By Bayle Emlein
 
Money,  which is a very strange notion if you stop to contemplate the symbolic  nature of the invention, is becoming even more abstract. Instead of  working out the shared bill at the end of a restaurant meal, one has the  option of signing up oneself and one’s friends/co-diners to haggle  electronically about the balance of payments. Credit-card reader add-on  devices for smartphones have been out for a while. At Showstoppers,   Intuit was showing their addition to the market. The Intuit Mint is the  smallest of the devices I’ve seen, and with the Intuit name behind the  service there might be some traction here for small to mid-sized  businesses. Reminiscent of a time when shaving was a manual art and the  razors were low-cost but then you were locked into buying razor blades,  the gizmo is free, the service from Intuit is not though the charges are  comparable to standard credit card transactions. 
This model allows  anyone with a smartphone to accept credit cards, enabling many small  merchants to use the payment option in an era when checks are obsolete  and even parking meters do not require cold hard cash. All you need is a  connection to the Cloud. Notice the assumption that every farmer at the  farmers’ market has an iPhone?
 
While  we’re looking Cloud-ward, let me comment on the growing assurance from  the denizens of the virtual air that I, too, will be happier if I move  my digital life to the ethers. From my point of view, this is a bid for  job security for network administrators and server farm jockeys. Living  as I do less than a mile from one of the major California earthquake  faults, I would do well to get my data stashed in some other state or  country. But the Cloud seems even more fragile than California real  estate. 
There are stories going around (possibly urban myths) about  folks who have uploaded their entire family photo history only to have  the backup service cease to exist. So far whenever I have centralized my  work life to depend on a centralized atmospheric base, some component  has failed and the access I depended on has evaporated.
Sunday, January 22, 2012
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment