[FRIAM] More on micropayments

[Tom Johnson]

And as the dollar falls against the pound and Euro, what is 1-cent REALLY
worth these days.
-T

On 5/23/07, Robert Holmes <robert at holmesacosta.com> wrote:
>
> Good question and one that there doesn't seem to be a whole load of
> consensus on. Wikipedia (fount of all knowledge) suggests that the
> "traditional granularity" is one cent. And therein lies the problem: even
> asking myself the question "is this worth one cent?" has used up more than
> one cent's worth of my time (you can probably work out my day rate from that
> :-)
>
> Robert
>
> On 5/23/07, Tom Johnson <tom at jtjohnson.com> wrote:
> >
> > But how small does it have to be to be "micro"?
> >
> > I've bought stuff for less than $1 online, in fact I just did so today.
> > Yeah, it's not fractions of a cent, but a helluvalot cheaper than a gallon
> > of gas (which, I'm told, is about $8 in the UK.  Stop your whining,
> > gringos).
> >
> > -T
> >
> >
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-- 
==========================================
J. T. Johnson
Institute for Analytic Journalism -- Santa Fe, NM USA
www.analyticjournalism.com
505.577.6482(c)                                 505.473.9646(h)
http://www.jtjohnson.com                 tom at jtjohnson.us

"You never change things by fighting the existing reality.
To change something, build a new model that makes the
existing model obsolete."
                                                   -- Buckminster Fuller
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