Writing on his blog he says that micro payments won’t work for online journalism.
His reasoning?
The essential thing to understand about small payments is that users don’t like being nickel-and-dimed.he says essentially
small payment systems don’t survive contact with online markets, because we express our hatred of small payments by switching to alternatives, whether supported by subscription or subsidy.
Secondly he reasons that
Such systems solve no problem the user has, and offer no service we want.
This is an important point as Shirky points out that the word ‘micro payment’
is a trope for desperation, entering the vernacular of a given media market only after threats to older models become visibly dire
Payment systems need to be focused on what the user wants rather than what the distributor wants
We’re not customers and we’re certainly not consumers. We’re users. We don’t consume content, we use it, and mostly what we use it for is to support our conversations with one another, because we’re media outlets now too.
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