Between the bans on online gambling in the USA, and AllOfMP3.com under attack, I can safely predict one thing: alternative forms of value storage and transmission are about to get a big boost. And the American government is going to get a nasty shock, in that there are other sovereign countries who will be the beneficiaries. A whole bunch of tech and business models from the bust need a dust-off.
As for telcos, this is unwelcome news. The prepay industry has been expanding into payments for all sorts of digital and physical services, and this in the long run means there's now competition on the horizon. They'll do OK, and each will find its own distribution niche.
The Internet is going to have a much deeper impact on society and institutions than we think. It just takes time.
Posted by Martin Geddes at 11:08 PMTrackBack URL for this entry:
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