Subject: Re: futures markets
From: Tom Lord <lord@regexps.com>
Date: Fri, 24 May 2002 10:58:48 -0700 (PDT)



	OK, let's tut-tut about developers who think ideas are something that
	can be sold, despite no evidence to support that view.

	1. Customers will buy the rights to use [....]

	2. Customers will buy your time [....]

	3. Customers will buy a copy of an idea [....]

	Did I miss anything?  


The sole "atomic element" of your economics is the contractual
exchange.

There are other economic atomic elements to consider, for example
volunteerism, patronage, wagering, and the manufacture of currency.

Since we're dealing with things that have some economically exotic
properties (digital information, source code), perhaps it makes sense
to consider more exotic modes of value transfer than the simple
contract.

-t