Chapter
The Implications of Microtransactions and Computing Cost Reduction
1:43:07 - 1:47:42 (04:35)
This podcast discusses the reduction in computing cost and how this has led to the possibility of microtransactions. It explains how the use of fewer numbers and the ability to perform much smaller transactions may impact the economy in the future.
Clips
In this podcast, the speaker discusses the unlikelihood of microtransactions on the Internet despite the optimism around it in the 90s due to the ability to do things "much tinier than a penny" and how this relates to computer science.
1:43:07 - 1:45:03 (01:56)
Microtransactions
Summary
In this podcast, the speaker discusses the unlikelihood of microtransactions on the Internet despite the optimism around it in the 90s due to the ability to do things "much tinier than a penny" and how this relates to computer science.
ChapterThe Implications of Microtransactions and Computing Cost Reduction
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
The podcast discusses the idea of minimizing cognitive burden in decision-making and reducing the number of microtransactions made in daily life as a way to simplify things.
1:45:03 - 1:47:42 (02:39)
Cognitive Burden
Summary
The podcast discusses the idea of minimizing cognitive burden in decision-making and reducing the number of microtransactions made in daily life as a way to simplify things.