[14261] in Cypherpunks
Re: ecash Press Release
daemon@ATHENA.MIT.EDU (Rolf Michelsen)
Fri May 27 03:14:28 1994
Date: Fri, 27 May 1994 09:01:43 +0200 (MET DST)
From: Rolf Michelsen <Rolf.Michelsen@delab.sintef.no>
Reply-To: Rolf Michelsen <Rolf.Michelsen@delab.sintef.no>
To: Jim_Miller@bilbo.suite.com
Cc: cypherpunks@toad.com
In-Reply-To: <9405262247.AA19880@bilbo.suite.com>
On Thu, 26 May 1994, Jim Miller wrote:
>
> > DIGICASH PRESS RELEASE
>
>
> I have a gut feel that this DigiCash(TM) system is going to become a
> *really big deal*. Real electronic cash, portable software-only solution,
> free client-side software: sounds like a winning combination. I'm
> excited.
Before you get too enthusiastic remember that electronic cash is not
legal tender which means that you will require some clearing system
behind this scheme providing conversion between a legal tender and
electronic cash before this is getting really useful. Without such a
system electronic cash is just prepaid "tokens" with the usability
similar to the "tokens" on telephone cards.
For those that thinks this will be "the end of the gouvernment": Who
do you think will be in control of this clearing system? Just asking ;-)
However I do think that this DigiCash stuff is a Good Thing -- certainly
better than mailing credit card numbers over the net :-)
-- Rolf
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Rolf Michelsen "Standards are wonderful --
Email: rolf.michelsen@delab.sintef.no everyone should have one"
Phone: +47 73 59 87 33 -- Ancient FORTH proverb
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