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Re: E-cash and Interest
On Wed, 10 Jan 1996, Tim Philp wrote:
> I think that you have hit the nail on the head. Money could still 'earn'
> interest until it is spent. The 'bank' still has the 'real' money. In
NO! money could still earn interest untill it is _withdrawn_. This
includes withdrawals from MTB accounts into the Mint. Coz ecash in any
form (whether in the mint or in the HDD) is equivalent to cash. And cash
(by definition) cant earn interest.
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