[46903] in Cypherpunks
Re: E-cash and Interest
daemon@ATHENA.MIT.EDU (jim bell)
Wed Jan 10 12:28:58 1996
Date: Wed, 10 Jan 1996 09:10:33 -0800
To: Tim Philp <bplib@wat.hookup.net>
From: jim bell <jimbell@pacifier.com>
Cc: cypherpunks@toad.com
At 08:20 AM 1/10/96 -0500, you wrote:
>
>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.
I think there is another way of looking at the ecash/interest situation:
From upside down, so to speak. If the USE of Ecash avoids (legally or
illegally) income or sales taxes, that constitutes an "interest," in an odd
sort of way. Not "real" interest, of course, but the next best thing.
