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it's all about revenue streams

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 24 Aug 12 6:10 PM | 112 view(s)
Boardmark this board | The Trust Matrix 		Msg. 09501 of 54959
(This msg. is a reply to 09465 by Cactus Flower)
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so i think i finally discovered the fault line.

for some, it's about beautiful technology. i used to be one of those people. the thing which mattered was the trust matrix. somehow, i imagined, it would just appear.

but i changed my view along the way.

first, i learnt to appreciate complexity. innovative security is balanced against incumbency and various freedoms. it is hard to get from a to b. etc

second, i realised that money flows control architecture. for me, the mobile conversation is almost entirely about the 3% or so that the financial transaction folks scoop from the flow of money. i used to think tc technology would enable things to be done more cheaply. i thought it was wonderful that it lets everyone participate in the market. i still do. but that is not how things work. incumbents work to secure their interest against it. they want to ensure they remain in control and can secure their income.

it sucks. but it is the way it is.

i thought everyone knew this was what it's all about. but now i understand it is not within the scope of many people's thinking.

but hence, all the same, the reality is that wave focusses on its fixed revenue per seat communications model.

if, one day, they can get tc deployed by this means, and they can sign up enterprise clients en masse, then they have an incumbent's opportunity to divert the financial traffic. but that's a long way down the road.


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The above is a reply to the following message:
Re: sum total of three people
By: Cactus Flower in ALEA
Thu, 23 Aug 12 6:59 AM 		Msg. 09465 of 54959

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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