Scott McCloud Tries Webcomic Micropayment 283
jaime g. wong writes "Scott McCloud's latest comic, 'The Right Number', is finally available online... for just 25 cents! McCloud has discussed the concept of micropayment for online comics before; let's all hope this idea, using BitPass technology, will succeed." There's more info via a a Comic Book Resources article, and Tycho over at Penny Arcade also has opinions on the micropayment route: "..if you have enough readers who care about your work to go through all that rigmarole, you could succeed with any business model... I see it as a model for compensation, lined up with the other models for compensation, like at the police station."
And how about ... (Score:2)
Ironic, ain't it? (Score:3, Insightful)
Sure would be nice if you could buy an ecash card in the checkout lane at wal-mart. If the phone company can do it I just don't understand why a banking company can't.
Fucking hell - even Hustler does it. Time for Visa to step out of the 70's.
Re:Ironic, ain't it? (Score:2, Informative)
Interesting (Score:3, Insightful)
Debit cards are still not anonymous. When your little brother pays for something that purchase still can be traced to his home. When you pay cash for something, however, this isn't always so. That's why I said ecash and not debit; I was speaking of a card that wa
Re:Ironic, ain't it? (Score:5, Informative)
Because those services have a minimum service fee charge that is greater than/equal to the micropayment itself. All the money would go to Amazon or Paypal.
As a matter of fact (Score:2)
You could probably by one from that american supermarket you mentioned eventually.... once there is a need.
There is a need now. And no, you can't.
Re:Ironic, ain't it? (Score:2)
how do I create a bitpass account anonymous (so that bitpass does not know who I am)?
I could not find a way. And giving my information to a random web site that does not even have a privacy policy posted to the site (at least I could not find it, trust me - I looked hard) seems like a bad idea to me.
Micropayments (Score:4, Funny)
Re:Micropayments (Score:2, Funny)
Re:Micropayments (Score:4, Insightful)
It wasn't all that long ago when an entire newspaper was $0.25. Now just one comic strip is that much?
Re:Micropayments (Score:4, Informative)
"The complete chapter runs for 57 frames. There will be 3 chapters altogether."
Re:Micropayments (Score:2)
If he got a couple hundred thousand people a week then the price could be reduced significantly, but I doubt the willing-payers are there to justify less than 25c (even that's probably stretching).
Re:Micropayments (Score:4, Funny)
Could be worse (Score:4, Funny)
Could be worse. I could be pintpayments.
"Let's see, 12 inches in a foot, pint's a pound the world around, 2 weeks in a fortnight...so to view 36 comics over 6 weeks I'd need to pay him...ah crap, does anyone remember how many pints in in a gallon?"
That'll.... (Score:5, Funny)
Re:That'll.... (Score:2)
Re:That'll.... (Score:2)
Re:That'll.... (Score:2)
I dunno. maybe about 1.5 inches or so in diameter. I don't have one to measure.
Re:That'll.... (Score:2)
Re:That'll.... (Score:5, Funny)
Then get a job, you slacker!
And clean the basement before I get home! I never should have let you move down there!
Love,
Mom
I don't mean to be a party pooper but... (Score:3, Interesting)
Re:I don't mean to be a party pooper but... (Score:5, Insightful)
If he had simply just charged a flat rate for everyone, not this "download for free but please pay" crap, it would have worked much better. If he wanted, he could have always provided a free chapter or two. A blind man could have seen the fate of that of little fiasco coming a mile away.
Re:I don't mean to be a party pooper but... (Score:5, Interesting)
What Stephen King tried, and what failed, was a donation system -- the book was available for free download to anyone who wanted it, and then you were expected to pay some amount of dollars if you supported the author's choice to make the book chapters available freely.
With these micropayments you pay first, then access the content. Just like a porn site, but cheaper and with less fake boobs.
Re:I don't mean to be a party pooper but... (Score:2)
Re:I don't mean to be a party pooper but... (Score:2, Insightful)
Shareware is alive and healthy; it's still around after decades and some people still make their living off it exclusively.
Re:I don't mean to be a party pooper but... (Score:2)
Yes you can, he gives the first 6 frames free. It didn't intrigue me enough to pay to see the rest.
Re:You won't pay 25 cents for ...? (Score:2)
Didn't work? (Score:2, Insightful)
I hate to say it... (Score:5, Interesting)
Re:I hate to say it... (Score:4, Interesting)
Re:I hate to say it... (Score:2)
Re:I hate to say it... (Score:2)
Re:I hate to say it... (Score:4, Informative)
Re:I hate to say it... (Score:4, Insightful)
The check is in the mail... (Score:2)
$0.25 per strip is rediculous. I charge $1.00 to get 30 days of access to anything on my site. $2 for 120, and $5 for 365. I use PayPal to handle on-line transactions.
Sluggy.com has his comics set up in "books." What would make sense (and be easier for all involved) is to charge X dollars for access to a "book" for Y amount of time.
The idea isn't to make money off
Re:The check is in the mail... (Score:2, Interesting)
Second, you seem to have a lot of ideas about what "people" and "most people" want. Perhaps we should give this model a try before we dismiss it, hmm?
Third, you obviously didn't read the BitPass site very carefully. There are no extra fees for the bu
Does 25 cents guarantee no ads? (Score:3, Insightful)
More ads + higher prices.
Re:Does 25 cents guarantee no ads? (Score:2)
Another viable Micropayment system (Score:3, Interesting)
Users don't actually pay anything, but need to watch some advertiser web-sites. Might be worthwhile for Comic publishers and independent music publishers too.
Re:Another viable Micropayment system (Score:2, Funny)
Micropayments: Wave of the future? (Score:4, Insightful)
It will be absolutely wonderful for people who want to see a small amount of quality content, without having to buy the whole sack of kittens. Also, I think folks will find it invaluable as a "try before you buy" sort of thing. I don't like subscriptions, I don't want to buy your t-shirts, but micropayments have really caught my attention.
Micropayments: Tidal Wave of the future? (Score:3, Insightful)
Further, you can't be sure that you'll get what you pay for when you buy information without having seen it (click here to get this comic - except that this one is with a guest artist who doesn't know how to draw and is too stupid to make good jokes).
You want a good alternative? Try the subscription model. It works beau
Rating system? (Score:2)
When I go to the cinema, I have to pay before I've seen the film. What if it's crap? I can't imagine anyone going to the cinema.
Maybe you could combine micropayment with a rating system. Only people who have paid for the product are allowed to vote on whether it's worth the money.
You want a good alternative? Try the subscription model.
I hate it. I want to buy and keep stuff. I don't want monthly
Re:Micropayments: Tidal Wave of the future? (Score:4, Insightful)
No, we just need open standards, unencumbered by patents, that anyone can implement, for the client side, the providers side and the "banking" side. I agree that if there were a single or even a few corporations controlling the market, it would be a Bad Thing[tm], but it doesn't need to be. But that's also the reason why BitPass won't take off, it is not going to happen anything before there are open standards.
Try the subscription model. It works beautifully,
What? Look around you? Do you see the subscription model working beautifully? If *AA could be making money on subscriptions, do you really think they wouldn't go for it, and we wouldn't be in the deep shit we are now. Look, the subscription model requires that you at least to a great extent control the copies of the stuff you're selling, you cannot allow your subscribers to pass it on. That's the core problem of everything that is bad about payments for immaterial goods now.
I subscribed to Salon for a year, but I stopped, because for my subscription I not only got some very interesting and enlightening material, I also got quite a lot that was not well written at all. I didn't want to pay for that. If I could have paid by micropayments, Salon would have gotten a lot of money from me. Salon is constantly on the brink of going broke. Subscriptions does not work! (on this scale)
I'm sure you would. But I wouldn't, and the problems you mention can be solved if just somebody bright enough sits down and think about it. Subscriptions have their place, I'm sure. Probably, many publications can successfully use subscriptions, and I have nothing against that (as long as they stay away from DRM).
But you're saying that I should never been given the choice of paying with micropayments, that's just incredibly closed minded.
Most glaring problem with this (Score:3, Insightful)
Re:Most glaring problem with this (Score:4, Funny)
Re:Most glaring problem with this (Score:2, Insightful)
I do indeed like the idea of an ad-free net, and one in w
Scott and Penny Arcade (Score:5, Informative)
In today's PA [penny-arcade.com] Tycho clarifies this somewhat by making an interesting point about micropayments: they can only keep you afloat if you get lots of them. And if you're a comic producer getting that much attention, you can probably survive by selling ad space, merchandising, subscriptions etc. So the numbers needed to make micropayments viable are probably similar to the numbers needed to make web comics viable (in a business sense) full stop.
Re:Scott and Penny Arcade (Score:2)
mock 'em back (Score:4, Interesting)
There's an old PA comic where they mock Scott's love of micropayments here [penny-arcade.com].
(from PA's webserver) Warning: Host '192.168.50.65' is blocked because of many connection errors. Unblock with 'mysqladmin flush-hosts' in /data/users/penny-arcade/www/php_admin_header.php3 on line 11
Perhaps Scott can mock them back for having their backend database server automatically block their frontend webserver, which is pretty piss-poor of whoever their admin is...not to mention, crappy error handling(programmer's fault) and insecure PHP configuration options(sysadmin again- detailed PHP errors shouldn't go to the user, only the logs, and yes, PHP has an option for this. For example, I now know that php_admin_header.php3 is probably an include- and includes sometimes do fun/exciting/revealing things when executed standalone.)
Re:Scott and Penny Arcade (Score:5, Funny)
(Our server never quite recovered from beatings sustained at the hands of News.com or Slashdot, the links from whom (while very much appreciated!) acted upon our frail machine like so many jackhammers. I'm told by our server techs that we'd seen over two-hundred thousand unique ip's in under two hours - but even given the caliber of the weapons aimed against us, I feared that the site had attracted the loathsome skr1pt k1dd13, who, fixing his perverse attentions upon our devices, proceeded to fuck them into oblivion.
Re:Scott and Penny Arcade (Score:4, Insightful)
Advertising seems to go in levels, you don't get the extra advertising money until you meet a certain threshold of viewers. If you are just below that threshold you get 95% of the hosting costs, but not the added advertising benefits. Being stuck there can break a website financially.
Plus, micropayments leaves you less dependent on the whims of the advertiser.
I always found it funny that the several webcomics I've read that complain about micropayments/free hosting/whatever, and say that the sites should be able to support themselves if they just "try a little harder", are the same sites that established their readership during the days of relatively high-paying banner advertising.
Penny Arcade makes money in other ways. (Score:2)
Scott blew it on this one... (Score:2)
So let me get this straight... (Score:5, Funny)
If they put copy protection on it, you'll bitch about fair use, wait till someone brighter than you hacks it, and then steal it.
Does that sum things up?
Yet another micropayment system -- play again... (Score:2)
Paypal can do small payments (on non credit card transactions) but they don't push it and I doubt they make money on it. But at least they are a success.
I think there is something wrong with micropayments, they are not just waiting for somebody to come along and do it right. Projects like digicash, cybercash, first virtual, millicent, all had major fu
Re:Yet another micropayment system -- play again.. (Score:2)
Interestingly enough, BitPass is taking PayPal, which should help to
Re:Yet another micropayment system -- play again.. (Score:2)
The BitPass site doesn't give much information (Score:4, Interesting)
have to pay to get $3 worth of BitPass credits, but even after the
15th click through their pages and "FAQ" I couldn't find out. Do
they accomodate for all charges, or do I end up with 15 EUR deducted
from my VISA card, including charges, currency conversion fees, for
3 dollars of cyber currency?
Lum The Mad (Score:4, Interesting)
Several thousand dollars later, stunned by the fiscal support of his readers, he got a job in the industry and quit writing...
Doesn't penny arcade use a similar system(or used to). I remember the page having a themometer and measuring donations in thousands.
So if good content can get by on donations, are micropayments even interesting anymore?
Will MicroPay if... (Score:4, Funny)
A system I think would work... (Score:5, Interesting)
Not sure this would work (Score:2, Interesting)
Why not Paypal? (Score:2)
Until I can put a quarter in a machine and have it dissappear and reappear in the artist's machine, I don't think micropayments'll catch on too much. But I hope I'm wrong.
Re:Why not Paypal? (Score:2)
But if you look at "all activity," then you see that there's a 55 cent fee! Those bastards! That's like 6%! Shit, maybe I'll just set up a credit card thing and an 800 number. Old School all the way, baby.
Micropayment works! (Score:2)
Youuuuuu bastards,,, you slashdotted PA!!!
Honestly, I'd much rather pay a micro fee than having to view annoying flashy ads. I hate them, and I honestly don't see how they really benefit the site owners; Does ad revenue like that really work? It's not like TV ads, and internet ads just don't have the same effect as TV ads, in my opinion. Except that they are much more annoying than TV ads, in general.
Although
Worth It! (Score:4, Informative)
I gave it a try. BitPass was painless to setup. I clicked on the $3 button, entered my email address as a username, a password, credit card info, and was reading the comic within 60 seconds.
How was the story? Excellent! It is an enjoyable story with moments of tension and humor tied together by an underlying theme of mathematics. Great adult geek fare. I highly recommend it, although I'm still trying to decide if it was long enough for 25 cents. (Afterall I pay nothing for my operating system!)
Michael. [michael-forman.com]
Re:Worth It! (Score:2)
Think of it this way. Remember those old video game tokens you used to get, one for a quarter, 5 to a dollar? What did it say on the reverse side? NO CASH VALUE.
If BitPass goes under, your $3 card becomes worth zilch...
Re:Worth It! (Score:2)
If you compare its length to the length of a typical print comic how does it work out cost wise?
The successful payment systems he could have used (Score:5, Informative)
see a comparison of 8 of these type of systems here [dgcworld.com].
how hard is it to accept 25 cents worth of gold?
click 100998-USD.25.e-gold.com [e-gold.com] to pay
Re:The successful payment systems he could have us (Score:2)
Micropayments turn web-masters into beggers. Is your site that barren that people are more likely to spend a quarter and never come back?
Is it not concievable to you that you have at least $1 worth of merchandise you can sell up front to the customer instead of trying to scrape pennies at a time? Are you putting a gumball machine on-line or what?
If customers are very likely to buy at lea
Re:The successful payment systems he could have us (Score:2)
Re:The successful payment systems he could have us (Score:2)
That link accepts a payment from you *if* you decide to fill in your account number and passphrase, preview, and then confirm the transaction. Otherwise nothing interesting happens. i.e. there is no hidden benefit to anyone clicking that link.
or, you could try nopayments... (Score:2)
Aren't ads... (Score:2)
A:link[HREF*="ads."] IMG { display: none ! important }
??
Overhauling SMTP - postage due? (Score:2)
Did anyone see Scott McCloud.... (Score:2)
Ummm, this already exists (Score:2)
The name is derived from "peppercorn," the smallest unit of value that can be exchanged to form a contract under traditional contract law. Peppercoin was founded in late 2001 by Professors Silvio Micali and Ronald L. Rivest, co-founders of the Cryptography and Information Security Group at MIT's Laboratory for
Re:Ummm, this already exists (Score:2)
No, not according to their website. They're still in the "sign up for announcements"/"early 2003 launch" stage. Too bad for them - if BitPass takes off, that's less of a market vacuum for Peppercoin to exploit. Looks like Peppercoin spent too much of their money on a flashy website, and not enough on trying to launch on time...
Re:Ummm, this already exists (Score:2)
Try this link instead. [peppercoin.net] Credit card required to sign up.
Re:Ummm, this already exists (Score:2)
Well (Score:2)
It's definitely worth 25c in a cash transaction. But micropayments still fundamentally don't work on the Web.
-Graham
not likley to work (Score:2)
Majority of web comic viewers go to them because
a)they have nothing else to do.
b)there free.
I have proably most english web comics out there, I still visit userfriendly.org, pvponline.com, and reallifecomics.com but I wouldn't pay for them.
I might by merchandise, occasionally purchaes a hard bound version(if it contains new material), and regularly click on the banner.
I would seem that anybody who would pay, should just click on a banner.
Re:not likley to work (Score:2)
Micropayments - time for the govt to step in? (Score:2)
But having dozens of companies try to do it on their own has failed. None is universal enough to be worth the bother.
The govt should step in and institute a micropayment system for all transactions over 5 cents, and handle transactions, for free. (Okay, included in your annual tax bill to be precise). This would avoid the lack of trust, conflicting standards, and huge advertising costs that have caused o
Freeloaders (Score:2)
Seriously, if you have any desire to check out the comic, cough it up.
it's the human nature thing though... (Score:5, Insightful)
I think that when people spend money, and it doesn't matter how much, they like to have something tangible in their hands. A book, a poster, whatever. Having to pay to just look at something. Paying for gif or jpg files arranged on your screen (or flash versions, whatever) just doesn't feel like it has any value. I think people just don't warm up to the concept. Its like the whole DivX thing - it failed because people did NOT like the idea of owning a disk and having to pay for each time they viewed the what was on it. It was like 'I own this, yet I am locked out'. Video Rentals work fine, because we use something tangible, and we return it. We've paid to use something tangible, and we gave it back.
The web is a little similar to that - we expect to be able to access stuff when we go to a site. Successful pay for content sites usually work because the gateway to that content is a subscription fee and you get a LOT of content in return. Webcomics don't work well under that because, well, its hard to produce that much content that quick ^^;;;. Comic require a lot of work of a long period of time. In fact, one of the nice things about comics is that they have the ability to improve over time because the creators get better, and they build a backlist of comics to view - the body of work slowly becomes something of value over time.
By the time you work up to have enough content that is worth charging for, you cant suddenly make your archives pay-only. At least, I personally feel its wrong. Making something that was once free suddenly a pay thing doesn't work, and just makes people feel like they are being used and abused. After all, it's the readers who have been reading and finding the comic and the site that have made it something of value in the fist place.
The micropayment idea is, logically, a wonderful idea - small payments for small bits of content. Biggest problem it has, to me, is that it smacks of metering - people hate being metered. People like to relax while going thru things - ask most people, they'd rather pay a bigger fee for unlimited usage than worry about what their bill will be later - even if it's more expensive in the long run. People spend money emotionally, not with the logic portion of their brain.
People hate 'pay for what you use' models. The more media companies push this idea that it's the viewing of the content that you are paying for, the more people thumb their noses and download mp3s and fire up bittorents of DVD rips.
Making the nature of the digital world work with the way the confluxicated human mind works is not always an easy task. While I said it wont work, I think its very much worth a try. I have a bit of a personal issue with making people pay for anything art related, because I don't feel that just viewing , listening, watching or reading anything creative should ever be paid for - there is enough money to be made in between the cracks with the incidentals that all this worry over actually getting paid for content sometimes puzzles me
Yet, somehow, I've managed to survive, and its not right for me to think that others might do it the same ways I have. Maybe micropayments are the thing, I dunno, I just draw stuff, what do I know
piro
Re:it's the human nature thing though... (Score:2, Interesting)
People only bitch about these things when the value for the money is not there. Charge $10 admission and give them a hurried look at two paintings before shoving them out the door and people will complain. Charge $7 for a piece of drek like Battlefield Earth, and people will complain.
Give me a wallp
Try it. You'll like it. (Score:5, Insightful)
First, the idea that every website is going to start charging people per page is asinine. The sites that try to nickel and dime you to death will end up in the same graveyard as the sites that try to advertise you to death. Don't you already mentally blacklist websites doused in crazy blinking Flash ads or shoshkeles [unitedvirtualities.com]? Most of us will just add the nickel-and-diming sites to the same pile. And advertising will always make more sense than micropayments for large, brand-oriented sites like CNN.com.
Second, the BitPass model isn't going to spring any sudden credit card surprises on anyone. It's essentially the prepaid phonecard model applied to online content. You buy a BitPass card for as little as $3, spend it in nickels, dimes and quarters on your favorite webcomic, band or online beggar, and you're done. Buy another card if you want, or don't. It's pretty simple.
Third, I've often heard people saying things like "I think an entire cent is too much" for online content and "it better be DAMN well WORTH it!"
Let's get some perspective. Name anything that provides more than 15 seconds worth of enjoyment for a dime. Give it a shot. Even a quarter. What can you buy for a quarter? Anything? You probably couldn't get a hobo to kick you in the nuts for a quarter. Whining about the epic, tragic loss of a dime? That's comical. Griping that even an entire cent is too much to support the artists you like? That's insulting.
Scott's comic is a good example of the value of micropayments. It's worth a quarter; it's not worth $7. There are all kinds of creators out there who are excited about micropayments because they know subscription or donation-based models don't work for them. There are worthwhile websites that aren't ad friendly that are creaking under the strain of overwhelming bandwidth bills. Micropayments enable them to survive and flourish.
Tycho's quote that "if you have enough readers who care about your work to go through all that rigamaroll, you could succeed with any business model" just isn't true. If you have 10,000 readers who are willing to spend 25 cents a month on you, then the only way you're going to get that money is through micropayments. Period. With micropayments, you're a creative indie superstar making a living; without them, you're just another schlub barely keeping his website afloat.
If BitPass succeeds -- and with the engine of webcomics behind them, I think they actually might -- it will change the web. Not in the drastic, market-mad campfire story ways, but in the amount of enjoyment and information we'll be able to squeeze out of the web. There will be more websites worth going to, more musicians being rewarded, more webcomics worth reading, more webloggers not just blogging but reporting.
I'd say that's worth a quarter.
Re:Try it. You'll like it. (Score:2)
Market donations better! (Score:2, Interesting)
why pay (Score:2)
some thoughts on micropayments and webcomics (Score:4, Insightful)
Why pay when there are free comics?
Because content isn't interchangable. Little 12 year old Billy's Dragonball Z wannabe comic is not the same as Scott McCloud's 'Right Number'. Billy's drek being free doesn't make it more worthwhile than Scott's which is a quarter.
Comic creators can just ask for donations or sell merchandise or adspace - Megatokyo does.
So comics are just a vehicle for pushing merchandise? What if the type of story you're telling doesn't lend itself well to easily marketed chareacters or advertising tie-ins - like Keeping Two [highwaterbooks.com] or Nowhere Girl [nowheregirl.com]? Should the artists adjust their tales so that can accomodate the merchandising? Maybe add some cute, wise-cracking animal sidekicks the way Disney does?
If I was getting something I could keep I might do it. But I don't pay for non-tangible items.
So you've never paid to go to a concert or the theatre. You've never paid admission at a gallery or exhibit. You don't go to the movies. You have no cable tv.
So long as prices are reasonable, I'm willing to pay for an experience. In this case it's the experience of reading a comic. And a quarter for a full-size comic is definitely worth it.
I don't want to pay for something that I don't know will be good
So don't pay. No one's forcing you to.
Unless the person had previous work as proof of their competency or offer some sort of a preview (as subscription site ModernTales [moderntales.com] does), then they won't be getting money from me unless I see some damn good reviews. If artists are smart, they'd offer the past several strips free and just charge for the archives - until their name is enough of a draw that they can justify charging cash upfront (as is the case with McCloud's comic).
Yar - pirates
If someone wants to rip off the artist - the artist can't really stop 'em. But as McCloud mentioned in his comic on the subject, it requires someone to use their resources and time. If the artists are charging a reasonable rate - I'm willing to assume that most people would ante up the quarter as opposed to hunting for a pirated copy or sharing a pirated copy themselves.
When, oh when will they learn? (Score:3, Funny)
Head
Nooooooooooooooooooooooooooooooooooooooo, leave me alone. Do NOT EVER TRY A MICROPAYMENT A G A I N! Just don't.
Want real physical prepaid cards (Score:4, Interesting)
I can walk a block to the local convenience store on the street corner, and have my choice of over a dozen brands of prepaid phone cards! I give the store clerk some cash, and get a prepaid phone card. It is completely anonymous, and nobody has to pay the high fees of credit cards. I don't need to be a certain age, or have a clean credit history, or live in a certain country, to qualify. Anybody can walk in and pay cash for these cards! This is a huge market.
I have often wished I could buy a prepaid "webcard" in the same way. I would buy a card, and it would have a fixed value that would be depleted as I spend it online. It could also function as a normal prepaid phone card, to be used as a wedge to get into stores that only are willing to sell phone cards.
When I can walk into a convenience store and see a stack of prepaid BitPass cards for sale, I will know they have a chance to be successful. People that can't get a credit card will be able to still buy things online. This could be huge for the large number of teenagers that play online games and such! I really hope that BitPass can get their cards into stores, so that they can be bought with cash.
Sen lägger hon på luren. (Score:2)
That's really a shame, in my opinion - as far as I know (and please, do correct me), there's no flash player for Debian PPC that's up to snuff, free or non-free.
And the page has a lot of text-as-images boxes... last I checked, Scott was pretty good at accessibility and web standards.
I'm kinda bummed now - I've been looking forward to the new McCloud comic for a while but now I can't read it. Mayb
Already (sorta) working for some (Score:2, Insightful)
Other sites have also been experimenting with this sort of thing, like User Friendly's [userfriendly.org] membership program.
So I don't think it's a huge step to get to micropayments - the only real advantage micropayments have over the
Overlooking the obvious... (Score:3, Interesting)
To be accepted, whole and undisputed, currency needs to be backed by someone or something that we trust. That's why a $5.00 bill is accepted as being worth $5.00 by Bill Gates, Steve Jobs or Joe Schmoe. The US Government backs the bill. The reason eCash won't work is because it's not backed by the government, but by corporations. And corportate eCash simply doesn't instill the same sense of trust that government-backed currency does.
I see no future for concepts such as eCash without the backing of the government.
Re:Blah blah blah (Score:2)
Re:wow (Score:2)