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Thursday, August 23, 2007 9:29:24 AM
as you know, in one of Paul's recent emails, he talks about the idea of an ebay for the mega-rich to swap securities.
he also mentions the fact that the futures market alone is a multi-trillion dollar industry
Ebay transactions total in the neighborhood of 10's of billions each year
While Spooz would not be the Ebay in this case, they could certainly play the role of Paypal, which I think has done pretty well for itself by enabling ebay to carry out its transactions efficiently.
of course, this is all based on speculative interpretation of Paul's email, which he tagged with a nice disclaimer at the end
glty
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
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