From: Robert Hettinga <rah@shipwright.com>
Date: Wed, 23 Dec 1998 22:45:52 +0800
To: dbs@philodox.com>
Subject: Context Magazine interviews with Moore, Metcalfe, and Coase
Message-ID: <v04020a14b2a69bffef40@[139.167.130.246]>
MIME-Version: 1.0
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Well, I don't know about *heroes*. I mean, Tom Swift, or the Grey Lensman,
were *heroes*, right? ;-).

Still these are some good interviews, in complete keeping with the topic of
my last pico-rant.

Metcalfe talks about micromoney, even what looks, facially, like a
georecursive market. Sans digital bearer transaction settlement, of course,
but they'll all learn... :-).

Also note where Coase guess that transaction costs (not just settlement and
clearing, but the whole information enchelada of finding products, etc.)
might come to 45% of GDP, or $4.5 trillion for the US alone.

Stuff like that is why I say that digital bearer transactions will be the
dominant value transfer technology of the coming geodesic economy.

Cheers,
RAH

--- begin forwarded text


From: Somebody
To: Bob Hettinga <rah@shipwright.com>
Date: Wed, 23 Dec 1998 02:11:14 "GMT"
Subject:  Somebody has recommended a CONTEXT Magazine article to you

Somebody sent you this article from CONTEXT Magazine
(http://www.contextmag.com)

Note:
-----------------------------
A short interview with three of your heroes.  Merry Christmas!

<Somebody's .sig>
-----------------------------

http://www.contextmag.com/archives/199809/lawAndDisorder.asp
We hope you enjoy it.
CONTEXT Magazine

--- end forwarded text


-----------------
Robert A. Hettinga <mailto: rah@philodox.com>
Philodox Financial Technology Evangelism <http://www.philodox.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'