[Date Prev][Date Next][Thread Prev][Thread Next][Author Index][Date Index][Thread Index]
Re: [xanadu] flecks ?????
- To: xanadu@xxxxxxxxxx
- Subject: Re: [xanadu] flecks ?????
- From: roger gregory <reg@xxxxxxxx>
- Date: Mon, 16 Oct 2000 12:52:50 -0700
- Organization: udanax.com
- References: <email@example.com> <39EAF756.E0996F5E@xxxxxxxxxx>
- Reply-to: xanadu@xxxxxxxxxx
Hey Jeff sorry I've been out of the loop for so long, a roommate
died and thus got us into deep legal trouble.
I saw that you translated the smalltalk into c++, I'll send your
our translated version, and we can see how they compare.
Does your's run and compile? I haven't had a chance to try it.
Jeff Rush wrote:
> ____Textpert Alert____ wrote:
> > end-frontend technology with built-in granular transclusion,
> > accounting and billing capabilities (as per Ted's original
> > concept; in WWW the latter later named "micropayments" --
> > still nowhere near in sight [see url below]).
> You see micropayments nowhere because there is an array of powerful
> forces working hard to prevent them. There is the VISA/MC network,
> which has a "dog in the manger" approach where if they can't have
> the market at 0.50 $USD per transaction, no one else can, stating
> that it *can't* be done below that cost, using their existing
> There is the Federal Reserve system which wants 'managed'
> banks at the monetary flowpoints, ostensibly to maintain quality
> and stability. They refuse to certify banks who use 'nonapproved'
> micropayment systems. They're hard to regulate.
> There are the various taxation authorities who cringe at the idea
> of trillions of anonymous, widespread transactions flowing thru
> uncontrollable, tax-zone crossing, regions. And they exerted
> political pressure to keep David Chaum's anonymous Digicash
> scheme from taking root in the U.S.
> And there are those short-sighted engineers/banks that design the
> micropayment systems who want to impose royalties on each
> transaction, as a way to get fantastically rich. Digicash and
> the customer banks have done this as well.
> The key to a micropayment system is not technical but political.
> To be useful it must be tied into the global financial system,
> but it keeps getting rejected. The correct immune system
> suppression meme has not yet been found.
> -Jeff Rush
541a Presidio Blvd.
San Francisco, ca 94129