Comment on Are You Ready for the New Peer-to-Peer Economy? by Adam

There are two ideas here and they make an unusual hybrid. While p2p via the likes of Square sounds good, it still leaves digital records and needs digital means to make or accept payment. There's still a middleman (the credit card companies and/or banks). Take the example of email. We've come to believe that if I send my mother an email, that the email is between her and I. It is not, though. The email is to Google (I use Gmail) and Google happens to pass it along to my mother. In much the same way, p2p transactions will work. I think it's between me and Joe the Artist but the payment just happens to get passed along to him. Trade and barter is quite different.

Comment on Are You Ready for the New Peer-to-Peer Economy? by Adam

Backlink: http://gigaom.com/2011/03/11/are-you-ready-for-the-new-peer-to-peer-economy/#comment-607867