Forbes contributor Jon Matonis (@JonMatonis) weighs in on the buzz over the “dongle explosion” seen recently. Excerpts:
“Apparently, [a card swipe dongle] passes for financial innovation in mobile payments but I file it under the ‘not-disruptive-enough’ category. Truly-disruptive financial innovation is already here with decentralized bitcoin. And, bitcoin doesn’t need a dongle!” “The real action is taking place with solutions that route around the legacy networks by replacing the unit of account, or numéraire”. “Bitcoin certainly has a slot in the digital mobile wallet of the future. Frictionless mobile phone remittances to a worker’s home country, such as Africa, may just be the killer app for bitcoin. I’m sorry but fancier buggy whips and dongles are not disruptive.”
Is it 2012? Yes, it is, but in Sanford, Florida (near Orlando), the clock winds back to the days of Deep South Justice. Unarmed 17-year-old Trayvon Martin was hunted down and gunned down for the heinous crime of “carrying Skittles while black.” Charles Blow, in the NYT: Trayvon had left the house he and his father were visiting to walk to the local 7-Eleven. On his way back, he caught the attention of George Zimmerman, a 28-year-old neighborhood watch captain, who was in a sport-utility vehicle. Zimmerman called the police because the boy looked “real suspicious,” according to a 911 call released late Friday. The operator told Zimmerman that officers were being dispatched and not to pursue the boy. Zimmerman apparently pursued him anyway, at some point getting out of his car and confronting the boy. Trayvon had a bag of Skittles and a can of iced tea. Zimmerman had a 9 millimeter handgun.