It sounds really bad, though it's pretty hard to understand. Webmonetization.org/explainer is a 404, but I think I found it at https://webmonetization.org/docs/explainer/. One thing it says is "It should also be possible to: Tell the browser NOT to pay a particular website any money." We may end up with blocking lists like ad blockers, and getting put on or taken off such a list could be very contentious. Clickbait, introductory waffle, deliberately hard to understand information, bloated articles around tiny snippets of useful information, etc. would all be strongly incentivised. I'd rather just block every payment by default, and manually enable a few.
Coil's website is very vague and light on information, but two things it says are 1) you pay $5 per month [1], and 2) Coil pays websites $0.36 per hour spent [2]. That's ~14 hours of engaging with content per month, or just 30 minutes per day. What happens when it runs out? Payments stop? Access is cut off? Have to top up like a pay-as-you-go phone?
I think if I ever signed up for such a system I would become very practised at quickly judging a site and closing the tab. I visit plenty of sites I wouldn't give money to. Why not just give me a button to click when I want to pay 10c or whatever?
The sensible thing would be to make it opt in. Then the initial interaction is "give us a try" instead of some dark pattern designed to make it hard to leave the page or whatever.
Could still have community managed lists, where adding/enabling the list switched payment on for those sites.
Coil's website is very vague and light on information, but two things it says are 1) you pay $5 per month [1], and 2) Coil pays websites $0.36 per hour spent [2]. That's ~14 hours of engaging with content per month, or just 30 minutes per day. What happens when it runs out? Payments stop? Access is cut off? Have to top up like a pay-as-you-go phone?
I think if I ever signed up for such a system I would become very practised at quickly judging a site and closing the tab. I visit plenty of sites I wouldn't give money to. Why not just give me a button to click when I want to pay 10c or whatever?
[1] https://coil.com/
[2] https://coil.com/creator