[42505] in Cypherpunks
Re: Digicash will not fly (not)
daemon@ATHENA.MIT.EDU (M. F. (Pat) Sprague)
Mon Oct 30 00:50:12 1995
Date: Sun, 29 Oct 1995 21:41:38 -0800
To: cypherpunks@toad.com
From: msprague@owens.ridgecrest.ca.us (M. F. (Pat) Sprague)
"James A. Donald" <jamesd@echeque.com wrote:
>While Chaum is a brilliant cryptographer, he is an incompetent businessman
>
>He has demonstrated this in numerous ways.
>
>The latest being "Cash" where the bank skims off 4% to 10% every time.
>
>No one is going to use digicash under these kinds of terms and
>conditions.
Doesn't just about everyone do precisely this when they pay sales tax?
Every time a buck arrives or departs a hand one pays a tax yet the system (you and I)continues accepting these terms albeit painfully.
> ---------------------------------------------------------------------
> |
>We have the right to defend ourselves | http://www.jim.com/jamesd/
>and our property, because of the kind |
>of animals that we are. True law | James A. Donald
>derives from this right, not from the |
>arbitrary power of the state. | jamesd@echeque.com
