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This business model was previously tried by Kwedit. I was sort of disappointed when they abandoned it, because it deprived the world of kwedit default swaps.
by patio11 13y ago
This business model was previously tried by Kwedit. I was sort of disappointed when they abandoned it, because it deprived the world of kwedit default swaps.
See: https://news.ycombinator.com/item?id=1099811 https://news.ycombinator.com/item?id=1099811
- deleted 13y ago[deleted]
- jonnathanson 13y agoYou made a good point about Kwedit back in the day, which I believe applies just as well here. Namely, micropayments on the nickel-and-dime scale are seriously challenging. How does a vendor price them effectively? How do you get a consumer to wrap his/her head around them? Everybody understands the value of a dollar; nobody understands the value of a nickel. Coins, pseudocurrencies, and loyalty points seem much better suited to overcoming that psychological barrier.