[42507] in Cypherpunks
Re: Digicash will not fly (not)
daemon@ATHENA.MIT.EDU (Black Unicorn)
Mon Oct 30 02:23:39 1995
Date: Mon, 30 Oct 1995 02:16:07 -0500 (EST)
From: Black Unicorn <unicorn@polaris.mindport.net>
To: "M. F. (Pat) Sprague" <msprague@owens.ridgecrest.ca.us>
Cc: cypherpunks@toad.com
In-Reply-To: <199510300544.VAA12448@owens.ridgecrest.ca.us>
On Sun, 29 Oct 1995, M. F. (Pat) Sprague wrote:
> "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.
Unfortunately, now with digicash purchases you pay BOTH the sales tax AND
the banks (extortionate) cut.
>
>
> > ---------------------------------------------------------------------
> > |
> >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
>
>
>
>
>
---
"In fact, had Bancroft not existed, potestas scientiae in usu est
Franklin might have had to invent him." in nihilum nil posse reverti
00B9289C28DC0E55 E16D5378B81E1C96 - Finger for Current Key Information
