Mobile Technology For Virtual Economy

Posted: 01-11-2005, 04:36 PM

neo

Posts: n/a

Once I had emergency and I was in dire need of money, even to buy food.
I called my family, they had to arrange money and it took time to
travel. I had to sleep hungry.

Now I have cell phone. I can buy recharge voucher anywhere and recharge
my account. And talk to my family.

Right now, my cell phone shows Rs.104.90 balance. I think, if my
brother is in emergency of money, I should be allowed to transfer, say,
Rs.50/- out of my balance to my brother's cell phone. My SIM card is
that of idea company. If there is idea company office nearby to my
brothers location, my brother can show that Rs.50/- are transferred
from my mobile no. 'X' to my brother's mobile no. 'Y'. Also as I have
transferred money through idea company network, they have record of
transfer. They can ascertain my brother's claim and their record. If
transfer is valid, that idea company office should pay Rs.50/- to my
brother.

Of course, idea company can charge some money for this transfer. I
don't have any objection.

This way, any one can transfer money anytime, from anywhere, be it sea,
air, desert, jungle.

Gradually, physical currency can be completely eliminated. I have some
ideas about secured transfer of money. But why not start through cell
phones?

- neo

Responses to "Mobile Technology For Virtual Economy"

BruceR

Posts: n/a

Re: Mobile Technology For Virtual Economy

Posted: 01-11-2005, 07:35 PM

Interesting idea if fraud concerns can be handled. I don't know if the
cell network is secure enough to support that, but it's possible. BTW,
which carriers have you found that support service at sea, or in the
air. jungle or desert?

From:neo
Abhijeet_B_Patil@hotmail.com

> Once I had emergency and I was in dire need of money, even to buy
> food. I called my family, they had to arrange money and it took time
> to travel. I had to sleep hungry.
>
> Now I have cell phone. I can buy recharge voucher anywhere and
> recharge my account. And talk to my family.
>
> Right now, my cell phone shows Rs.104.90 balance. I think, if my
> brother is in emergency of money, I should be allowed to transfer,
> say, Rs.50/- out of my balance to my brother's cell phone. My SIM
> card is that of idea company. If there is idea company office nearby
> to my brothers location, my brother can show that Rs.50/- are
> transferred from my mobile no. 'X' to my brother's mobile no. 'Y'.
> Also as I have transferred money through idea company network, they
> have record of transfer. They can ascertain my brother's claim and
> their record. If transfer is valid, that idea company office should
> pay Rs.50/- to my brother.
>
> Of course, idea company can charge some money for this transfer. I
> don't have any objection.
>
> This way, any one can transfer money anytime, from anywhere, be it
> sea, air, desert, jungle.
>
> Gradually, physical currency can be completely eliminated. I have some
> ideas about secured transfer of money. But why not start through cell
> phones?
>
> - neo

neo

Posts: n/a

Re: Mobile Technology For Virtual Economy

Posted: 01-13-2005, 01:28 PM

BruceR wrote:
> Interesting idea if fraud concerns can be handled. I don't know if
the
> cell network is secure enough to support that, but it's possible.
BTW,
> which carriers have you found that support service at sea, or in the
> air. jungle or desert?

How about this:

I am somewhere in dessert or jungle with just my cell phone. I feel
like listening my favourite hindi song, "dil to hai dil". What I did
that I searched song number, say H-16180, of this song on my cell
phone. I sent song number to a server somewhere located on earth. And
my cell phone began to play my favourite song.

No need to carry lot of CDs, CD player, radio everywhere. Just call a
server through your cell phone. Send song number and listen the
favourite song anywhere, anytime!

Of course, the people who maintain the server can charge me few dollars
for a month.

Again, you would ask, who would carry my signal in desert? Yes, this is
problem. But I believe that problem cannot exist without solution.

- neo
>
> From:neo
> Abhijeet_B_Patil@hotmail.com
>
> > Once I had emergency and I was in dire need of money, even to buy
> > food. I called my family, they had to arrange money and it took
time
> > to travel. I had to sleep hungry.
> >
> > Now I have cell phone. I can buy recharge voucher anywhere and
> > recharge my account. And talk to my family.
> >
> > Right now, my cell phone shows Rs.104.90 balance. I think, if my
> > brother is in emergency of money, I should be allowed to transfer,
> > say, Rs.50/- out of my balance to my brother's cell phone. My SIM
> > card is that of idea company. If there is idea company office
nearby
> > to my brothers location, my brother can show that Rs.50/- are
> > transferred from my mobile no. 'X' to my brother's mobile no. 'Y'.
> > Also as I have transferred money through idea company network, they
> > have record of transfer. They can ascertain my brother's claim and
> > their record. If transfer is valid, that idea company office should
> > pay Rs.50/- to my brother.
> >
> > Of course, idea company can charge some money for this transfer. I
> > don't have any objection.
> >
> > This way, any one can transfer money anytime, from anywhere, be it
> > sea, air, desert, jungle.
> >
> > Gradually, physical currency can be completely eliminated. I have
some
> > ideas about secured transfer of money. But why not start through
cell
> > phones?
> >
> > - neo

neo

Posts: n/a

Re: Mobile Technology For Virtual Economy

Posted: 01-13-2005, 01:41 PM

neo wrote:
> BruceR wrote:
> > Interesting idea if fraud concerns can be handled. I don't know if
> the
> > cell network is secure enough to support that, but it's possible.
> BTW,
> > which carriers have you found that support service at sea, or in
the
> > air. jungle or desert?

>
> How about this:
>
> I am somewhere in dessert or jungle with just my cell phone. I feel
> like listening my favourite hindi song, "dil to hai dil". What I did
> that I searched song number, say H-16180, of this song on my cell
> phone. I sent song number to a server somewhere located on earth. And
> my cell phone began to play my favourite song.
>
> No need to carry lot of CDs, CD player, radio everywhere. Just call a
> server through your cell phone. Send song number and listen the
> favourite song anywhere, anytime!
>
> Of course, the people who maintain the server can charge me few
dollars
> for a month.
>
> Again, you would ask, who would carry my signal in desert? Yes, this
is
> problem. But I believe that problem cannot exist without solution.

Wait... I forgot this.

I want to watch a news, movie, match on TV in that dessert. I pressed
few buttons and I could watch it on cell phone screen. I want to surf
internet in dessert and yes, I could do it.

Communication, money, information, entertainment everything in cell
phone in your pocket.

Am I dreaming?

- neo

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