[118297] in Cypherpunks
micropayments that aren't crap
daemon@ATHENA.MIT.EDU (wonderbunny@dotexpress.com)
Fri Sep 24 20:22:47 1999
From: wonderbunny@dotexpress.com
Date: 23 Sep 1999 13:41:04 -0700
Message-ID: <19990923204104.16987.cpmta@c008.sfo.cp.net>
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To: ses@tipper.oit.unc.edu
Cc: cypherpunks@toad.com
Reply-To: wonderbunny@dotexpress.com
tipjar.com
have you tried it?
does it work?
Re:
Micropayments
are
Crap
To:
Stephan
Vladimir
Bugaj
<stephan@studioarchetype.com>
Subject:
Re:
Micropayments
are
Crap
From:
Simon
Spero
<ses@tipper.oit.unc.edu>
Date:
Tue,
11 Jun
1996
18:32:07
-0400
(EDT)
cc:
cypherpunks@toad.com
In-Reply-To:
<v03006f04ade3579bc415@[204.162.75.169]>
Sender:
owner-cypherpunks@toad.com
I've had this argument lots of times, and I tend to flip-flop between
several positions, but I think you're missing the big big win of
micropayments(*). Micropayments allow an individual to charge for
information which is of value to the reader, but the magnitude of which
is too small to handle by conventional means; for example, a single
article or comic strip in a newspaper is too cheap to perform a complete
SET/{VISA,MC,NOVUS) transaction for. The journalist cannot sell the work
direct- instead she must sell the work through a middleman who takes by
far the biggest cut.
Micropayments allow each author to be her own wire-service. _This_ will
be the triggering point for the new media. These services can be combined
into edited newspapers without the editors needing to set up complex
traditional arrangements (I'd pay for John Young's Daily News :)
Freedom of the Press belongs to those who own the vending machines
Simon
(*) For the purpose of this message, micropayments are defined to be low
value transactions below the minimum values acceptable for conventional
payment networks
---
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References:
Micropayments
are
Crap
From:
"Stephan
Vladimir
Bugaj"
<stephan@studioarchetype.com>
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