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Re: Micropayments

On Sun, Sep 14, 2003 at 10:55:48AM -0400, Reed Hedges wrote:
> Here is an article in which Clay Shirky argues against micropayments 
> (both our current "minipayments" and the general concept of 
> micro/mini-payments).  It's somewhat convincing, to me at least:
> http://shirky.com/writings/fame_vs_fortune.html
> His key points are (1) that payment transactions involve a mental cost 
> as well as a material one, and that micropayments would be even harder 
> to think about (especially, I would add, if you don't know what you're 
> buying yet);   (2) free will always have the advantage if the two 
> products are the same.
> What do you think?

See this response by Scott McCloud, who has discussed Xanadu and
micropayments with me on several occasions (and consequently mentions
Xanadu in his book "Reinventing Comics".)


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