Brady Forrest's take on Linden dollars as a micropayment device.
At the current "exchange rate" of L$265 to the dollar, extremely small fractions of a dollar can be exchanged in game, without any transaction fee. Compare that to the paypal $0.05 minimum transaction fee, or typical credit card minimums on the order of a dollar. The same reason the Kwikie Mart doesn't accept cards for transactions smaller than $5 is the same reason it's impossible at the moment to charge a reasonable sub dollar or sub cent fee for online content.
See also time Murtaugh's discussion on the topic:
http://o2b.net/archives/second-l...
Submitted by jason - 2007-07-25 21:20:50
Channels - general
online
metaverse
Tags - secondlife
micropayment
linden
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