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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