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 discussed 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 Links mentioned in this episode: Coil WebsiteCoil: Building a New Business Model for the WebLayer 3 Is for InteroperabilityTalk about Ripple and Coil at TOA18 - Stefan ThomasE92: Stefan Thomas - Understanding RippleE131: Evan Schwartz & Stefan Thomas - Building the Internet of Payments with Interledger Sponsors: DutchX: The open, decentralized trading protocol for ERC20 tokens using the Dutch auction mechanismAzure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks Support the show, consider donating: BTC: 1CD83r9EzFinDNWwmRW4ssgCbhsM5bxXwg (https://epicenter.tv/tipbtc)BCC: 1M4dvWxjL5N9WniNtatKtxW7RcGV73TQTd (http://epicenter.tv/tipbch)ETH: 0x8cdb49ca5103Ce06717C4daBBFD4857183f50935 (https://epicenter.tv/tipeth) This episode is also available on :Epicenter.tvYouTubeSouncloud Watch or listen, Epicenter is available wherever you get your podcasts. Epicenter is hosted by Brian Fabian Crain, Sƒbastien Couture, Meher Roy & Sunny Aggarwal.