E-Money (That’s What I Want)
You will pay for e-money, either in transaction fees or, as in the CyberCash model, by allowing others to earn interest on your electronic cash – even as it sits in your virtual wallet.
Archives: Expert Predictions
E-Money (That’s What I Want)
Depending on how they work, the various systems of electronic money will prove to be boons or disasters, bastions of individual privacy or violators of individual freedom. At the worst, a faulty or crackable system of electronic money could lead to an economic Chernobyl. Imagine the dark side: cryptocash hackers who figure out how to spoof an e-money system. A desktop mint! The resulting flood of bad digits would make the hyperinflationary Weimar Republic – where people carted wheelbarrows full of marks to pay for groceries – look like a stable monetary system.
E-Money (That’s What I Want)
[Digital cash] will become ubiquitous – it’s the cheapest way of moving money around.
Life After Television P. 139
Computers will soon blow away the broadcast television industry. But computers pose no such threat to newspapers. Indeed, the computer is the perfect complement to the newspaper.
E-Money (That’s What I Want)
We will provide cyberspace with financial communications that will be safe and secure and convenient.
The Internet: Do You Have a Strategy?
The Internet (and the commercial services that overlay it) could subsume the full-service network efforts under way. A combination of PCs, cable, broadband, and/or integrated services digital network (ISDN) may provide the interactive digital services only promised by the full-service networks … Because it will be so easy to turn one’s computer into a gateway, the Internet could easily become the vehicle for delivering content.
All Power to the Network
No matter how often we upgrade our desktops’ memory and processing capacity, we will never match the exponential growth in the power, capacity and utility of the Internet. Gilder calls this “the hollowing out of the computer.”
E-Money (That’s What I Want)
Paper money will probably never go away (hey, they couldn’t even get rid of the penny), but bills and coinage will increasingly be replaced by some sort of electronic equivalent.
Cryptography Policy
If and when a new cryptography policy emerges, there will be winners and losers among the pool of “players,” a pool that roughly consists of law enforcement agencies, U.S. manufacturers and vendors of encryption products, and the public.
Cryptography Policy
Congress will be placed under escalating pressure to pass new laws governing information technology, especially with the increased attention being devoted to the design and development of the National Information Infrastructure.