[47028] in Cypherpunks
Re: E-cash and Interest
daemon@ATHENA.MIT.EDU (Patiwat Panurach (akira rising))
Fri Jan 12 01:00:16 1996
Date: Fri, 12 Jan 1996 12:51:19 +0700 (GMT+0700)
From: "Patiwat Panurach (akira rising)" <pati@ipied.tu.ac.th>
To: Tim Philp <bplib@wat.hookup.net>
Cc: "Timothy C. May" <tcmay@got.net>, cypherpunks@toad.com
In-Reply-To: <Pine.OSF.3.91.960110080858.22386A-100000@nic.wat.hookup.net>
On Wed, 10 Jan 1996, Tim Philp 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
NO! money could still earn interest untill it is _withdrawn_. This
includes withdrawals from MTB accounts into the Mint. Coz ecash in any
form (whether in the mint or in the HDD) is equivalent to cash. And cash
(by definition) cant earn interest.
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Patiwat Panurach Whatever you can do, or dream you can, begin it.
eMAIL: pati@ipied.tu.ac.th Boldness has genius, power and magic in it.
m/18 junior Fac of Economics -Johann W.Von Goethe
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