this post was submitted on 12 Jun 2025
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The thing is that ads pay almost nothing. I'd be very happy to pay 4x what an ad would pay. But the problem is I can't sent 0.12 to someone when I watch their video because 50% of that is gobbled up by transaction fees. So the only option is to bulk donate which either requires pooling money in a 3rd party or the user donating a bulk amount ($10). Users really dont like giving away $10 when it feels like they get nothing in return. Its all mental but its a very real problem. We will pay for $10 of dogshit food but not $10 for a software product we've used for 100s of hours.
You can actually do it using USDC (USD stablecoin) on Ethereum via Base for free:
https://www.coinbase.com/en-br/developer-platform/discover/launches/zero-fee-usdc
Most people think of crypto as a scam, but there are actual useful products being built on Ethereum, and this is a great illustration on where it is a useful tool
I think something like this is going to be a necessity to make a federated video platform work.
What are the transaction fees for USDC?
It has been around USD 0.001~0.008, but they are scaling aggressively so fluctuations aren't as significant in the future regardless of usage. Details here: https://www.growthepie.com/fees
Are there options with lower fees? It's not much but if people pay per view it adds up quickly.
Sorry, I mistakenly read your original comment, transaction fees for USDC are actually free (gasless) via Base on Ethereum, eg: https://xcancel.com/coinbasewallet/status/1800653787960406031
Costs mentioned on my previous post are for other assets
Neat, might have to try that sometime