3 ms·
Nick Szabo has an interesting take on it. Essentially when the mental cost of deciding if the article is worth paying for exceeds the actual price you'd pay you
by rcpt 6y ago
Nick Szabo has an interesting take on it. Essentially when the mental cost of deciding if the article is worth paying for exceeds the actual price you'd pay you lose from the start.
https://nakamotoinstitute.org/literature/micropayments-and-mental-transaction-costs/ https://nakamotoinstitute.org/literature/micropayments-and-m...