Skype Money

I previously expressed the idea that current private debt money dollars should become debt free public sovereign dollar money.

With that change perhaps our current and only sovereign public debt free money, our coins, become  the domain of private debt free money backed by an equal amount of public dollars.

Coins are now the monetary domain of anything less than a dollar.  When the coin sector of public money becomes the domain of private money, the range in which its operates would be redefined.  Perhaps anything less than a transaction payment of 100 dollars.

Today I updated Skype to find that Skype Credits could be used to pay for signing on to any of more than 200,000 public wfi sites that otherwise independently charge in whatever system they have established for wifi services.

While I think that anyone can still pay using the wifi provider's payment system, Skpe builds into its software the facility of single source payment for the provided wifi.  Somewhere in the Skype back office they obviously take their slice of the payment and pass on the rest to the wifi provider.

A fantastic business plan using a private money system!  Basically, they are capturing the payment market.  A wise decision on the part of the wifi provider will be simply to outsource the payment function to Skype.  Skype enhances the use of its system.

Perhaps this is an excellent example of operations in the small amount of money transaction domain that shoudd be established as free private enterprise money.  This is what money should do as a tool to enhance efficiency not only in the exchange of money but configuring the delivery of goods and services in the most efficient manner. 

As small amount transactions accumulate they migrate into the public money domain for transfer.  That enhances the function of the total money system.

A cycle therefore develops between public and private domains of money transactions.

Seems elegant and simple to me.

Functionally it is happening as businesses establish their own money systems and it is becoming a significant class of monetary system operation that needs to be integrated into the total money system of the nation.

Big money is now private money dollars.

Little money is now public money small change coins.

Reverse who owns private and public money and redefine the money amount below which money is called small change.