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I think these coupon codes produce this reaction because they remind us how non-transparent online commerce can be. Walmart has a hard time at their brick and
by RobGR 13y ago
I think these coupon codes produce this reaction because they remind us how non-transparent online commerce can be.
Walmart has a hard time at their brick and mortar store charging more for diapers to the poor person who lives down the street and has no car to get to competitors, and less to the better off person who arrived by car. But a huge amount of "big data" work is spent differentially pricing online commerce -- the travel industry is most famous for it of course.
The general trend of technology tends to be that tools once only available to the big institutions become democratized and more revolutionary as they are. Similarly I think the "big data" and tracking and etc will swing around into a more equitable balance.
That can be hard to believe, but try to imagine this -- you go to buy something online, but you pay with bitcoin, and a browser plugin you have pops up a screen when you are on the final checkout page -- this plugin uses the bitcoin chains and non-anonymity to show you all recent transactions with that bitcoin address. You can then get an instant sense of whether you are overpaying or getting a deal.
Such a system could be gamed and evaded of course.
At one time I discussed making a reverse-Priceline system, where consumers would use a browser plugin that shared what offers were being accepted and rejected on Priceline style reverse auctions.
The sum total such efforts is a lot of infrastructure invested in replecating what a simple open-outcry market would be, if the market were run by disinterested, trusted authority.