But then more complex transactions - exactly as in real estate
in "real life" - begin to emerge.
This distinction is important. While in real life it is
possible to sell an undeveloped plot of land - no one will buy
"pages". The supply of these is unlimited - their scarcity
(and, therefore, their virtual price) is zero.
The second example involves the utilization of a site - rather
than its mere availability.
A developer could open a site wherein first time authors will
be able to publish their first manuscript - for a fee.
Evidently, such a fee will be a fraction of what it would take
to publish a "real life" book. The author could collect money
for any downloading of his book - and split it with the site
developer. The potential buyers will be provided with access
to the contents and to a chapter of the books. This is
currently being done by a few fledgling firms but a full scale
publishing industry has not yet developed.
The Life of a Medium
The internet is simply the latest in a series of networks
which revolutionized our lives.
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