[12983] in Cypherpunks
Why Digital Cash is Not Being Used
daemon@ATHENA.MIT.EDU (Eric Hughes)
Tue May 3 22:16:03 1994
Date: Tue, 3 May 94 19:09:42 -0700
From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
In-Reply-To: Jim Miller's message of Tue, 3 May 94 18:12:38 -0500 <9405032314.AA04521@bilbo.suite.com>
>> Currency needs to be fungible -- your time and my time and
>> the time of a brain surgeon are not the same.
>I see that my post was ambiguous. I didn't mean that "time" would be
>the currency, rather, "time" would be the "good" purchased.
There _are_, however, systems which have been denominated in units of
15 minutes of labor. (I've seen the scrip.) The misunderstanding is
not unfounded.
Eric
