| From: | The Deb Decker <RJR96326@****.UTULSA.EDU> |
|---|---|
| Subject: | Mo' Money |
| Date: | Fri, 10 Sep 1993 14:02:55 -0500 |
>in there will have no problem spending 'Raku scrip. But Mitsuhama
>scrip is next to worthless in the 'cology. Not because of any law, but
>because it belongs to a rival corp.
That much is obvious. What I think of when I consider "other merchants"
accepting the scrip is the independents, the mom&pops trying to
scrape what they can, to the point of accepting any currency they think
may be valuable. Like street vendors in the Third World, or the way
dollars, blue jeans, and other sundry goods were good in the Soviet
underground.
>Take another example, the VISA card adds in the US: "And don't forget
>your VISA card, because they don't <blah> and they don't take American
>Express."
Right, but mom&pop don't need a credit check to accept the scrip. You just
need to hand it over to them.
>Right; kind of like the credit card readers you find at most stores
>today. If they don't have a reader with a modem to connect to a
>specific credit company, you can't use their cards at that store. Try
>using your VISA at McDonald's sometime :-).
Similar, but not quite the same. I'll re-read Real Life, but I assumed
that the stick just records the transaction, and the transaction only
becomes "real" after one or the other stick has been plugged into the
back to upload the data. But that's another thread entirely.
BTW, McDonald's in Germany (and I assume other nations as well) take
dollars as well as the local currency. That's how I envision scrip;
areas dominated by a corps will take both local/Nuyen and corp scrip.
>. . .it costs the corp practically nothing to pay in scrip.
Not true. You can't make nothing from nothing. If the corp says "this
is worth X, they had better be able to back it up or they will go
bankrupt. If everyone tries to cash in their chips, the system collapses.
/
\ I / J Roberson
- 0 - "Women are from Venus. Men are from Mars.
/ I \ Me? I'm from Earth."
+ --Me, except I'm sure someone else thought of it, too.
