As payments on the network mature, you’re going to be paying for all kinds of small things, more payments than one makes today, and they’re going to be that much more revealing. Every article you read, every question you have, you’re going to have to pay for it.
Predictor: Chaum, David
Prediction, in context:In a 1994 article in The New York Times, writer Peter Lewis quotes E-cash entrepreneur David Chaum. Lewis writes: ”While commercial banks are obvious potential customers for the Digicash banking software, other potential buyers might include telephone and cable companies, Internet service providers and other organizations that provide Internet access. ‘If you try to make cash that doesn’t resemble the cash we have today, it’s not going to work,’ Mr. Chaum said today at the International World Wide Web Conference here. ‘As payments on the network mature, you’re going to be paying for all kinds of small things, more payments than one makes today, and they’re going to be that much more revealing,’ Mr. Chaum said. ‘Every article you read, every question you have, you’re going to have to pay for it.’ Mr. Chaum bristled at the suggestion that e-cash’s privacy and anonymity might be used to circumvent the Internal Revenue Service or other legal and taxing authorities. ‘Not true, simply malicious slander,’ he said. The cyber bank would have records of e-transfers and e-deposits, he noted.”
Biography:David Chaum was the founder of DigiCash in the early 1990s. He was the inventor of cryptographic protocols that allowed him to create a company whose mission was to change the world through the introduction of anonymous digital money technology. (Technology Developer/Administrator.)
Date of prediction: January 1, 1994
Topic of prediction: Economic structures
Subtopic: Microtransactions
Name of publication: New York Times
Title, headline, chapter name: Attention Internet Shoppers: E-Cash Is Here
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=ac999c37dc86aec6cc56e611bb23e311&_docnum=10&wchp=dGLbVzz-lSlAl&_md5=3c4387509549ba775df4529565524f97
This data was logged into the Elon/Pew Predictions Database by: Canizaro, Lauren