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 wex@media.mit.edu 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.