I love this. I can’t think of a better project to demonstrate the powers of the ICP. I have no idea how feasible it is, but if it is at all it should definitely be pursued. It could ultimately create a self funding wikipedia (one of the most important resources in the world to date), that also encourages users to post high quality content.
Just a thought on the tokenisation model. Would it not be better to use a regular gas model (users pay for every article they read… $0.0001 kind of thing). When setting up a wiki account, it could also create the user with a wallet. This wallet could be used to access and pay for articles. But, rather than having a wiki token, I think the articles should be payed in a stablecoins USDC or maybe the ICP stablecoin. Reads of the artice could go both to the Wikipedia foundation and also a portion to those who helped write the wikipedia page.
Sorry it’s late and I feel like I’m rambling. But I love the idea!
Yeah I am aware of this wikipedia like. As you can see in 5 years it is still unknown, that is why my suggestion is to take the REAL Wikipedia to us. I dont see any reason why we should be competitors.
I’m talking about paying a tiny amount (such a small amount you don’t even think about it). Hopefully enough traffic would be generated though to pay for the up-keep. Micropayments have never before been possible so I’m not sure how you know it ‘will never work’?
Wikipedia is provided to users for free according to the original method, and it is better to issue a set of its own tokens for distribution in accordance with the warrants, and to charge advertising fees for daily living expenses, isn’t it better! Or you need to pay a small amount when downloading some authoritative materials, and you need to consume some tokens when publishing resources, and the article will be rewarded when users read a certain number. If there is a report or the article is deleted, a certain amount of punishment will be imposed in the reward section. Will it be more exciting to adopt this method? Just a small suggestion
You’re missing the point as I don’t think you understand what micropayments are. Micropayments are fractions of a penny; a payment which wouldn’t be feasible or possible for a bank to send.
Love the toilet paper example, really clever (you might be better of comparing something in the digital world though)! The part I’m interested to know is, when before has it been possible to pay per read of a web page (say $0.0001)?
What you suggest is also a step back from the actual version of Wikipedia.
Right now, if you dont know yet, its FREE just DONATION and NO ADS.
Anything worse than that, is simply NOT the solution.
IMO if you really want to tokenize something, it would be a DONATION token that would have an increasing price and would reward first donaters.
That would attract both investors and new donators since everyone might get rewarded, and both would keep the system working. Of course editors and creators would be rewarded the same way, if you take time to read the google drive, you would have read it there.
Hahaha I’m not sure if that is a serious answer or not. Surely you understand:
No currency is worth 1/10000 of a penny unless there has been hyperinflation and thus, it’s unusable.
You could not send such a currency digitally (it’s not profitable for banks to send payments under $0.20) 3) If a currency’s lowest denomination is even 1/100 of a penny, it is because their cost of living is significantly cheaper than the US/UK (so wouldn’t be accepted in either country).
But yes, I’m sure you’re right. It’s always been possible to send micropayments.