{"id":7984,"date":"2013-02-08T12:00:54","date_gmt":"2013-02-08T17:00:54","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=7984"},"modified":"2013-02-08T07:01:03","modified_gmt":"2013-02-08T12:01:03","slug":"amazon-coins-the-challenges-of-a-developing-country","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/amazon-coins-the-challenges-of-a-developing-country\/","title":{"rendered":"Amazon Coins: The Challenges Of A Developing Country"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/02\/020813_0334_AmazonCoins1.jpg\" width=\"639\" height=\"639\" \/><\/p>\n<p>Amazon is <a href=\"http:\/\/www.theverge.com\/2013\/2\/5\/3954302\/amazon-introduces-amazon-coins-virtual-currency-for-kindle-fire-app\">planning<\/a> to launch its own currency called Amazon coins. Matthew Yglesias argued that developmental economics helps provides some insight into why it&#8217;s doing this:<\/p>\n<ul>\n<li>Microsoft, Apple, Google and Amazon are trapped in a war of ecosystems. Apple has the advantage because it launched its app ecosystem before the other players in the game and so developers build apps for that ecosystem.<\/li>\n<li>In response to this Microsoft offers subsidies to particular developers who will build for its own ecosystems.<\/li>\n<li>This is similar to a centrally planned system as Microsoft picks the apps that it thinks consumers will demand.<\/li>\n<li>Amazon, on the other hand, announced with its system of coins that it would be giving out millions of coins for free.<\/li>\n<li>Thus they will artificially stimulate demand for apps. In anticipation of this demand, app developers have a reason to start building for the Amazon ecosystem.<\/li>\n<li>And where will Amazon get the money for this? By issuing debt. Its credit rating is so good that it can essentially borrow money for free to give a short term fiscal boost that ultimately turns its ecosystem into one that is self-sustaining.<\/li>\n<\/ul>\n<p>Yglesias ends by noting that national governments could learn a thing or two from Amazon&#8217;s strategy. You should read the entire piece <a href=\"http:\/\/www.slate.com\/articles\/technology\/technology\/2013\/02\/amazon_coins_jeff_bezos_brilliant_plan_to_give_free_money_to_kindle_fire.html\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.slate.com\/articles\/technology\/technology\/2013\/02\/amazon_coins_jeff_bezos_brilliant_plan_to_give_free_money_to_kindle_fire.html\">Slate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon is planning to launch its own currency called Amazon coins. Matthew Yglesias argued that developmental economics helps provides some insight into why it&#8217;s doing this: Microsoft, Apple, Google and Amazon are trapped in a war of ecosystems. Apple has the advantage because it launched its app ecosystem before the other players in the game [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/02\/020813_0334_AmazonCoins1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/7984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=7984"}],"version-history":[{"count":5,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/7984\/revisions"}],"predecessor-version":[{"id":7991,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/7984\/revisions\/7991"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/7983"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=7984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=7984"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=7984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}