Re: Why Digital Cash is Not Being Used

["Perry E. Metzger" <perry@snark.imsi.com>]

Jim Miller says:
> 
> Michael V. Caprio Jr. asks:
> 
> > So what is the natural currency to trade in on the Internet?
> 
> Instead of charging for information, charge for time.  You lose  
> control of the information you sell, but you never lose control of  
> the time you sell.  People with spare time could perform services in  
> exchange for Tacky Tokens.

Currency needs to be fungible -- your time and my time and the time of
a brain surgeon are not the same. Furthermore, I can't verify that you
are actually giving me your time. It would be a nightmare.

The natural currency today is the U.S. Dollar, as transfered via
digicash.

Perry