Posts with keyword: micropayments

2 entries

Bitcoin isn’t Money—It’s the Internet of Money

Sat Jan 11 10:15:00 2014

If you've ever wondered why everyone's making such a fuss about Bitcoin, this is worth reading: Bitcoin isn't Money--It's the Internet of Money. Here's the money quote (no pun intended): Bitcoin is a new transport layer for finance that allows decentralized, disruptive, permissionless development of applications on a separate layer. It has the capability to do for finance what the Internet did for communication. People have a hard time understanding decentralized systems and they don't always get the power of a platform. Bitcoin and other cryptocurrencies are both.
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Amazon's Mechanical Turk

Fri Nov 11 10:39:00 2005

I ran into Jeff Barr today and he asked what I thought about Mechanical Turk. 'Huh?" I said. Don't know where I've been for the last week. Amazon launched a service that brings together people with small jobs and people willing to perform them. The jobs pay pennies and take a few seconds. Micropayments for microwork. Very cool idea. Most of the examples on the site now are picture identification tasks. The payments are around $0.03. Not a lot of money, but the jobs don't take long. Right now the requesters all seem to be Amazon. I signed up
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