-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 At 8:47 PM -0700 on 5/11/02, Morlock Elloi wrote:
> Flipping bits in the gates or on the wire is not that - unless Joe > the Hitman or Gordon the Dealer or Jeff the Cleaner can well > understand it and in addition to that have implementor's balls > within reach if something goes wrong. People don't actually have to understand it as long as they get paid, of course. People who are getting paid want to get paid as cheaply as possible, ceterus parabus, and so any payment mechanism's "customers" are *not* the people paying for things, it's the people getting paid them. Finally, in the case of a bearer cash product it is the *underwriter* whose balls are in a vice, and nobody else, and that's as simple prospect to arrange, as long as there's money to be made putting them there. Cheers, RAH -----BEGIN PGP SIGNATURE----- Version: PGP 7.5 iQA/AwUBPN4D1cPxH8jf3ohaEQLShwCgpBpcK6bmokg3nGtfllIKRm54+lUAn1F0 4GfbI2/YSoe0dxXzfBKEOP+8 =9lMG -----END PGP SIGNATURE----- -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.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'
