[46883] in Cypherpunks
Re: E-cash and Interest
daemon@ATHENA.MIT.EDU (Tim Philp)
Wed Jan 10 08:28:47 1996
Date: Wed, 10 Jan 1996 08:20:38 -0500 (EST)
From: Tim Philp <bplib@wat.hookup.net>
To: "Timothy C. May" <tcmay@got.net>
Cc: cypherpunks@toad.com
In-Reply-To: <ad18a27506021004effb@[205.199.118.202]>
I think that you have hit the nail on the head. Money could still 'earn'
interest until it is spent. The 'bank' still has the 'real' money. In
fact, it is an improvement over cash, in that you could still earn
interest on the money on your hard drive.
Thanks for the clarification.
Regards,
Tim Philp
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