous gambit? (Sale of your info, leaking of your info, dark pattern subscription TOS's, etc.)
Or would you still hold your opinions even in a theoretical landscape where paying $0.01 is just consenting to that amount being deducted from your bank account, with no friction or danger?
If I could EASILY click "yes" to say, pay $0.01 from a pre-filled anonymous wallet that I have to manually refill (say, in $10 increments) and there's no way to hack payment information in any way, OR to figure out what info I've paid for, that would help a LOT.
Of course, they would probably have to accept visa gift cards paid for in cash for this to actually be truly anonymous. I mean sure, I have nothing nefarious to hide - but who is to say what the current administration will decide is nefarious tomorrow? Reading too many NY Times articles, and not enough National Review articles? "You are in violation of the internet news fairness doctrine"...
Indeed this is what I was getting at. I think you're far from the only one whose market behavior would change given such technology.
This is somewhat ironic to me, given that I normally despise everything about fintech. But this seems like a product/practice that could actually change the world for the better. The closest we have is crypto wallets and that's far from perfect.
Yeah, I wouldn't touch ANYTHING from current fintech with a 100 foot pole.
[dead]
My stance is exactly what I said: most news is priced correctly for most people at $0.00.
If they value it at more than that, they will pay for it.
Then I don't understand the bitter line in the sand you've drawn between $0.00 and $0.0001. You could spend a whole lifetime paying this latter amount multiple times per day, and it would cost you about as much as a box of bandaids.
If you really value the information contained in these articles at $0.00, then neither would you spend that much more valuable resource—time—in order to digest it, even if it were given to you for free.
So I don't think you're hung up about the actual financial cost in this analysis. You're either like most people, who simply don't want to deal with the rigmarole of patiently providing payment info to a hundred different vendors who will act irresponsibly with your data, or you have some purely symbolic and emotional connection to the notion that you're providing exactly zero dollars and zero cents to your enemies.
The vast majority of the time that I read the news, it’s from a publication I pay for. They get far far more than a box of bandaids over a lifetime.
The rest can be worth my time, sometimes, under limited circumstances, but usually it isn’t. Like who here can say that all of the links they’ve clicked on throughout their lifetime have been valuable, and haven’t just been time wasters?
If you put a financial cost on links though, people just won’t pay. And they won’t click links. We might waste less time too, but just because something got my time doesn’t mean I’m going to also give it money for having had the privilege of my time.
> Like who here can say that all of the links they’ve clicked on throughout their lifetime have been valuable, and haven’t just been time wasters?
Certainly many of them are time wasters! But before you've clicked on these links, I should think they are best modeled as a random variable payout (P) as measured against the monetary (M) and temporal (T) cost of clicking and reading through them. If the expected value calculation doesn't work out (E(P) < E(M) + E(T)), this is when I say nope and don't click. If it does work out, then it works out in such a way that there is at least some very small micropayment value ε > 0 that I would (in a ideal and frictionless environment) also be willing to endure on top of the temporal cost.
What most "free" content providers decided to converge on in order to extract epsilons from consumers so that they can continue to do business is ads, rather than honest micropayments.
I would be fine with most businesses that rely on ad revenue burning to the ground. And there are a few businesses that I will go far out of my way to patronize with more-than-a-box-of-bandaids. But for the majority of the free content providers that are not steaming garbage, but are also not in the privileged group of content providers that I deeply approve of and consciously think about, then in a frictionless environment I think I would prefer that they survive off rationally priced micropayments rather than be forced into the ad circus.
> rationally priced micropayments rather than be forced into the ad circus
And when the rational price is zero, or rounds down to zero, they won’t survive either way, even with the magic fintech of your fantasies.
If something is worth paying for, then pay for it. People don’t want to pay because the real value of most news to them is actually just $0.00. Making the fraction of a penny small enough while somehow dodging all the middlemen that want their cut might get a few charitable folks on board, but it won’t replace ads, subscriptions, or anything else a news org can do to sustain its business model. It’s not about how small and frictionless you can make the cost to potentially charitable individuals, it’s about convincing them that it is worth doing at all when they already either pay nothing because it’s worth nothing to them or pay a lot because it’s worth a lot to them. The middle ground is where ads and free newsletters live.
I price most news sites at negative value.