Are saying that a bank has nothing to gain or lose when I transfer money
away from them to another bank? They do not do it for free. They do exchange
money for the service they provide; otherwise there would be no bank. I pay
my bank to hold my money and handle transactions. That is the service. If I
decide to move all of my money to a new bank, I will no longer pay my old
bank for this service.
What you seem to be suggesting is that some overall banking authority should
handle all transactions so that there is no conflict of interest.
DM Support
-----Original Message-----
From: owner-discuss-list@opensrs.org [mailto:owner-discuss-list@opensrs.org]
On Behalf Of Roger B.A. Klorese
Sent: Thursday, January 20, 2005 8:10 AM
To: 7 List
Cc: discuss-list@opensrs.org
Subject: Re: Domain security a registry issue (WAS: Re: More Stolen Domains
-- not FUD)
7 List wrote:
>In what other industry do you think this is being done properly?
>Banks certainly do their own authentication and authorization.
>
>
>
Banks have nothing to gain by deliberately failing or fraudulently
attempting a transaction. Further, they're not exchanging money for a
product or service -- the money is the product or service.
This archive was generated by hypermail 2.1.3 : Mon Jan 31 2005 - 23:00:02 EST