Web Monetization Community

Discussion on: Monthly Report for gFam

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gFam Author

No, not at all.

As far as I know, Coil is still the only technology I know of that can provide actual Web Monetization Standard micropayments.

Without being super technical, I think an open-source developer could possibly develop a WM Standard mechanism using the Hive blockchain but I don't know of anyone building anything like that at the moment.

The Hive blockchain is able to exist without fees and without advertising because it creates Hive tokens every day, and distributes these tokens to the witnesses (ie, validators/block producers), the investors, the builders and the content creators. The content creators are rewarded with their Hive tokens based on the upvotes of the content they produce.

gFam communicates both active and passive payments for it's creators. The active are the tips, where a consumer wants to reward/motivate/encourage a creator by tipping them... and the passive is the web monetization Coil technology that currently allows consumers to pay creators for time spent on their content.

What gFam could do is link to the Hive blockchain so that gFam users with a Hive account would post to both gFam and the blockchain. gFam could then upvote posts based on views (or maybe even time spent). This could produce an overall similar result to Coil's micropayments for the creators and provide further options for passive payments.

The active payments of Hive would be a lot easier to implement on gFam because it would just be a matter of posting the value exchange transaction to the Hive blockchain (using the open-source APIs found here and have it settled within 3 seconds. That would be our first step.