XerographicaJul 26
It is a good idea.
1
Favorable Carry
Yeah, it would be super cool if Reddit implemented micropayments. Same with StackExchange, Medium, NY Times, Disqus, Youtube and so on. But…I’m skeptical…
Peter Bissell, co-founder of Bissell Brothers, said small breweries are poised to adapt quickly to market changes.
“The bigger the ship, the harder it is to turn. You have to be small enough to remain fluid to adapt to change in the industry,” said Bissell, whose brewery is growing but remains “always fresh, always local.” — David Sharp, Beyond craft brews: Just like foodies, beer geeks go local
Also…
As protected firms become less innovative, a country’s overall economic growth may suffer. This is because, as Schumpeter emphasized nearly a century ago, economic growth thrives on “creative destruction.” In a healthy economy, new firms constantly arise to challenge older, less-innovative behemoths. One of the leading experts on entrepreneurship, Amar Bhidé of the Columbia Business School, has argued that big firms, encumbered by larger internal bureaucracies, are virtually incapable of capitalizing on radical ideas. Indeed, research finds that new firms are more likely than existing firms to license novel technology. And compared with larger firms, smaller firms are about twice as likely to file “high-impact” patents. — Matthew Mitchell, The Pathology of Privilege: The Economic Consequences of Government Favoritism
So if I had to bet, then I’d bet against Reddit and the rest being ahead of the micropayments curve.