[79536] in Cypherpunks
Re: digital cc transactions, digital checks vs real digital cash
daemon@ATHENA.MIT.EDU (Robert Hettinga)
Mon May 5 09:46:17 1997
In-Reply-To: <v03007800af92941551bd@[207.167.93.63]>
Date: Sun, 4 May 1997 19:13:34 -0400
To: cypherpunks@cyberpass.net
From: Robert Hettinga <rah@shipwright.com>
Reply-To: Robert Hettinga <rah@shipwright.com>
At 3:37 pm -0400 on 5/4/97, Tim May wrote:
> So, I could use my VISA card to buy a geodesic dome in this geodesic
> economy. Not that I'd want to.
No you couldn't. If you wanted to. :-).
In a geodesic economy, things will settle for bearer cash, unless you
borrow money to pay for them, and even then the loan will be a bearer
certificate loan, and not a book-entry loan like a VISA card is.
Ignoring for the time being that you're using a floatless "loan" when you
buy something with a VISA card...
Cheers,
Bob Hettinga
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