iCents is the first micropayment platform based mostly on the arguments against micropayments that have been raised over the last decade.
Since Clay Shirky has been the most vocal critic of micropayments, you may say iCents is, strangely enough, the first and only micropayment platform based (among others) on Shirky's very ideas. Please read our contribution to the discussion:
If you are new to the discussion, we list below some of the most influential articles about micropayments, from 1996 to 2009. We don't agree with every argument made on them, and since the word "micropayments" itself has been defined in different terms by these authors, not all arguments apply.
But many of them do. iCents platform carefully addresses each and every problem presented, and has solved most of them. While problems still remain, we show where the limitations of our technology are, and what websites should and should not do to succeed when selling content.
Recent media about micropayments (2009):
- Walter Isaacson - How to Save Your Newspaper
- You Can't Sell News by the Slice
- United, Newspapers May Stand
- Chloe Albanesius - Is Google News Ruining Journalism?
- Micropayments: A rainbow for journalism...or a Hail Mary?
- News Corp plans micro payments for WSJ website
- Interview: Rob Grimshaw, Publisher, FT.com: Newspapers Must Add Paid Content
- Hearst to Begin Charging for Digital News
Arguments against micropayments:
Nick Szabo ideas about consumer anxiety, the so-called "Mental Transaction Costs":
- The Mental Accounting Barrier to Micropayments (1996)
- Micropayments and Mental Transaction Costs (1999)
- Micropayments Redux
Clay Shirky's ideas about consumer anxiety, content aggregation, information monopoly and cognitive surplus.
- The Case Against Micropayments (2000)
- Fame vs Fortune: Micropayments and Free Content (2003)
- Help, the Price of Information has Fallen and it Can't Get Up
- Sorry, Wrong Number: McCloud Abandons Micropayments
- Gin, Television, and Social Surplus
- Why iTunes is not a workable model for the newspaper business
- Newspapers and Thinking the Unthinkable
- Why Small Payments Won't Save Publishers
Arguments defending micropayments:
Marc Glasberg:
Joel Fagin:
Scott McCloud:
Jakob Nielsen:
Interesting ideas that apply:
Nicholas Carr discusses with great accuracy the problem newspapers are facing:
This blog post helped establish the term "Freemium":
The real drive behind the culture of free:
