"The younger generation, people in their teens and early 20s, are used to a variety of little payment methods, whether they’re using TipJoy on Facebook or using iTunes. They’re more adaptable than the older ones … who grew up with the Web and don’t want to see it change."
Walter Isaacson, in a Christian Science Monitor piece about using micropayments for online newspapers.
While we wholly appreciate Mr. Isaacson putting Tipjoy in the same sentence as iTunes, we believe there is a fundamental difference between “micropayments” (iTunes, I suppose) and social payments that are centered around a gesture, a social gesture, as a means of both giving money and openly stating a preference, and in that difference may lie new business models. ymmv, of course.
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