Going backwards - Good grief | Bitcointalksearch.org

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: JPage on February 25, 2015, 11:07:35 AM

I just read this story today: http://www.coindesk.com/t-mobile-poland-trials-bitcoin-top-ups-for-mobile-customers/ with interest.

This is exactly the opposite of how Bitcoin is supposed to be used. InPay is an additional middle man. T-Mobile customer service/accounting is also a middle man. So this scheme has just increased the expenses and middle men by 100%.

Stupid.

This is how to do it correctly:
Fire all subscriber service employees (both prepaid and contract) of every mobile telephone service on the planet. They are not needed. We only need the towers - not the expensive accounting and marketing departments.

The smartphone talks to the tower to ask for a connection. Instead of the tower asking T-Mobile of the account holder is good, the tower receives a small micro payment from the smartphone directly. Just a smartphone and a tower. No middle man. smartphone pays the tower for connection services - pay per use.

A very small software upgrade on the phone, and a very small software upgrade on the tower - ready to go. No new physics here.

50% of the costs today go to the accounting and middle men. All that is unnecessary when Bitcoin is used properly.

The InPay scheme in the story above ADDS more middlemen. We need to use Bitcoin to REMOVE the middle man!

That is the power of Bitcoin.

I pretty much like your saying , We don't need more middlemen , what we need is trust and bitcoin can be very useful for that , given there can be put a inbuilt escrow

dothebeats

legendary

Activity: 3542

Merit: 1352

Quote

50% of the costs today go to the accounting and middle men. All that is unnecessary when Bitcoin is used properly.

True, the high costs of services and goods are usually caused by the fees put up by middlemen. Of course, it's not like the escrow system implemented or applied here in BTT because these men offered their service as a middlemen in order to gain something from it, not just securing the deal and making it safe for both sides.

JPage

full member

Activity: 399

Merit: 105

Quote from: countryfree on February 25, 2015, 11:22:00 AM

Quote from: JPage on February 25, 2015, 11:07:35 AM

Fire all subscriber service employees (both prepaid and contract) of every mobile telephone service on the planet. They are not needed. We only need the towers - not the expensive accounting and marketing departments.

How do you pay a tower? A tower cannot accept payment as far as I know. And there are more than 250,000 towers in Europe, are you going to pay all of them individually to be safe to travel?

Quote from: countryfree on February 25, 2015, 11:22:00 AM

How do you pay a tower? A tower cannot accept payment as far as I know.

It will soon.

When your phone asks the tower to set up a call, the tower gives your phone (all done in the background. You don't even know it is happening) 'its' Bitcoin address and your phone sends a small Bitcoin transaction. It takes about .5 second. Yes, pay per tower, pay per day, pay per network, pay per call, - it all works just fine. Just send $20 worth of Bitcoin to your phone one a month and you are good to go!

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Quote from: JPage on February 25, 2015, 11:07:35 AM

Fire all subscriber service employees (both prepaid and contract) of every mobile telephone service on the planet. They are not needed. We only need the towers - not the expensive accounting and marketing departments.

How do you pay a tower? A tower cannot accept payment as far as I know. And there are more than 250,000 towers in Europe, are you going to pay all of them individually to be safe to travel?

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Don't support companies that are doing it wrong. It's all we can do.

JPage

full member

Activity: 399

Merit: 105

I just read this story today: http://www.coindesk.com/t-mobile-poland-trials-bitcoin-top-ups-for-mobile-customers/ with interest.

This is exactly the opposite of how Bitcoin is supposed to be used. InPay is an additional middle man. T-Mobile customer service/accounting is also a middle man. So this scheme has just increased the expenses and middle men by 100%.

Stupid.

This is how to do it correctly:
Fire all subscriber service employees (both prepaid and contract) of every mobile telephone service on the planet. They are not needed. We only need the towers - not the expensive accounting and marketing departments.

The smartphone talks to the tower to ask for a connection. Instead of the tower asking T-Mobile of the account holder is good, the tower receives a small micro payment from the smartphone directly. Just a smartphone and a tower. No middle man. smartphone pays the tower for connection services - pay per use.

A very small software upgrade on the phone, and a very small software upgrade on the tower - ready to go. No new physics here.

50% of the costs today go to the accounting and middle men. All that is unnecessary when Bitcoin is used properly.

The InPay scheme in the story above ADDS more middlemen. We need to use Bitcoin to REMOVE the middle man!

That is the power of Bitcoin.

Topic: Going backwards - Good grief (Read 1017 times)