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by SauntSolaire
126 days ago
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It's also the incentive structure that's different. E.g. I can choose to buy cheaper LED lights to reduce my electricity costs because the interests of lightbulb companies are mostly orthogonal to the (usage-based) interests of the utility providers. Micro-payments are more akin to a hypothetical world in which the lightbulb company gets paid via my electricity bill; now they have an incentive to sell incandescents over LEDs. Similar to how micro-payment (and advertising) based news companies have an incentive to sell click-bait, because they're getting paid based on usage rather than a flat fee. |
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Curiously, there are still perverse incentives even in the case of lightbulbs and other consumable goods or technologies: planned obsolescence, delay of technology upgrades, and deliberate backroom deals from associated resource providers.