[11872] in Commercialization & Privatization of the Internet
Re: Digital Cash
daemon@ATHENA.MIT.EDU (Kenn Krasner)
Fri Apr 22 13:11:15 1994
Date: Fri, 22 Apr 1994 08:15:29 -0400 (EDT)
From: Kenn Krasner <kkrasner@ritz.mordor.com>
To: Doug Luce <doug@telerama.lm.com>
Cc: "Glenn S. Tenney" <tenney@netcom.com>, com-priv@psi.com
In-Reply-To: <Pine.3.89.9404211922.U318-0100000@terrazzo.lm.com>
Cash or specie has no ownership other than the pocket it is in at the
moment. Visa offers the option of using *their* money (not cash) to buy
things and then having it replaced by money (or cash or negotiable
instument like a check which is also not cash) from the purchaser.
CASH has no owner. Negotiable instuments like checks or MO's do.
<< Kenn >>
Feel free to correct me if I'm wrong... it wouln't be the first time! :->
