Let me respond to a few of your arguments
But, methinks we're preaching to the choir here. Obviously, you don't have a grasp of the business model.
"Visa goes 2%, so who would I rather use?... WAVX or Visa (or even CYCH in a digital wallet) to purchase the same item knowing that the WAVX transaction will be at a premium?"
Funny thing is, merchants hate Visa and Mastercard, but they are a necessary evil to do business today. Consumers could care less, they want convenience. It all comes down to price. Since, the business model is new, there is no premium over another service. There is no other service that provides this capability. Once again apples and oranges.
Visa works pretty good for hard merchandise goods. But, try using your Visa, either directly or thru the vaporware ECML standard, to play one game of Doom for a quarter? Try using your Visa to read one article in Bear-ron's for a dime? Another funny thing is that those vaporware ECML wallets sound just like the "failure" CyberCash products.
I don't know squat about CUST, but I do know they're software-based. Which means they're non-secure and hackable. They can't provide nearly the same level of content protection to the author.
"I'm sorry, but unless it's VISA or Mastercard, nobody and I mean NOBODY is gonna be willing to put money into a depository such as WAVX"
Today consumers pay their cable bill in advance for service for the next month. Not only do you have to pay up front, but you are subject to the channels and shows that are offered and if you don't watch the TV, you still pay for it. With Wave, you can have your cake and eat it too. You can "pay that monthly bill upfront" like your cable bill and buy, rent or use stuff only when you want OR you can pay as you go to do the same thing. It's your choice. And thats the beauty of it. On an aside, I wish my cable bill were metered instead of flat fee, I'd probably be charged half of what I pay today.
Free trial periods are nice. But, in my and I bet many other small business owners cases, I'd like to use a product periodically. The free trial period breaks down here. For example, AutoCad costs several thousands of dollars to purchase. But, from time to time, I need to access to AutoCad for a project. If AutoCad were Wave-enabled, and allowed me to use their product for say X dollars a day, I'd jump at the chance. Instead, I'm forced to either use some other junk software that gets the job half done, pass on the job entirely, or shell out two grand to buy it. And as an added benefit, if I've rented AutoCad enough, I'll have a licensed copy that didn't take up large chunks of capital in one fell swoop.
Keep 'em comin' cause these arguments are much better than the shallow ones presented by prior traders.
---Slate |
