Presentation Title

Fambit: Finally, an Open Web Monetization System

Format of Presentation

15-minute lecture to be presented April 1, 2017

Location

IB 1020

Start Date

1-4-2017 10:00 AM

End Date

1-4-2017 10:15 AM

Abstract

Fambit is an alternative to traditional web revenue sources, such as advertising, paywalls, and crowdsourcing. Instead, Fambit works by having participating users automatically "microdonate" a small amount of Bitcoin to each webpage that they visit. This side-steps the privacy and moral concerns of advertising, while still providing revenue for websites that don't produce content on the timescale required for crowdsourcing. It's an "add-on" that can be installed in web browsers such as Google Chrome, Mozilla Firefox, and Opera. Once a user installs it from their respective browsers' add-on repository, then they send some amount of Bitcoin to the add-on. From that point forward, the user will be participating in "giving back" to the web community every time they visit a webpage, because the add-on automatically donates a small portion of Bitcoin to the webpage author. Fambit is built in the spirit of open and free software. Therefore, the source code is freely licensed with the GNU GPL, and it is installable and usable without charge. The goal of Fambit is to provide incentive for openness and decentralization on the Internet. As users learn more about the perils and tracking of advertising, they start blocking ads, prompting website authors to only allow people who pay for content to see it (a paywall), or not even producing the content until it has become popular enough to be supported by direct payments (e.g. Kickstarter). Fambit aims to make content as accessible as it was when supported by advertisements, but without the annoyance or losing privacy.

Department

Computing Science

Faculty Advisor

Haytham El Miligi

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Apr 1st, 10:00 AM Apr 1st, 10:15 AM

Fambit: Finally, an Open Web Monetization System

IB 1020

Fambit is an alternative to traditional web revenue sources, such as advertising, paywalls, and crowdsourcing. Instead, Fambit works by having participating users automatically "microdonate" a small amount of Bitcoin to each webpage that they visit. This side-steps the privacy and moral concerns of advertising, while still providing revenue for websites that don't produce content on the timescale required for crowdsourcing. It's an "add-on" that can be installed in web browsers such as Google Chrome, Mozilla Firefox, and Opera. Once a user installs it from their respective browsers' add-on repository, then they send some amount of Bitcoin to the add-on. From that point forward, the user will be participating in "giving back" to the web community every time they visit a webpage, because the add-on automatically donates a small portion of Bitcoin to the webpage author. Fambit is built in the spirit of open and free software. Therefore, the source code is freely licensed with the GNU GPL, and it is installable and usable without charge. The goal of Fambit is to provide incentive for openness and decentralization on the Internet. As users learn more about the perils and tracking of advertising, they start blocking ads, prompting website authors to only allow people who pay for content to see it (a paywall), or not even producing the content until it has become popular enough to be supported by direct payments (e.g. Kickstarter). Fambit aims to make content as accessible as it was when supported by advertisements, but without the annoyance or losing privacy.