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Re: What backs up digital money?
At 11:11 AM 4/2/96, Hal <[email protected]> wrote:
> I am curious to know why you say that ecash is not a currency. One of
> the main points of my original posting was to challenge this view.
I'd like a shot at this...
I sort of blurted this at the coin-BOF at CFP96, and I think I'll still own
up to it, viz,
When money finally goes onto the net, and never comes back, the digital
bearer certificates we call ecash will be a currency. Until then, it's just
a script.
Or is it an interestless bond? ;-).
Cheers,
Bob Hettinga
-----------------
Robert Hettinga ([email protected])
e$, 44 Farquhar Street, Boston, MA 02131 USA
"Reality is not optional." --Thomas Sowell
The e$ Home Page: http://thumper.vmeng.com/pub/rah/