I would like to help get an internet economny going! For the internet to become a source of greater revenue I'd like to see a system that can securely make business transactions that we are all happy with. The amounts should be small transactions compaired with selling a car,
All payment mechanisms require a basis of trust - so that the seller knows s/he will get paid - and hence rely on trusted third parties (governments, banks, charge card company etc), and/or need to be supported by specific explicit seller-buyer contracts. Current (commercial) electronic business transactions are underpinned by contracts, and security mechanisms appropriate to the risks associated with the carrier of the transaction. An "internet economy" needs a basis of trust, as well as security mechanisms appropriate for the current level of IP security. What basis of trust do you envisage? - pvm