[43979] in Cypherpunks
Re: Bitbux could eliminate some domestic currencies?
daemon@ATHENA.MIT.EDU (Bill Frantz)
Mon Nov 27 02:44:01 1995
Date: Sun, 26 Nov 1995 23:38:48 -0800
To: John Gilmore <gnu@toad.com>, cypherpunks@toad.com
From: frantz@netcom.com (Bill Frantz)
At 12:21 11/23/95 -0800, John Gilmore wrote:
>>From a letter in [My dog, I mean my software, ate this part of the msg -- gnu]
>...
>"The importance of e-money replacing cash is greater than possible effects
>on exchange rates. Rather, it might make certain currencies to all intents
>and purposes disappear."
Gresham's law says that the bad money drives the good money out of
circulation. Does this mean that real cash is better than ecash ;-).
Bill
