And contrary to your expectations this won't be about pie. This, instead, will be about the business opportunity for anyone with a no-ad basic account who does not want to continue with LJ. Huh? What? You see SUP, the company that owns livejournal, decided to kill basic free accounts.
Brad's Entry on This This means that in addition to the value inherent in permanent and early adopter accounts all those old freebie journals are now slightly valuable internet real estate for anyone who does not want to see advertisements while browsing LJ and who does not want to pay an annual fee of $20. Though only as long as the no-ad basic accounts continue to be grandfathered in with no ads. Given that that the longest one might expect this not to change is one year it won't be any more than $20, less the value of a name change fee of $5 and the reduced functionality. But I'd guess that every basic account is worth $5 depending upon the name.
The only problem with this is provision X. in the
terms of service "NO RESALE OF SERVICE". This means that if I want to abandon my LJ I cannot sell my permanent account to someone who'd want to make it his or her own.
Yet another lovely idea cruelly killed by the unsympathetic application of a fact.
So what we have here is the basic problem of a locked market. People have something of (small) value that they are not permitted to sell. This would generate a black market except that the rewards are so relatively small and the risks are large to anyone who actually wants to use LJ. So even though I ought to get at least $(40*2)-5=$75 if I no longer wanted my permanent account I could not. And it chafes to know that the company will make money off of my content, even this post, if I should just disappear. What did I pay the $250 for way back when if not advertising free hosting? Answer: Not very much.