[cap-talk] Scope/span of capability systems (esp. as data), network reach
Dave Chizmadia - Gmail
davechiz at gmail.com
Thu Mar 5 15:35:47 EST 2009
> We have developed a protocol for a cell phone payment system
> that does the job by turning the problem around. You send me
> a capability to withdraw 1 EUR from your account. I deposit
> the money in my account by giving that capability to my bank.
> My bank does whatever it does today for international
> currency transfers and deposits the proceeds minus any fees
> into my account. We have designed the protocol to have
> minimal impact on the back-end processing.
It is worth noting that the real-world banking community
has used this protocol for several centuries...
They call it "cheques" (or "checks" using American
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