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Mostly offline digicash
Nick asks:
> Why haven't people backed away from credit cards despite $10's of billions
> in fraud?
A very good question. The reason is largely because it's a very profitable
business *for the card merchants* (banks, mostly). They get their
percentage no matter what, and losses don't eat into it all that much.
I agree with much of what Nick says, but I think we have to consider ways to
help make digicash pay for its own implementation and enforcement, or it
will not take hold.
--Alan Wexelblat, Reality Hacker, Author, and Cyberspace Bard
Media Lab - Advanced Human Interface Group [email protected]
Voice: 617-258-9168, Pager: 617-945-1842 PUBLIC KEY available by request
Try not to have a good time ... This is supposed to be educational.