well, i am glad this conversation can take place here where folks are actually interested in it.
i think you misinterpret who the naive posters are and what they believe. what do you think most wave investors imagine the revenue opportunity is in mobile? over the years, i have seen many who see wave's role as a toll booth on the flow of financial transactions. and you guys are encouraging them to think about these transactions, rather than the per seat opportunity.
and in case you didn't understand me, i think wave's attempt to assert dominance in the tc market is by providing its services to the enterprise market. obviously this depends upon the proliferation of tpms and execution environments. but the tee is something arm and intel will distribute, not wave.
" If anything, the TEE provides the means to once and for all get rid of the "transactional cut" demon."
but this is exactly my point.
the incumbents want to keep exactly this cut. and they are organising the architecture to assure its continuance.
i am not talking about what i want. i am observing what is happening. surely you see that the secure elements / sim payments architecture is made to assure the relevance of exactly the folks whom TC makes redundant.
why would they not adopt the tc model? because all these guys make their living farming the transactions of you and i.
this is a profound obstacle.
i don't see the free market creating a solution to this problem. the free market is dominated by politics, and the incumbents control market politics and this translates into architecture.
so how on earth will tc get introduced in the mobile markets? i think there are two choices: the first is gradual, incremental and utterly tiresome - same as we have seen with the pc market; the second is a more powerful force demanding change, and the only source i can see having that kind of influence is something like the EU or US governments. well, actually apple would help, but they have never seemed enthusiastic. ms just isn't a power player in the mobile space.
otherwise, i expect more of the same. 500m mobile units and occasional traction. i want to see wave succeed. that means not doing things the same way forever. or building hopes atop the same methodology.
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