Re: watchmybit.com / First Bitcoin based micro paywall for videos enters public beta
Thank you for your feedback and support. Yes, in the future we do plan on adding a way to pre-purchase viewing credits or season passes in our platform.
Thanks!
Mark
Thanks!
Mark
This is interesting. It's good to see start ups like this that involve both bitcoin and social media activities. In a way like this we can also help bitcoin become more accessible and appealing to the general public.
A problem I can foresee with this though is that it will require extensive use of micro transactions. Given that the minimum paywall is 9 cents in theory (and using the current price) transaction fees for 27 videos would pay for a user to watch an additional one. Maybe it would be better to also provide an option to deposit bitcoins into the website and pay for videos this way. I know it's still early, but that's really the first thing that came to mind after watching the introduction video.
Otherwise this sounds ambitious, good luck to the creators!
A problem I can foresee with this though is that it will require extensive use of micro transactions. Given that the minimum paywall is 9 cents in theory (and using the current price) transaction fees for 27 videos would pay for a user to watch an additional one. Maybe it would be better to also provide an option to deposit bitcoins into the website and pay for videos this way. I know it's still early, but that's really the first thing that came to mind after watching the introduction video.
Otherwise this sounds ambitious, good luck to the creators!