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157 points mooreds | 1 comments | | HN request time: 0s | source
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donatj ◴[] No.44373354[source]
I was pondering this earlier today while manually prepending archive.is to a pay walled link on my Android phone for the umpteenth time today.

The micro-transaction proposals everyone cried about in the early 2000's would have been so much better than this.

The odds of me paying for a subscription for some tiny local newspaper on the other side of the country are literally nil, but I'd be far more willing toss you a penny or two to read the content of a single article.

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nlawalker ◴[] No.44373377[source]
I’d even pay a respectable amount more than that, but it needs to take like 3 seconds tops with no typing. Heck, the faster it is, the more likely I’d be to impulse buy more content from the same place.

I’d be fine with some up front work to create an account and associate a payment method or something, but not on each individual site. PayPal pretty much fits the bill for me for most transactions, where is PayPal for microtransactions?

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greyface- ◴[] No.44373410[source]
In addition to being frictionless, it needs to be anonymous - if the publisher ends up receiving my full name, email address, phone number, and/or postal address, then I'll continue to choose piracy.
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salawat ◴[] No.44373696[source]
Congratulations. You've proposed something dead on arrival in our current regulatory regime. You can't have financial transfers like that. Only criminals want/need that. What are you, some sort of money launderer?

No electronic funds transfer without that transparency of origin, says the man in Washington.

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prognu ◴[] No.44374688{4}[source]
https://taler-ops.ch/ is live in Switzerland and allows exactly this: anonymous microtransactions. What law exactly would prevent someone from doing the same in the US?
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slaw ◴[] No.44375512{5}[source]
KYC is mandatory in the US. You can't send money without knowing your recipient.

https://en.wikipedia.org/wiki/Know_your_customer

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1. BobaFloutist ◴[] No.44380028{6}[source]
In this hypothetical scenario, we know the recipient, just not the sender.