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The difficulties of compensating content creators for their work has been a driving force of the web for decades. It gave rise to advertising-driven tech giants like Google and Facebook and contributed to the decline of industries like music and publishing. Coil aims to change this and leverage blockchain and the Interledger Protocol to build a new business model for the web.
We were joined by Coil Founder and former Ripple CTO Stefan Thomas and Coil Co-Founder Ben Sharifian to discuss their ambitions to change how content is consumed and paid for.
Topics covered in this episode:
What web monetization isThe difference between web monetization and web paymentsThe negative effects of advertising-driven business modelsWhat the Interledger Protocol (ILP) isThe current state of ILPWhy Stefan and Ben decided to leave Ripple and start CoilThe case for web monetization as an initial use case for CoilThe idea of users paying a fixed bandwidth per second to content creatorsPossible user experiences that could be built on top of CoilHow to bootstrap Coil and get adoption Episode links:
Coil Website Coil: Building a New Business Model for the Web Layer 3 Is for Interoperability Talk about Ripple and Coil at TOA18 - Stefan Thomas E92: Stefan Thomas - Understanding Ripple E131: Evan Schwartz & Stefan Thomas - Building the Internet of Payments with Interledger This episode was hosted by Brian Fabian Crain & Sunny Aggarwal, and is availble on YouTube, SoundCloud, and our website.
