Beenz to shut down http://news.cnet.com/news/0-1007-200-6893917.html?tag=lh "Experts believe that online currency sites such as Beenz were overtaken as a way of shopping online by credit cards, which had the advantage of being virtually universally accepted both on and offline. In contrast, digital currency appealed to Internet merchants because they avoided the hefty charges involved with credit cards." Anybody who believes that, isn't my idea of an expert... The shutdown of flooz, beenz etc. disprove only one thing: that it's possible to come in with huge, big-capital operation with hundreds of 9-to-5 employees and capture a rent collecting model sufficient to pay for the initial investment. Whenever digital cash provides a lock- in for the issuer or mint, in perpetuity, then the public will reject it. People aren't so dumb these days. The Borg, and IBM before them, showed how cynically and remorselessly the software community will exploit any opportunity to extract rents. As Lawrence Lessig says, the code rules. When the surly and unpaid community of open source developers finally builds a DBC system that is convenient, secure, private, and safe, small business and individuals will surely use it. Why wouldn't they? Todd Boyle CPA www.gldialtone.com www.arapxml.net and other mediocre and unfinished works... --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-gold Ltd. stores more gold on behalf of customers than many countries? See http://www.gold.org/Gra/Gra1.htm and the e-gold Examiner at http://www.e-gold.com/examiner.html for details.
