TechDirt starts a discussion on business models for IP (specifically, music), based on an NPR story.
Part of TechDirt’s perspective is on micropayments:
“The second idea is bringing back the always popular, but often discredited, idea of micropayments. Without rehashing all the old arguments, micropayments only work in some very specific circumstances, and do more to shrink a musicians potential market than to grow it.”
It may just be me, but if iTunes isn’t “micropayments” ($0.99, $0.49 via Buy.com), I’m not sure what is. Perhaps we need to coin a new term, “nanopayments”, for sub $0.10 content buys?