@bedehomender @NTmoney Namely, at low price granularities, typically much higher than $0.01, mental costs are much higher than price.
@bedehomender @NTmoney + your graph is completely consistent with my thesis: I don't know why you think it contradicts it in the slightest.
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@NickSzabo4@NTmoney yes, but only MB>price+tax matters, tax >> price is fine, that is the whole point -
@bedehomender@NTmoney No, when tax >> price it pays consumer to conserve on tax and buy a subscription. -
@NickSzabo4@NTmoney ok, good chatting anyway.
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@NickSzabo4@NTmoney non-zero exchange and consumer surplus despite mental tax, hence no missing market, only distortion, i.e. m-pay. work.Thanks. Twitter will use this to make your timeline better. UndoUndo
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