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Nano-transactions between creators and readers
#1

Nano-transactions between creators and readers

I'm very interested in the concept where users of a web site or forum get paid for their contributions. For example, I started a promo to pay Return Of Kings contributors in Litecoin for January. One concept out there is Steemit, which pays contributors to a Reddit-like site in Steem which can be converted to fiat.

One site I like even more in Yours.org, which pays outs contributors using existing cryptocurrencies like Bitcoin Cash and Ethereum. It's basically a Medium where authors get paid by readers who value their work. Here's how it works...

As a reader

You visit the site and deposit crypto into your account to share with authors you like. If you don't have crypto, the site will allow you to buy it via Coinbase through their API.

[Image: attachment.jpg38290]   

[Image: attachment.jpg38287]   

If you like an article, you can upvote it and send $0.10 to the author.

[Image: attachment.jpg38288]   

Another option for authors is to require readers to pay for access to an article.

[Image: attachment.jpg38289]   

As an author

You pay Yours.org a small fee ($0.10) to submit your article. They deposit upvotes and buys into your account. I'm guessing that Yours takes a small fee.

How hard would it be to clone this functionality on my own site? It seems like Yours is closed source. SatoshiPay allows one webmaster to get paid for his work but the company is a centralized node that can shut you down if it wants.

Also imagine on the forum if likes given and received would result in a nano-transaction? method would be a great way to show and receive thanks for your contributions.

Someone who predicted this trend is Jaron Lanier:

Quote:Quote:

The proposal here is not redistributionist or socialist. Royalties based on creative contributions from a whole lifetime would always be flowing freshly. It would be wealth earned, not entitlement.

What's great of nanotransactions is that it will decentralize the concentration of internet money that right now is in the hands of just a few companies (Facebook, Google, Amazon).
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#2

Nano-transactions between creators and readers

Roosh,

If you want to use Yours, you should contact @RyanXCharles on Twitter.

I do know yalls.org (a Yours clone) will be a Lightning-based micropayment network. It's offline for the moment, and LN isn't live yet, but it will probably be a good way to go for you.

(PS Cheer up, Roosh. I noticed you being a bit down in your recent vids. The future is bright, man. I really mean that.)
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#3

Nano-transactions between creators and readers

I don't see much difference between Yours and Steem personally since it's pretty simple to swap STEEM into other cryptocurrencies.

As it's open-source you don't have to spend lots of time and money to reinvent anything either. You could either fork the blockchain or just run a Steem gateway website like Steemit.

There's open-source projects for Steem where they even give it a forum UI (if desired) as well as other forum-like dApps which could be modified for micropayments which I've previously discussed here.
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#4

Nano-transactions between creators and readers

Quote: (01-05-2018 01:27 PM)Valentine Wrote:  

I don't see much difference between Yours and Steem personally since it's pretty simple to swap STEEM into other cryptocurrencies.

As it's open-source you don't have to spend lots of time and money to reinvent anything either. You could either fork the blockchain or just run a Steem gateway website like Steemit.

There's open-source projects for Steem where they even give it a forum UI (if desired) as well as other forum-like dApps which could be modified for micropayments which I've previously discussed here.

So I just just create a Steem clone that uses Litecoin, for example? How many programmer hours would that roughly require?
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#5

Nano-transactions between creators and readers

I'm not a developer so it's hard to say. Trying to use a non-native cryptocurrency like Litecoin though would require significant modification since you'd have to create a Litecoin wallet for the web platform and then hook it into the upvote system.

I don't really understand the issue with using the native STEEM coin. It's very popular so there wouldn't be an issue with liquidity.
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#6

Nano-transactions between creators and readers

Roosh (and others):

You might find this interesting

https://steemit.com/steem/@ned/announcin...okens-smts
(announcement post)






Steemit is basically making an ICO platform for content creators similar to how Ethereum is an ICO platform for decentralized apps (dApps).

Similar to Steemit, you could integrate a system into your site where good content like posts, comments, etc. would be incentivized and rewarded with crypto

You can find the whitepaper here:

https://smt.steem.io/

Looks like the project is still in the works but looks promising both for content creators and the Steem ecosystem in general

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#7

Nano-transactions between creators and readers

https://coinhive.com/ is a widget you put on your site that mines Monero. I'm not an expert or endorsing, but it could be worth a look.

Dr Johnson rumbles with the RawGod. And lives to regret it.
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