Word: virtualization
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...have a beenz in your virtual pocket, maybe you should. beenz (the trademarked word is both singular and plural) are a new kind of money that circulates exclusively on the Internet. There are no beenz coins or beenz bills. The only place you can earn beenz is on the Web, and the Web is the only place you can spend them. beenz are the product of a company called Beenz.com that hopes to make them the currency of the Internet, and they may be the future of cash as we know it. In five years, says Beenz.com founder Charles Cohen...
...give beenz away as a means of rewarding customer loyalty, in exchange for personal information or as a reward to surfers for just showing up. Hence the name--"You get something just for having 'been' there," explains Beenz.com chairman and CEO Philip Letts. Among the sites that offer this virtual token of their esteem are Excite UK, Dash, FortuneCity and the Motley Fool. Then, once your virtual wallet is bulging, you can spend beenz at any of some 200 e-commerce sites that accept beenz as a form of payment, including Flooz, ishop, Jellybeenz Gifts and MP3.com There...
While the biggest hacker attack in Web history loomed like a tsunami on the virtual horizon last Monday, Alan Hannan was looking for nothing more dangerous than soda and cookies in a San Jose, Calif., hotel lobby. Like hundreds of techies who help keep the backbone of the Internet properly aligned, Hannan had spent the morning at the North American Network Operators' Group conference listening to a talk on something called denial-of-service (DOS) attacks. "I thought I knew about them well enough," says Hannan. "I didn't pay much attention. I wish...
...next three days were marked by serial slowdowns at some of the biggest sites on the Web: Amazon.com eBay, CNN.com (owned by Time Warner, parent company of TIME), ZDNet, ETrade, Excite. Like so many virtual vandals before him, the phantom foe clearly craved attention. He got it in the shape of a front-page media frenzy, a full-scale FBI investigation and a hastily convened White House conference on Web hacking. And yet he stubbornly refused to show up at his own party, prompting PC paranoia and all manner of conspiracy theories...
...which the American elite is changing right now seems quite clear. We are somewhere in the course of the greatest capitalist boom in our history. One result is that capitalists will make up our country's next elite. The credential you will have to present to enter that virtual room in which candidates for office are chosen, educational institutions run, foreign alliances forged and social arrangements set will not be family background or educational achievement. It will be having started a successful business and made a lot of money...