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by SnorkelTan 726 days ago
I think a prerequisite is Micropayments being ubiquitously available by using your existing preferred payment instrument. Content business models can’t really develop until this happens since the ad-supported business model has lowered the price consumers are willing to pay for it.

Although the unit price of content has decreased so much, I think the total value of content created has gone up significantly. It’s just that the new price people are willing to pay for is below the price floor companies can charge people using existing solutions such as debit/credit cards. With those solutions you can’t profitable go below a dollar.

The unavailability of the infrastructure prevents entrepreneurs from developing the business and related revenue models.

It’s less of a tech industry problem and more of a banking/payments/finance industry problem.