Paradigm Shift? Digital Currency 12 - The Coming Convergence

Finishing that Keynote Address, I then laid out a vision for the coming convergence and like Lebowski's rug, tied it all together...

Cable and Phone companies merge to provide speed, bandwidth and home delivery infrastructure.....


Companies are looking for any competitive edge they can buy in the next high growth market, the Internet.....


Combine speed and bandwidth with streaming audio/video capabilities and the Internet becomes...


a media rich technological convergence with transactional capabilities.  The Net will get fault-tolerant, secure transactional capabilities.


Everyone gets their own free PC (Phone and Cable set top box) with the Java interface built in.....Wonder what could happen?


Flashforward - January 1st, 2001


As I sit in my living room gazing at the rich, vibrant colors emanating from the display on my Java Internet terminal...


I reflect upon the past few years....  several years ago they built the interface into the PCC box(Phone and Cable Co. that is).


Everyone’s been flying around in virtual reality on the Net ever since. 


Remember when Cable, HBO and ESPN came along?  Who would pay for what was already free over the air?  The VNet (VirtualNet) convergence made that look like chump change....


Streaming channels of specialized and customized content... audio, video, text, virtual reality, gaming, messaging and voice services. 


Wonderful thing Phone and Cable came up with, no more stamps, envelopes, paper or slow delivery services. 


And to think just a few years ago, the LDS had all those sorters, bar-code readers, trucks and delivery people....


When the Phone and Cable people increased the bandwidth the net went nuts and transaction processing got really heavy on the VNet.


The Java interface was built into the PC set top box and Phone & Cable figured out that they could provide voice and messaging service for the world.


Simple letters at first, kind of like EMAIL in the old days.  But, then audio/video conferencing, security and transactional features got put on the Net and well..


Multiple page documents, contracts, presentations, virtual meetings, confidential business critical documents...


and escrow closings were literally yanked from the hands of the overnight delivery people.


Individuals and business’s loved the VNet medium, it was 100 times worse than what Radio had done to Newspaper, or what TV had done to Radio and Newspaper.


Phone and Cable saw the synergy’s the VNet would provide.  They made early investments... paid big dividends...


Speaking of which, the banking and finance people literally made a mint with the digital currency exchange.


Then congress decided that VN mail service was not an infringement on the LDS delivery capabilities...


since they thought that LDS could have made the same inroads into the market as Phone & Cable did....


I guess their monopoly didn’t extend to the new VN (VirtualNet).  LDS totally missed out on the transactional end of things. 


LDS was relegated to compete with DHL and UPS for packages, you know smaller freight like items.


I guess LDS thought they saw the light at the other end of the tunnel... they were working so hard on internal business that the real world passed them by....


and the light turned out to be a train heading straight for them.


Nothing but blank stares, some looked at me like I had eight heads, and these were the rantings of a deranged lunatic.  More to come...


Paradigm Shift? Digital Currency 13 - The Future 
Paradigm Shift? Digital Currency - Index

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