17 Dec
2003
17 Dec
'03
11:17 p.m.
At 9:13 AM -0400 7/6/98, Robert Hettinga wrote:
Hettinga's three laws of internet payment technology investment:
1. Geodesic, peer-to-peer transactions. 2. Three orders of magnitude cost reduction. 3. Nothing but net.
The application of the above to Cybercash, or SET, for that matter, I leave as an exercise for the reader...
Three orders of magnitude cost reduction as compared to what? I can believe that much improvement over running my credit card thru an imprinter and processing the paper slip. But I doubt you can get anything like1000X over SET, ugly as it is. Arnold Reinhold