http://emergentchaos.com/archives/2007/04/micropayments-company-bought-or-is-that-sold.html The Emergent Chaos Jazz Combo Wed, 01 Feb 2012 19:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://emergentchaos.com/archives/2007/04/micropayments-company-bought-or-is-that-sold.html/comment-page-1#comment-3530 RAH Wed, 18 Apr 2007 01:55:40 +0000 http://emergentchaos.com/?p=2323#comment-3530 Peppercoin isn't a bearer payment. It's a bunch of bounced checks with a lottery to see which one gets paid. Like checks, it depends on very strong identity. Thus not bearer in the least. Ask Rivest, he'll tell ya the same. They really should have sold to PayPal before they got bought by eBay, but that's another story. Cheers, RAH Peppercoin isn’t a bearer payment. It’s a bunch of bounced checks with a lottery to see which one gets paid. Like checks, it depends on very strong identity. Thus not bearer in the least.
Ask Rivest, he’ll tell ya the same. They really should have sold to PayPal before they got bought by eBay, but that’s another story.
Cheers,
RAH

]]> http://emergentchaos.com/archives/2007/04/micropayments-company-bought-or-is-that-sold.html/comment-page-1#comment-3529 Nicko Tue, 17 Apr 2007 13:50:24 +0000 http://emergentchaos.com/?p=2323#comment-3529 <i>'Supposedly, they bought Peppercoin because it will "increase consumer 'stickiness' and brand affinity" and "increase average ticket price more than 12%."'</i> That's not what the press release says at all! It says that <i>"Chockstone's restaurant, convenience store and retail loyalty programs have proven to:... Increase consumer 'stickiness' and brand affinity [and] Increase average ticket price more than 12%"</i>. That's a totally different proposition. It should also be noted that Peppercoin haven't been in the business of bearer micropayments for a while. As far as I can tell all they do these days is have interesting reporting tools for your purchasing history keyed off of the hash of your credit card number. ‘Supposedly, they bought Peppercoin because it will “increase consumer ‘stickiness’ and brand affinity” and “increase average ticket price more than 12%.”‘
That’s not what the press release says at all! It says that “Chockstone’s restaurant, convenience store and retail loyalty programs have proven to:… Increase consumer ‘stickiness’ and brand affinity [and] Increase average ticket price more than 12%”. That’s a totally different proposition.
It should also be noted that Peppercoin haven’t been in the business of bearer micropayments for a while. As far as I can tell all they do these days is have interesting reporting tools for your purchasing history keyed off of the hash of your credit card number.

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