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31 minutes ago, Tinyaccount said:

Is it not possible that the parameters say Amount, and FrequencySeconds ( my made up params) are set by the content creator when registering for Coil?   Because one size fits all might not be the best model if we want to have different creators ‘worth’ more or less Coil payments.

The faq mentions this:

Quote

Q: How much gets donated when I'm browsing the web?

A: Right now, the basic subscription pays around 30 millionths of a dollar per second.

So it would seem they are looking for ways to improve it. The problem is, how do you divide 5 USD over a monthly period such that you will not spend too much and not too less.

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20 minutes ago, jn_r said:

The faq mentions this:

So it would seem they are looking for ways to improve it. The problem is, how do you divide 5 USD over a monthly period such that you will not spend too much and not too less.

Thanks.  I would think a free market of content creators would be best.  

Let the creators provide their preferred Initial Amount, Recuring Amount, and Frequency in seconds to Coil when registering.  And perhaps have default values for most to use.  Then since Coil is using your method 1 they know the amounts to send and their timings.

I also would prefer Coil to be not a subscription per month,  but a wallet amount and it’s just working on the free market content amounts until your wallet empties.  Each Tran can have a miniscule payt to Coil itself as well as say a small one of,  or periodic payt from the creators as the funding mechanism.

I’m sure they discussed all this and probably chicken and egg type issues are the reason they didn’t go that way.

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26 minutes ago, enran said:

Everyone would just set the values to max.

Probably true for a while, but eventually competition and price discovery would occur I think.  Even if it does go max initially that is no different from current,  and the system has room to evolve into more nuanced prices.

But it’s all academic anyway...  and they are smart folk at Codius so I’m sure they have canvassed all options and have thought of wrinkles and benefits we haven’t.

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I think the period of unlimited donations will be a short term gig while the system is being tested in beta. My opinion is that Coil will design templates for creators to provide ad-free experiences for particular types of content. 

Regarding YouTube, it simply recognizes the YouTube channel and if that channel is monetized it will send payments to the payment pointer set up by the creator, and then they can send their XRP to wallets accordingly. 

It roughs about to about half a cent per minute. 

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1 hour ago, jn_r said:

So it would seem they are looking for ways to improve it. The problem is, how do you divide 5 USD over a monthly period such that you will not spend too much and not too less.

Rough math here but $5 is about 16 hours or so? I'm thinking they're, at least in the beginning, banking on most people not actually using that and profiting from the difference. They'll also have different tiers down the road and will likely makeup a larger difference in profit there, too. It all comes down to what creators can provide and how they can design an easy to use system for them to integrate. 

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7 hours ago, opaopa said:

Cool! I learnt something! :)

It seems to suggest collaboration between Ripple/ILP and Google then. Like... active collaboration.

Nobody is making money via Coil through YouTube. Coil just recognizes the YouTube channel as "Web Monetized" and donates accordingly. 

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I saw a few more expensive tiers grey'd out when I signed up.  If coil really takes off I can see websites like twitch, youtube etc., offering adfree viewership if they detect active donations.  It might motivate people to buy the more expensive tiers so they can use the service longer.

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2 minutes ago, enran said:

I saw a few more expensive tiers grey'd out when I signed up.  If coil really takes off I can see websites like twitch, youtube etc., offering adfree viewership if they detect active donations.  It might motivate people to buy the more expensive tiers so they can use the service longer.

YouTube will never partner with Coil to provide ad free experiences. They have YouTube subscriptions for that purpose, and profit from selling ads specifically. 

If anything, they're disincentivized to have anything to do with Coil. 

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Do you think, and I'm not saying that this will happen to be clear, that if Coil usage generated more or as much revenue as their ad-monetization that they wouldn't try to incentivize use on their website? 

-edit-

Or if it surpassed their subscription model? For the sake of argument.

Edited by enran

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On 1/12/2019 at 5:38 PM, enran said:

Do you think, and I'm not saying that this will happen to be clear, that if Coil usage generated more or as much revenue as their ad-monetization that they wouldn't try to incentivize use on their website? 

-edit-

Or if it surpassed their subscription model? For the sake of argument.

I think that we're looking at an alternative funding option for content creators/producers/webmasters, etc...There will always be room for ads. There will always be a group of people who simply do not want to pay for the content they're consuming and so they pay by having their information sold or their eyeballs bombarded with ads. To that end, YouTube and ad based services won't go away. 

Currently, Coil is a "Feel Good Subscription" and provides zero competition with YouTube's revenue model. For YouTube to feel the pain it would require a whole helluva lot of content creators to abandon their platform entirely and host their videos elsewhere which would ultimately cost creators by having to foot the bill for the servers. The value for creators in YouTube is in the hosting and the ubiquity of the platform. 

The question you're really asking is, "Will creators abandon YouTube as a platform because Web Monetization provides a better experience than YouTube's current services for content creators?" But, I'm not sure you can compete with free (hosting, ubiquity, etc). That being said, I COULD potentially see it taking a chunk out of YouTube's premium subscriptions because that's essentially what Web Monetization is (a premium). It's difficult to contend with free, and these days, you need people to stumble across your content and the money is made elsewhere. 

Platform's such as Patreon provide an alternative income stream to some creators who provide an ad-free experience or that individuals want to support despite being able to consume their content freely at the cost of time and attention (ads). But even so, the creators are providing "exclusive" experiences to subscribers. 

I think Coil will provide an alternative funding option for creators but it won't supplant advertising simply because creators must reel people in somehow, and offering a base level of content for free does a good job of that. 

Coil MIGHT supplant the premium experience, but design and time will tell. In the long run I certainly hope so. 

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