1994-07-22 - e$: a long enough lever…

Header Data

From: rah@shipwright.com (Robert Hettinga)
To: “L. Todd Masco” <cypherpunks@toad.com
Message Hash: a6cf9a8a222d4040fe2784c64e4357664ef5415c4f143c04061ffe7712f03b9b
Message ID: <199407221953.PAA19415@zork.tiac.net>
Reply To: N/A
UTC Datetime: 1994-07-22 19:55:30 UTC
Raw Date: Fri, 22 Jul 94 12:55:30 PDT

Raw message

From: rah@shipwright.com (Robert Hettinga)
Date: Fri, 22 Jul 94 12:55:30 PDT
To: "L. Todd Masco" <cypherpunks@toad.com
Subject: e$: a long enough lever...
Message-ID: <199407221953.PAA19415@zork.tiac.net>
MIME-Version: 1.0
Content-Type: text/plain

>Not true.  Teleflora is a company that sells automatic processing software
> and also will be a front-end to credit card companies.  You pay 'em, you
> get your merchant ID and go, and start getting checks every so often.

This is kind of like the "internet drive-up window" ATM gateway idea my
cronies and I were throwing around.  The funds transfer happens between the
vendor and buyer's banks through an ATM/internet gate, probably owned by a
bank. The WWW/secure mosaic "wallets" and "cash registers" would be given

>I see a lot of great ideas for e$ out there, but I think they all suffer
> from a central fault: there's no easy transition from the way people do
> business in the real world to an e$ model.  IMO, you've got to base a system
> in the way people are used to working and make a gentle transition, or
> it's simply going to fail purely on the learning curve.

I keep insisting that an ATM gate offer the option of ecash in the
transaction, with us as the underwriter of the cash, even though my more
"practical" associates offered your rationale for not doing it...

They seem to be winning the argument at the moment. ;-).

Bob Hettinga

Robert Hettinga  (rah@shipwright.com) "There is no difference between someone
Shipwright Development Corporation     who eats too little and sees Heaven and
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