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Re: ecash Press Release

To: Rolf Michelsen <[email protected]>
Subject: Re: ecash Press Release
From: "Perry E. Metzger" <[email protected]>
Date: Fri, 27 May 1994 07:15:49 -0400
Cc: [email protected]
In-Reply-To: Your message of "Fri, 27 May 1994 09:01:43 +0200." <[email protected]>
Reply-To: [email protected]
Sender: [email protected]


Rolf Michelsen says:
> Before you get too enthusiastic remember that electronic cash is not 
> legal tender

I have to mention, yet again, that this sort of phrasing is a product
of the notion that digital cash is somehow a currency. It is not. It
is an anonymous money transfer method. Saying "digicash is not legal
tender" is sort of meaningless -- the real question is "is the
currency being transfered legal tender".

Perry

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