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Re: [xanadu] flecks ?????

On Fri, Sep 08, 2000 at 02:32:20AM -0500, Jeff Rush wrote:
> Flecks of gold...  I believe they are mentioned in Literary
> Machines but it may have been something else I read.
> Supposedly they make a good unit of international exchange
> and can be used to measure the *tiny* Xanadu charges for
> reading a paragraph or sentence of a published document.
> I'm not into precious metals investments so I have no
> idea how sound they are for this application.

Actually K. Nishii, who provided much assistance and support in Japan for
a couple of years, was very keen on the idea of denominating micropayments
in gold both to avoid tying it to any existing national currency and for
PR value - gold has a visceral feeling of value and financial stability
to it.  We have considered talking to egold.com, since their smallest
transaction denomination is a gram of silver which is a reasonable size.

mailto:xanni@xxxxxxxxxx                         Andrew Pam
http://www.xanadu.com.au/                       Chief Scientist, Xanadu
http://www.glasswings.com.au/                   Technology Manager, Glass Wings
http://www.sericyb.com.au/sc/                   Manager, Serious Cybernetics
P.O. Box 26, East Melbourne VIC 8002 Australia  Phone +61 0401 258 915