[13360] in Cypherpunks
Re: Virtual Cash
daemon@ATHENA.MIT.EDU (Phil G. Fraering)
Sat May 7 15:41:48 1994
Date: Sat, 7 May 1994 14:37:59 -0500
From: pgf@srl06.cacs.usl.edu (Phil G. Fraering)
To: hughes@ah.com
Cc: cypherpunks@toad.com
In-Reply-To: <9405030542.AA28008@ah.com> (hughes@ah.com)
Denominate digital money in dollars in a demand deposit account in a
US bank.
Why reinvent the wheel, or, in this case, the unit of value?
Eric
Uh, because then it could be inflated out of existance by
the Powers That Be?
Phil
