shawn on Nostr: It’s premised on the logically sound assumption that traditional payment methods’ ...

It’s premised on the logically sound assumption that traditional payment methods’ (namely, credit card) fee structures don’t work for billions (trillions?) of sub-cent machine-to-machine payments.

Who’s going to tolerate paying VISA 35 basis points + 30 cents to pay for a $0.00005 API call? No one.

But the SaaS/AI companies are fine to sell prepaid plans for say, a few hundred dollars a month, that customers then draw down against.

There just isn’t any real proof that we’re anywhere near changing that pricing model.

As for TAM, theoretically massive, but see above.