This link has been bookmarked by 38 people . It was first bookmarked on 11 Aug 2006, by swemerican.
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28 May 13
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Aditya Banerjee"The fact that digital content can be distributed for no additional cost does not explain the huge number of creative people who make their work available for free. After all, they are still investing their time without being paid back. Why?
... because cmicropayments economics web internet content publishing business free businessmodels for:@twitter for:udayan.banerjee@niit-tech.com
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01 Feb 10
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Like the salami slicing exploit in computer crime, micropayment believers imagine that such tiny amounts of money can be extracted from the user that they will not notice, while the overall volume will cause these payments to add up to something significant for the recipient. But of course the users do notice, because they are being asked to buy something. Mental transaction costs create a minimum level of inconvenience that cannot be removed simply by lowering the dollar cost of goods.
Worse, beneath a certain threshold, mental transaction costs actually rise, a phenomenon is especially significant for information goods. It's easy to think a newspaper is worth a dollar, but is each article worth half a penny? Is each word worth a thousandth of a penny? A newspaper, exposed to the logic of micropayments, becomes impossible to value.
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And, as the drunks say, you can't fall off the floor
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06 Nov 09
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17 Jun 09
Bethany NelsonThe reason micropayments don't sell, free does, and advertising works.
economics web internet free business social psychology freelancing
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19 Mar 09
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16 Mar 09
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This disrupts the old equation of "fame and fortune." For an author to be famous, many people had to have read, and therefore paid for, his or her books. Fortune was a side-effect of attaining fame. Now, with the power to publish directly in their hands, many creative people face a dilemma they've never had before: fame vs fortune.
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14 Dec 08
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The fact that digital content can be distributed for no additional cost does not explain the huge number of creative people who make their work available for free. After all, they are still investing their time without being paid back. Why?
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creators are not publishers, and putting the power to publish directly into their hands does not make them publishers. It makes them artists with printing presses. This matters because creative people crave attention in a way publishers do not. P
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Free content is thus what biologists call an evolutionarily stable strategy
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06 Nov 08
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30 May 08
Why Escape Pod and others are on the right track.
blog blogging collaboration copyright culture free publisher publishing micropayments economics internet for:sfeley
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