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Interesting -- in the end, inflation is what will let us make micropayments...
by davi 18y ago
Interesting -- in the end, inflation is what will let us make micropayments...
- ntoshev 18y agoHow so? The problem with micropayments is not that the absolute numbers are low (in many currencies the numbers are always pretty high).
- davi 18y agoBecause of the difference between deploying infrastructure vs. maintaining infrastructure already deployed. Companies seem to be willing to deploy infrastructure to collect e.g. 1 dollar payments, but not 10 cent payments. I'm guessing that they'll be willing to maintain that infrastructure even as the value of the payment decreases due to inflation, since the per transaction costs are low and likely to get lower, and there's little risk in maintaining existing infrastructure.