Comments on: Dwolla enables money transfers through Twitter and Facebook

By: Sepp Hasslberger

Sepp Hasslberger — Fri, 18 Nov 2011 16:48:52 +0000

Latest on Dwolla – see this interview published in November 2011

This 28-Year-Old’s Startup Is Moving $350 Million And Wants To Completely Kill Credit Cards

http://www.businessinsider.com/this-28-year-old-is-making-sure-credit-cards-wont-exist-in-the-next-few-years-2011-11?op=1#ixzz1e4nTUd9R

By: Sepp Hasslberger

Sepp Hasslberger — Fri, 14 Jan 2011 18:37:39 +0000

Quite a racket, you say, to move that number from one database to another.

Have you got any idea how much your bank is charging you for that exact same service? Do some research. Seen against today’s prevailing reality, Dwolla is a huge step in the right direction.

Now if you were to provide such a service, how would you propose to make the money needed to pay the costs of administrative work and computers – as minimal as those costs might be?

By: Karl

Karl — Thu, 30 Dec 2010 03:03:05 +0000

Having to pay 25 cents to subtract from a number in one database and add to a number in another database is quite a racket! How is it that I can send an email or a file to another person without any fees, but two people can’t perform a private monetary transaction in the same way? This just highlights how obsolete many of our social structures are (this includes the idea of money itself) and how we need to move to decentralized systems where we can eliminate all parasitical behavior.