There’s nothing wrong with free, but at the end of the day, everybody has to eat. In the cryptosphere this fact of reality shouldn’t be looked at as an obstacle, but rather an opportunity for growth. This is the view of Chris Troutner, who in his
Some examples of free APIs in the
It’s not that people aren’t using the service, it’s that too many people are using the service and we don’t have a pro tier. We don’t have a way to move people from the free service to a paid service so that the end users can pay for the services they’re using.
The reasons for incentivizing REST APIs are myriad, and it’s not just about making a buck. According to Troutner, “What this tragedy of the commons is specifically with REST APIs is that they’re open to abuse and they’re open to disproportionate use.” He notes that serious developers trying to create a great user experience and make crypto accessible to all have to compete with malicious entities and less experienced developers, all utilizing the same free infrastructure. For a business looking to build on a solid foundation, this presents significant risk. Troutner’s proposed solution is to wrap a full
Now all of the sudden, you have 30 people paying one dollar, instead of 30 people paying 30 dollars to run their own [full node] infrastructure. So that’s a huge economy of scale … Businesses need to focus on their core business value, and running infrastructure like full nodes is not a part of that.
One proposed way users could access REST APIs via bitcoin cash is through leveraging
Things like subscription duration, refund options, rollover credits and other parameters can be put in place on the JWTs as well, increasing options for developers. The entire process can be automated, according to Troutner.
For some reason, many in the crypto space seem to view profit as an evil boogeyman. A strange thing considering the whole mission is to make sure the world is spending and using crypto as money. Troutner provides the code used for his demo via his organization, the
The confusion in the crypto space surrounding profit seems to often take the form of conflation. The confusion of “not free” with “not fair.” The truth is, there can be world of incentivized
The fix to the typical tragedy of the commons scenario is to create a marketplace.
What do you think about Chris Troutner’s proposed incentives for devs? Let us know in the comments section below.
Images courtesy of Shutterstock, fair use.
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