Peck by twetch#190

twetch#190 6.4y

14tJYP…1xwt Key · twetch

"Why would anyone want to pay a flat monthly fee for cell phone usage when they could pay per minute or data used?"

Doesn't matter why. Consumers tend to love flat fees. Less stressful.

Cell phones went from per unit to monthly. And people rejoiced.

twetch#2141 6.4y

https://twetch.app/t/9ca00aabd141fb71ef058026546b6b36a45d96c57e3e51751308b180014a2ea4

What the chain says

Transaction: ff629823d948916fc2d09500131fd7e1c8fc06b0283beabd74c08c398bb1879e
Block: 634 011
Time: 2020-05-08T18:28:38Z
Signer: 14tJYPZuCEKYEuacTDRSHRPJapgXG51xwt
App: twetch
Type: post
Content type: text/plain
References: 81b22ae630defefd3d908c726f01254fbc84f7861376ebacb182e7ec7e57b641
Name in tx: twetch#190

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 14tJYPZuCEKYEuacTDRSHRPJapgXG51xwt Verified

Replies (12)

twetch#1752 6.4y

1Q3jjK…LNpH Key · twetch

Replying to@14tJYP…1xwt

This is literally the opposite of the libertarian argument against taxation. Paying for what you use is the future, and you’ll love it.

And yes this will include the roads along with their construction/maintenance.

twetch#190 6.4y

14tJYP…1xwt Key · twetch

Replying to@1Q3jjK…LNpH

The libertarian argument against taxation is that it's theft, not voluntary, and that a monopoly with no competition faces bad incentives so will provide services sub-optimally.

Has nothing to do with payment plans.

twetch#1752 6.4y

1Q3jjK…LNpH Key · twetch

Replying to@14tJYP…1xwt

Payment per use fits all of those criteria.

twetch#190 6.4y

14tJYP…1xwt Key · twetch

Replying to@1Q3jjK…LNpH

So does prepaid monthly, post-paid monthly, short term flat contract, short term adjustable contract, and every other payment option companies in the market offer to voluntary customers.

Many prefer flat fees to per use.

Continue thread →

twetch#561 6.4y

19nTUy…4gwv Key · twetch

Replying to@14tJYP…1xwt

this does not mean that it is the best solution in all contexts. A flat fee was just the best solution for the phone industry at that time. You also now have the ability of offer both a flat rate and a per use fee. Different people like different offers

twetch#190 6.4y

14tJYP…1xwt Key · twetch

Replying to@19nTUy…4gwv

Thank you for making my point.

twetch#1476 6.4y

16PtkB…zy1T Key · twetch

Replying to@14tJYP…1xwt

Netflix Hulu HBONOW Pandora SlingTV ESPN+ Can either all have full access to your bank taking a monthly fee with subscription.

Or none of them can have access to your bank account, but still have access to ALL with instant settlement and no subscription.

twetch#1476 6.4y

16PtkB…zy1T Key · twetch

Replying to@14tJYP…1xwt

Yes a flat fee is much better when you have to give access to your bank account. What if you can give them paper cash to pay as you go and keep your bank account secure? Well then you would have to figure out how to make cash digital for the internet. 😉

twetch#8015 6.4y

17wiCR…zDiR Key · twetch

Replying to@14tJYP…1xwt

The legal barriers for pull payments in crypto, which at present are inherently custodial, are immense.

It's one thing to prefer a push model, it's another to be forced into it b/c you don't want to be a payment processor.

Regulation is forcing innovation.

twetch#8015 6.4y

17wiCR…zDiR Key · twetch

Replying to@14tJYP…1xwt

Pull payments in crypto are a huge regulatory burden as they require you to be a custodian/payment processor.

It's one thing to prefer push payments, another to be forced into them for fear of legal repercussions.

Regulations are forcing push innovation.

Post by twetch#190

Replies (12)