[47438] in Cypherpunks
RE: underground digital economy
daemon@ATHENA.MIT.EDU (Kurt Buff (Volt Comp))
Wed Jan 17 21:08:11 1996
From: "Kurt Buff (Volt Comp)" <a-kurtb@microsoft.com>
To: "cypherpunks@toad.com" <cypherpunks@toad.com>,
"Jim_Miller@bilbo.suite.com" <Jim_Miller@bilbo.suite.com>
Date: Wed, 17 Jan 1996 17:48:30 -0800
Certainly. There are a couple of ways, but all one needs is some sort of
gateway to an e-cash, which is simply e-money without identification. The
gateway could take the form of a human intermediary, with either services or
physical goods being the medium of exchange, or simply an exchange server
which takes a cut off the top, as happens in the street all the time in
countries that have currency restrictions.
Kurt
----------
From: jim@bilbo.suite.com[SMTP:jim@bilbo.suite.com]
Sent: Wednesday, January 17, 1996 14:39
To: cypherpunks@toad.com
Subject: underground digital economy
Question:
The existing underground economy uses the same money as the aboveground
economy (i.e. paper money, for the most part). Could a significant
underground digital economy develop if the aboveground digital economy
used only identified e-money?
Jim_Miller@suite.com
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