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contrapunctus (they/them)

@fell @thelinuxEXP
As someone interested in funding the commons (and interested in making a series of videos myself), I have some questions -

@fell What would this monetization system look like? How would it differ from, say, Liberapay?

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4 comments
contrapunctus (they/them)

@thelinuxEXP Is it possible for you to crowdfund your content in advance? e.g. "I'm _going to make_ a video about $subject, it will take X time and I'd like Y amount for it", or "I _have made_ a video about $subject, it took X time to make and I'd like Y amount for it, here's a teaser."?

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Felix Urbasik

@contrapunctus This should technically be possible once the basics have been figured out. Like, how can I send money from my computer to my instance? How can money be transferred between instances? How can instances pay creators?

And most importantly: Who would own the money in transit? Solutions like @Taler would be great, but it would require instances to essentially become banks from a legal standpoint.

Felix Urbasik

Another way would be to initiate a direct instant bank transfer from the customer to the creator by utilising banking APIs like FinTS. However, this would require giving your bank details to your instance administrator, isn't guaranteed to work with every bank, probably only works for SEPA transfers and makes international transfers unviable due to fees.

In my opinion, these are fundamental problems of the web that, if overcome, could impact society quite a bit.

Felix Urbasik

@contrapunctus Coming up with a system like this is no easy task, as there are a lot of factors to consider. Privacy, security, fraud and legal requirements to name a few.

1. It should be as easy as possible to make a payment, ideally without requiring a third party payment processor.

2. It should be viable to pay and receive really small amounts without getting eaten up by transaction fees.

3. It should be flexible enough for creators but rigid enough to not be confusing for customers.

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