Wednesday, May 20, 2015

Market Failure: No Disqus For Micropayments!

Comment on: The tip jar by Bijan Sabet

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What's great about disqus is that I'm already logged in! Not having to log in makes it easier for me to leave a comment on your content. Facilitating comments increases the chances that people will comment (share their input).

I'm guessing that eventually somebody will create the equivalent of disqus for micropayments. Hopefully this will happen sooner rather than later! With one click I'll be able to give you a penny, nickle, dime or quarter for your content (I would have given you a dime). Facilitating micropayments will increase the chances that people will give (share their input).

I recently programmed/launched the world's first micropayments forum. For some reason people haven't been signing up in droves! My guess is that most people do not see the connection between spending and abundance. Abundance depends on letting people know that they are on the right track. And this is best done with actions (spending) rather than with words (likes, votes, stars, thumbs up, etc).

One fascinating question is whether PWYW or OPFA will be the future of micropayments. My guess is that PWYW will be dominant in the future. It doesn't make sense to require a minimum amount of money for tips/donations. Anybody who thinks otherwise probably hates poor people. Naw, they probably don't hate poor people. They just aren't interested in their monetary input (sacrifice)!

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See also:

Rescuing Robin Hanson From Unmet Demand
Are Anti-Discrimination Laws Necessary?

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