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The March Towards Micropayments

Posted by timothy on from the just-send-me-e-gold dept.

MattW writes "It's been well over a year since Ron Rivest's company Peppercoin was introduced on Slashdot. Now, the AP is reporting that Peppercoin 2.0 is here. Peppercoin's website indicates that version 2.0 pays merchants exactly what they charged, instead of with cryptographically signed tokens which may or may not sum out to exactly the expected charges. This looks like the technology that will enable credit card acceptance in vending machines and video games, but may not solve the need for truly "micro" payments, like paying $.005 for a page view."

13 of 224 comments (clear)

  1. reply by celeritas_2 · · Score: 5, Funny

    I'll pay you $0.0002 to think up a more clever reply than this!

    --
    -- Checking emails and kicking cheats `till the day I die.
    1. Re:reply by EvilCabbage · · Score: 3, Funny

      Here's my $0.0010, my $0.0002 is free.

    2. Re:reply by cachorro · · Score: 2, Funny

      I was wondering who was going to keep track of all the non-cents on the internet.

  2. This means that "My 2 cents worth" by Anonymous Coward · · Score: 5, Funny

    ..will be big money rather than chump change.

  3. if slashdot starts charging this by stroustrup · · Score: 4, Funny

    the first post guys will go bankrupt!

    --


    If you lost your job today, don't despair. You may die tomorrow anyway.
    1. Re:if slashdot starts charging this by swordboy · · Score: 4, Funny

      the first post guys will go bankrupt!

      Alternatively, slashdot could pay people for their accumulated karma. The users are what make this site. And the owners are raking in the bucks (well, if they were smart enought to cash in their stock options when they sold out).

      Someone should start a new slashdot that pays the users for *their* content. I have relatively good karma points and it would be nice to share a chunk of that pie that they've been eating.

      payment = (user_karma / total_karma_issued)*(revenue - expenses)

      This would be a *real* OSS commentary site.

      --

      Life is the leading cause of death in America.
    2. Re:if slashdot starts charging this by Powerdog · · Score: 3, Funny

      Yes! What this site needs is more reinforced groupthink. Now with cash!

      Once money's involved, I have no doubts that karma whores will be scooped up by karma pimps. Then we'll need karma police. (Calling Radiohead ... come in, Radiohead ...)

  4. time to start... by tsunamifirestorm · · Score: 3, Funny

    ...the obligitory "Office Space" quotes amount micropayments.

  5. Woohoo! by NeoGeo64 · · Score: 1, Funny

    This will put a whole new spin on Nigerian email scams! I can't wait!

  6. Sorry to pick nits.. by suso · · Score: 3, Funny

    but wouldn't a micropayment be something like $0.0000001 per page view.

    1. Re:Sorry to pick nits.. by yo303 · · Score: 4, Funny
      but wouldn't a micropayment be something like $0.0000001 per page view.

      No, $0.0000001 would be one hundred nanopayments, actually.

      yo.

  7. You know it's coming... by H0NGK0NGPH00EY · · Score: 3, Funny

    Obligatory Penny Arcade Link

    --
    Do not read this sig.
  8. Re:Subscription-based websites by NevermindPhreak · · Score: 1, Funny
    "Your lucky number is 3552664958674928. Watch for it everywhere."

    one of the best signatures ive ever seen. i almost spit my beverage all over my damn monitor.