RE: UKNM: the absurd economics of the net

[Sajid Mohammed]

I haven't read The Economist as such, but giving away dollars smacks

of Keynes'(?) idea for a wealth creation scheme involving the

Goverment filling old bottles with bank notes and burying them in

mines. Now that's what I call trickle-down economics.


All economics are absurd anyway - anyone who's ever read Robert Anton

Wilson's views on money will know what I'm talking about.


What I want to know is: whatever happened to John Perry Barlow's idea

of vast online economies based on encrypted transactions using private

currencies? Goverments tend to look dimly on privately issued

currencies (unless you happen to be Emperor Joshua Norton I), but

surely you'd be able to get away with it online?


Sajid Mohammed


---Leslie Bunder <

LBunderteletext [dot] co [dot] uk

> wrote:

>

> well, that's what some predict with the free ISPs.  How long is it

going

> to be before, someone starts paying people to access their service.

> 

> Anyway,  bunder.com will be offering �50 notes for only �40 (plus VAT

> and shipping!)....

 UK)  or +44 7010 701967 (outside UK)


> > -----Original Message-----

>

> From: Bill Thompson [SMTP:billdial [dot] pipex [dot] com]

> > Sent:	02 February 1999 09:38

>

> To: uk-netmarketingchinwag [dot] com

> > Subject:	UKNM: the absurd economics of the net

> > 

> > This week's Economist has a number of pieces about the overvaluation

> > of net stocks - worth reading - but they also point out the way

> > the industry  is going by imagining a company called "dollar.com"

that

> > sells dollar bills for 90 cents and then makes money from selling

> > ads and impressions.

> > 

> > What frightens me most is that I can't see anything wrong

> > with the model... is it just me?

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