[Metalab] YaXwe hacker camp - "hacker autonomy vs money"

[Iang]

Bernd Petrovitsch wrote:

> Kurz: Sobald es ein alternatives System gibt, daß großflächig verbreitet
> ist,
> wird es mbMn auch Spekulanten etc. geben.


Size is a big factor, and an important one to to watch.  But 
we can do better than that.  (Relying on a google/human 
translation here so maybe I got the wrong meaning...)

We know much more about how to put in place trouble-limited 
payment systems than we did in the digicash days.  There are 
many examples around, you can check for example the fee 
structure of Paypal versus the others, and wonder why Paypal 
fees are so high.  Easy answer:  they like and appreciate a 
floor of trouble, because that keeps fees high, and high 
fees means high profits.  Fee structures of other systems 
are 1-2 orders of magnitude lower, and sustainable, because 
they use a lot of the techniques we have developed since the 
halcyon days of simple cryptographic designs.



iang