[14269] in Cypherpunks
Re: ecash Press Release
daemon@ATHENA.MIT.EDU (Perry E. Metzger)
Fri May 27 07:19:34 1994
To: Rolf Michelsen <Rolf.Michelsen@delab.sintef.no>
Cc: cypherpunks@toad.com
In-Reply-To: Your message of "Fri, 27 May 1994 09:01:43 +0200."
<Pine.3.88.9405270819.C23228-0100000@svme.er.sintef.no>
Reply-To: perry@imsi.com
Date: Fri, 27 May 1994 07:15:49 -0400
From: "Perry E. Metzger" <perry@imsi.com>
Rolf Michelsen says:
> Before you get too enthusiastic remember that electronic cash is not
> legal tender
I have to mention, yet again, that this sort of phrasing is a product
of the notion that digital cash is somehow a currency. It is not. It
is an anonymous money transfer method. Saying "digicash is not legal
tender" is sort of meaningless -- the real question is "is the
currency being transfered legal tender".
Perry
