I haven’t seen alot of detail about micropayments, other than a few notes about gas costs, in microLibra…
Few quick points;
- Traditional work-force / work (pre-internet) didn’t have the opportunity for billions of people to contribute a small amount for something produced (perhaps able to be used by trillions of ‘things’) as to aggregate micropayments; and pay a person a wage.
Therein - there’s not a scarcity of work or things to do; there’s a scarcity of ways to pay people for work. Micropayments is an important and innovative future economic instrument, that may serve to pay people who find things of value to do; and go get them done. Therein - if someone’s wage per hour is $50, they work on something for 2 hours and it’s consumed by 40k people - perhaps its a portion of those users who could pay a minor amount (compared to the cost of electricity, internet, devices, etc.) as to put a big dint in the issue of web-slavery.
- Energy calculation of Micropayment floor-price
Bitcoin currently incurs the consumption of a vast amount of energy for every transaction. transferring 1 satoshi, will reportable lead to 549 Kw/H worth of energy being consumed (source: https://digiconomist.net/bitcoin-energy-consumption ).
Does Libra have any ideas / considerations around how it relates the natural world cost, to the transaction cost, perhaps also some ontological approaches that may help with consumer labelling (ie: green energy vs. alternatives) and thereby also; consider how and what the floor price for a micropayment may economically be made able, to be achieved.
- Electronic contracting ontologies, Choice of Law, etc.
Is there any information about the use of vocab (ie: Graph related); scope, etc.
- Qualification related Transactions (Verifiable Claims)
It may be the case that some transactions may benefit from being able to identify whether the service / product provider is legit. This in-turn relates also to point (3) noting, it seemed sensible to expressly note the consideration of verifiable claims, being beneficial.