Ted's Take

A nice read here.

I like it. These kinds of articles are good inspiration for our team.

Wow. This is a great honor for Buddy Squires, the DP on our film Nanking. He is so talented, so hands-on, and so driven to make each and every shot count. This award is so well-deserved.

Thank you. This is a really humbling nomination for us. Wish us luck.

Check it out.

As I have read through the press clippings and blog postings on Revolution Money and our launch of last week, it is apparent that some of the media and some in the blogosphere have not internalized that we are a consumer company NOT a business to business company. Let me explain.

 The basic premise for the founding of this company was to answer this question: "Why in a world of decreasing prices for computing power, storage, transport, network and software are interchange charges going up?" A payments platform - whether online for consumers or offline - in the real world for merchants is basically a private Internet and with the driving theorem of Moore’s Law, interchange costs should be going DOWN until they are eliminated totally. That is the world that many of us have lived in on the web over the last 15 years. So, traditionally, if you conduct a transaction online and you wish to take your money out, you are charged a tax in terms of the number of days it takes for you to get your cash as the provider usually plays the float and sends you a check 21 to 30 days later. Then they take a fee out of your cash for processing and at times those fees can span from 2 percent to 8 percent. We want to make person to person money exchange as ubiquitous as instant messaging or social networks. And to stimulate it, we aren