Web 2.0 Expo SF 2011: Osama Bedier

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Uploaded by on Mar 30, 2011

Osama Bedier (Google)

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  • Years ago it became all the rage outside of America to use a cell phone or Smart Phone to pay for something. Then a rash of crimes emerged where naive customers were robbed blind using this dangerous method of paying for goods or services. Now that same crap scheme has been shipped to America and the same thing is starting to happen here.

    Cash is king folks.

  • Piling all of your information and product into a single repository is dangerous. Using your cell phones, PDAs, SmartPhones, or other computing/communications devices as a payment scheme is also dangerous. What I foresee is the ground work for a single currency based on credits. No more cash. If you don't play ball you are excluded.

    No way in the world would I ever trust a scenario like this. GoogleWallet can be hacked in 18 minutes or less and ALL your money STOLEN in seconds!

  • basically we heard all that 3 years ago, still these kinda tech is not ready, it will need some more tiem, i would like to hear how they want to achieve that level of depth

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