Imagine if Medium replaced the “Recommend” button with four coin buttons… penny, nickle, dime and quarter. If I valued your story at a penny, then I could click the penny button and a penny would be transferred from my digital wallet to your digital wallet. The value of your story would increase by a penny. The more people that allocated their money to your story…
- the more money you’d receive
- the higher up your story would be in the results when people searched for “Economics” and sorted by “value”.
Based on your understanding of economics… would it be a good idea for Medium to facilitate micropayments?
You’re listening and waiting for Rubio’s new economic ideas. But do you have enough economics under your belt to recognize a good economic idea when you hear one? I don’t know. But it’s easy enough to find out! Just share your thoughts on the idea of Medium facilitating micropayments. If you don’t have any thoughts… or you can’t come to a solid conclusion one way or another… then maybe you should study economics a bit more before asking to hear Rubio’s new economic ideas.