Sunday, May 30, 2010

One Star Rating for Referring to Telex

Someone gave my book a one-star rating for failing to please.  Strange, when one can read the entire book in preview before buying.  A particular complaint was that I talked about telex machines.  But they are still used by banks, govts and some businesses, although as communication alternatives for first world countries, and primary communication for 2nd and 3rd world countries, usually relating to payments.   For the first world a telex can be used as an alternative messaging system if the net is down or to get past people snooping.  Sometimes first world banks need telexes to communicate with third world banks.  And a telex is legal proof in court (because of its confirmation system) whereas faxes, emails and whatever else is not.


Telexes are hybrid machine email events today... someone can send out a message on a telex machine and it can end up being received as an email, and vice versa.  to this day if you are trading with a third world country, a telex may be the thing.


1 comments:

Anonymous said...

And bills of lading are still "telex-released" to the importing party.