[105115] in Cypherpunks
RE: Digicash bankruptcy
daemon@ATHENA.MIT.EDU (Scott Loftesness)
Thu Nov 5 23:18:37 1998
From: "Scott Loftesness" <sjl@sjl.net>
To: "Phillip Hallam-Baker" <hallam@ai.mit.edu>,
"Robert Hettinga" <rah@shipwright.com>, <cypherpunks@cyberpass.net>,
<cryptography@c2.net>, <dcsb@ai.mit.edu>
Cc: "PhilAgre" <pagre@alpha.oac.ucla.edu>
Date: Thu, 5 Nov 1998 19:45:22 -0800
In-Reply-To: <002401be092a$35bb5b20$bf011712@games>
Reply-To: "Scott Loftesness" <sjl@sjl.net>
> Phillip Hallam-Baker
> Sent: Thursday, November 05, 1998 6:08 PM
> Subject: RE: Digicash bankruptcy
...
> Finaly I have difficulty regarding Digicash as being all that socially
> responsible. Chaum's problems had a lot to do with the business terms
> he insisted on. What he had was a technology which allowed an improvement
> to a payment system. He imagined he had a monopoly on the only feasible
> solution. He was very baddly mistaken. The monopoly rents he demanded
> were more than the market was willing to pay for a working and deployed
> system - let alone for a patent license.
Where does the "monopoly rents" comment come from?
In other words, on what basis are you making that statement?
Scott
