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From: gnu@l5.uucp (John Gilmore)
Newsgroups: net.invest,net.micro.pc
Subject: Re: Home banking via UNIX (and market sense!)
Message-ID: <339@l5.uucp>
Date: Sun, 15-Dec-85 06:45:21 EST
Article-I.D.: l5.339
Posted: Sun Dec 15 06:45:21 1985
Date-Received: Tue, 17-Dec-85 03:57:55 EST
References: <163@pyuxv.UUCP>, <331@houxs.UUCP> <165@pyuxv.UUCP>
Organization: Nebula Consultants in San Francisco
Lines: 28
Xref: watmath net.invest:949 net.micro.pc:6231

In article <165@pyuxv.UUCP>, craig@pyuxv.UUCP writes:
> >>        What a shock.  I was under the impression that AT&T played some
> >>historical role in the development of modems.
> >
> >I don't know that recognition of anyone's historical role was an important
> >motivation in the development of Spectrum.
> >
> >The 4000 did not exist when the Spectrum software was developed.  Furthermore
> >it is not Hayes compatible.
> 
> What is so precious about Hayes compatibility...
> Who elected them the 'IBM' of modems in the world at large!

I know it's rough for you AT&T guys to realize that you don't set the
standards any more, but "the market" (not the one this newsgroup is
for -- no flames please) elected Hayes.  They put out a good product
that ran rings around the AT&T modems (dialer?  that takes a separate
box, with a separate interface, and odd software support.)  While they
might not have invented dial-over-the-RS232-link, they recognized it
as a great idea, which AT&T is only now doing (in response).

Flames by mail please, *no further followups to net.invest*.  I'm at
ihnp4!l5!gnu.

It does sound odd that these banks would make something you can't call
up from a dumb terminal.  Maybe they think it will keep the hackers out.
It certainly keeps me out, though I don't see much use in paying $5/mo
when postage is only 22c.