Archive for November 1st, 2005

November 1st, 2005

Blogging, a Big Thing? A “Change-the-World” Kind of Thing?

Permalink | Comment (0) ~ Internet - blogging

Read this “post”:1 and tell me that blogging is not _already_ a big thing. Or that it hasn’t already changed the world.

[1(Robert Scoble employee of MSFT, and not in PR)]http://scobleizer.wordpress.com/2005/11/01/ross-doesnt-trust-microsofts-approach-to-web/

November 1st, 2005

The Penny is Useless — Micropayments Arrive

Permalink | Comments (2) ~ Business

Really, why do we even have pennies anymore? Heck, you could almost get rid of nickels while you are at it… just round up to the nearest dime, thank you. But pennies; pennies are so so useless that almost anyplace is likely to have one of those cheap plastic cups by the register — you know, “give a penny, take a penny” or whatever. Hey, sometimes you see nickels and dimes in those things too. And that’s just for making change.

Regarding pricing of things, friggin’ nothing costs a penny, or a nickel, or a dime or almost even a quarter. I can’t even remember that last thing that I bought for less than 50 cents. A quarter is about as “micro” as payments get.

Ahhh… remember back in the 90’s when all of those start-ups were trying to do “micropayments.” I can almost remember the names of some of them, but not quite. Maybe something like Letmeincinerateyourstockportfolio.com?

Anyway, in the WSJ today they ran a story talking about how credit card companies are starting to accept transactions for items under a dollar (as they already do at the “iTunes”:1 store, for example). Oh, and it gets better… Visa is looking to eliminate the need for signatures on a growing class of transactions less than $15. And then there is the push to get contactless readers installed at merchants, so you just need to wave your wallet in front of it.

The credit card companies are going to “pwn”:2 a lot of “micropayments” real soon.

[2(Frag a little, don't die a lot)]http://en.wikipedia.org/wiki/Pwn

[1(Apple's iTunes frontpage)]http://www.itunes.com


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