[53190] in Cypherpunks
Re: What backs up digital money?
daemon@ATHENA.MIT.EDU (Robert Hettinga)
Wed Apr 3 07:20:22 1996
Date: Tue, 2 Apr 1996 19:43:40 -0500
To: cypherpunks@toad.com
From: rah@shipwright.com (Robert Hettinga)
At 11:11 AM 4/2/96, Hal <hfinney@shell.portal.com> wrote:
> I am curious to know why you say that ecash is not a currency. One of
> the main points of my original posting was to challenge this view.
I'd like a shot at this...
I sort of blurted this at the coin-BOF at CFP96, and I think I'll still own
up to it, viz,
When money finally goes onto the net, and never comes back, the digital
bearer certificates we call ecash will be a currency. Until then, it's just
a script.
Or is it an interestless bond? ;-).
Cheers,
Bob Hettinga
-----------------
Robert Hettinga (rah@shipwright.com)
e$, 44 Farquhar Street, Boston, MA 02131 USA
"Reality is not optional." --Thomas Sowell
The e$ Home Page: http://thumper.vmeng.com/pub/rah/
