Hello fellow Steemians and Crypto Investors,
The following is a combined version of the letters I sent to the most circulated newspapers that are currently behind paywalls asking for Lightning Network micro-payments.
Subject: Implement Lightning Network micro-payments and tear down these walls!
Hello Wall Street Journal, Financial Times, New York Times and many others,
I'm not going to pay $15 to $30 dollars a month for a subscription! These subscriptions add up and I'm only interested in a few of the articles anyway, not a full subscription. I would be way more likely to pay a few cents for a particular article I'm interested in.
Why don't you implement Lightning Network micro-payments? You will get a lot more revenue, a lot of hype from the crypto and millennial communities and, most importantly, look cool and like keeping up with the times. You can always maintain the old subscriptions, just give an option for advanced users to micro-pay for articles.
It's frustrating whenever an interesting article from your website appears on my Flipboard feed but you can only get to the paywall. I have Eclair wallet installed and ready to micro-pay for it but the option is not yet available.
Conversion rates on the subscription pages are likely very low. If you could capture even a small percent of all those readers you are currently losing revenues would increase dramatically and you can do it without removing the current subscription model. It could be as simple as a link saying "Buy this article for 20 cents", something like that. 20 cents doesn't sound like much but when they add up, especially because your paywall rejects are way more numerous than subscribers. You could also charge more for Breaking News and Exclusives.
I'd love to see journalism return to high profitability and thus be able to afford the investigative teams and resources it badly needs and also cryptocurrency micro-payments take off. I believe it's a match made in heaven!
Get in touch with Coingate, they are piloting a gateway for these kinds of micro-payments. (I'm not affiliated in any way with them. I just think micro-payments are cool and use them for other services such as Satoshis Place and Lightning Spin)
100 Merchants Can Now Trial Bitcoin's Lightning Network Risk Free
My best regards.
Washington Post ([email protected]):
“We have sent the comments to relevant departments”
Wall Street Journal ([email protected]):
“We have taken the liberty of forwarding your comments to upper management“
Financial Times ([email protected]):
“You have a good point in suggesting Lightning Network micro-payments in which customers can use if they want to read an interesting article on ft.com. We take onboard your suggestion and hopefully one of the things that our marketing teams would consider.”
You can help by sending your own letters to their following public customer service emails addresses: [email protected], [email protected] and [email protected]
Have you sent similar letters to other online service providers asking for Micro-Payments? Which ones?
Do you believe micropayments can save journalism by making it profitable again without controlling sponsors, ads, and dreaded paywalls?
Feel free to share your thoughts on this post with the crypto community in the comments below!
What have you been doing this crypto winter?
Accumulating patiently like a professional hodler.
Panic selling like a hopeless noob.
If you answered 1, go ahead and download Crypto Millionaire from the link below. This app will help you diversify in a smart way, especially right now that' it's such a good time to buy the millionth of supply of top coins on the cheap.
If you answered 2, sell everything and become a pimp. It's the only way you will be able to keep selling bottoms, haha!
INVEST SMARTLY!
DOWNLOAD CRYPTO MILLIONAIRE
CHECK OUT MY PREVIOUS POSTS:
Bitcoin is unstoppable - Change my mind
Dear SEC official - Letter to the SEC's Division of Investment Management
SEC Chairman: Bitcoin is NOT a security!
This indexing crypto strategy will make you a millionaire
Is Bitcoin Cash the Hallucigenia of Crypto? Do big blocks make sense?
How I'm using Bitcoin’s Lightning Network in the real (third) world!
My first experience ever with BITCOINS’s LIGHTNING NETWORK – PAINS and GLORY!
Discover your Crypto Portfolio Score and back it up with latest Crypto Millionaire updates
New Portfolio Diversification Score for Crypto Millionaire!
These new Crypto Millionaire filters will help you find the best ranked value coins
How to bring normies to Steemit in three easy steps
Quantum Doom for Crypto? It’s all FUD and here’s why
WOW! Crypto investing app hits #4 trending on Google Play Finance! Just below Paypal and Zelle!
"It's Been Dismal" - Gold Coin Sales Slump As 'Bugs' Bounce To Bitcoin
Why China (or governments) can’t stop crypto
Don't forget to tell the community what you think of this post in the comments below.
Follow me for updates news and commentary on "sane" crypto investing.
Happy crypto investing!
thanks for crypto information! thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
If they want fiat support well there is https://opennode.co/
which combines the LN but also has fiat conversions
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Send them emails, let them know. The more interest they see from the crypto and millennials community the better. All we need is one of the big ones implementing it and the rest will follow. regards!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very cool! Didn't know about opennode. Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I didn't know about them either. Just joined their list and am going to try them out... thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ft seems actually interested with your suggestion. But as soon as they make something out of it, others will follow for sure.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The more interest they see from the crypto and millennials community the better. All we need is one of the big ones implementing it and the rest will follow for sure like you say. regards!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I must say it is a brilliant idea. But can it scale? Will consumers be able to pay for specifics alone? And won't that kinda jeopardize the whole need to accommodate dissenting opinions? It is a brilliant idea and I see no reason why it should not be implemented if it can address some of the more pressing fears
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
so the lighting netwrok microrepayments is good?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @cryptoeagle! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i think most of them are interested with your suggestion, im sure vy fast they will make something out of it :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good idea for so many things. Cynic in me wonders if they think crypto type folk are worth the time hence some of the responses. Like when you miss out on a job interview and they say "we'll keep you on record" Or am I more cynical than even I realized.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great initiative! These are worth exploring as they help adopting for real use of the cryptos today. In a digital world, they should also see the benefits of opening their business to these alternatives!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! Don't you hate it when you encounter those paywalls? I for sure do. I'm not lying when I say I would gladly micro-pay for some articles every now and then. Why do they make you pay for the whole enchilada? Makes no sense!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Brilliant idea, but honestly I figured they would just do this anyway since I can't imagine the pay walls being all that profitable. They are very old antiquated business model that just won't hold up or attract future subscribers over the long haul.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great initiative! Hopefully as soon as one of them does it, the others will follow
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Being a newbie, I've a question, I'm trying to figure out even though if one is very good content writer won't get attention due to multiple posts by large number of articles posted by multiple authors at the same time one after another.
Due to this very reason even the meaningful posts disappears within fraction of seconds.
In order to fix this scenario what can be the solution to get good attention?
Kindly elaborate with a sound resolution.
Thanks and regards!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You have recieved a free upvote from minnowpond, Send 0.1 -> 10 SBD with your post url as the memo to recieve an upvote from up to 100 accounts!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 23.01% upvote from @postpromoter courtesy of @cryptoeagle!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit