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Wednesday, May 22, 2013
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@bm by: Anonymous on 10/19/2010
Does bm = bowel movement?
bm by: Anonymous on 10/18/2010
@No wonder:

If you re-read it, nothing in the article discusses how bankers, fiat currency, or your "powerful circle" would be a thing of the past. The author hints at such nonsense, in the first page or two, but on the final page it becomes clear that he's only discussing using phones to move money between bank accounts -- mobile phones.

The author helpfully uses a phrase, on page 3, to clarify: "mobile banking accounts". The banking institutions -- as currently designed -- will remain alive, and well. So, what were you off again, about the Illuminati?
no wonder by: Anonymous on 10/18/2010
Tomi Ahonen is positing a future where bankers and their moneymaking and moneychanging friends would be a thing of the past. The basic concept of money itself along with the illusive value of fiat currency is pulled to the forefront.

This is a dangerous affront to the most powerful circle of criminal elite in the world. This attacks their basis of power.

No, no, Mr. Ahonen.

It doesn't matter whether or not Tomi Ahonen's theories will play out to the letter. The threat is that his analysis might initiate thoughts about the validity of money, banks and economies at large.

As the world will soon spasm violently from the worst worldwide economic collapse in modern history, the true puppetmasters -- those who control wealth -- are in danger of revolution.

Tomi Ahonen's words, liberated so near this critical and painful point in time, might trigger the unwanted spark that leads to a raging inferno that will turn the Illuminati into ashes.

Or not.

In any case, our overlords are not in a generous mood today.
bm by: Anonymous on 10/17/2010
I agree with the earlier-commenter's sentiment "written by someone with no knowledge of the underlying technologies". Regardless of Ahonen's acumen, the first two pages were rife with sensationalist terms and phrases, and then proceeded to offer facts which were barely related, much less supportive.


The extraordinarily dumbed-down explanations in the first two pages are not fit for a technically-minded audience (this site), nor for a banking conference (the intended venue). I've heard more detailed analysis of fiat currency from election campaigns, and random youtube video bloggers. It wouldn't surprise me if Ahonen was canned as a speaker only because they listened to his first presentation and realized he wasn't competent.


The last page, however, is a real eye-opener. The author claims that phones can replace payment terminals, without addressing why anyone would care to have this. Ebay? No-one buys large scale electronics, cars, groceries, or anything else of importance from their neighbors. The author implies mobile-to-mobile payments can positively impact crime, with an example that is more sensationalist than useful, while failing to address the new class of crime it would inevitably create.


Now, for some more targeted predictions. When the day arrives that most mobile phones can exchange funds: All the major businesses will continue to use centralized payment terminals -- just as today; employees will not use personal phones to "receive" payment. A relatively small percentage of cash will flow between individuals directly -- just as today. The housing market will make novel use of it. And the authors big, censured lecture will end up lost to the archives of a site no-one reads, because no-one remembers it.
Censor point? by: Nikolaos Skordilis on 10/16/2010
Dear Mr Ahonen,your article was quite interesting and insightful,a simple yet thorough account of radical monetary changes curently occuring and about to occur.
Still,my question about why you were censored by mr Bennett remains : what was the point of it?
British Sovereign gold coins minted by the Royal Mint are neither cash nor primary means of payment.They are collector's items.
They are passed from one generation to the next,e.g. from grandpa to his grandchildren.They have asthetic value and beauty.They can be traded-with either physical or digital currency-or exchanged.Their value is determined by the gold prices and also their rarity.
So,even if all other physical monetary means become obsolete,these coins are certainly not in direct danger.
My guess is they would be even more sought after (and as a result higher priced),since their collector value would be enhanced.
For these reasons I believe that mr Bennett's apparent fear that had you censored was clearly unjustified and thoughtless.
RE: Reporter by: Theo Valich on 10/15/2010
Tomi Ahonen is a former Vice President of Nokia, and not an reporter. After he left, things went downhill. He envisioned the rise of 3G services, phone cameras, multimedia messaging services [MMS], teens and QWERTY keyboards and a lot of other things we consider to be a norm today.

As far as SIM card comment applies, how true is that in the world of SuperSIM? Something goes wrong with hacking and the card is toast.

Personally, not all that too pleased to do serious transactions on the phone, but I paid secondary transactions [parking, tram ticket] more times than I can recall.

Ed.
Sim cards by: Anonymous on 10/15/2010
Sim cards were hard to hack in the late 90's perhaps. Today, a teenager with a laptop can do it in a few minutes.
Hopefully by: Anonymous on 10/15/2010
we are still hundreds of years away from mobile cash happening in the western world.
Why ? Is this anonymous - No it is not - as long as digital money takes away my right to make anonymous payments - I (and a lot of others I know) will certainly not use it.

Btw. SIM cards are hard to hack - where did you hear this piece of nonsense ?

This article was clearly written by someone who has no knowledge of the underlying technologies - after all - he's just a reporter
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