[117553] in Cypherpunks
RE: The Chaum coding project
daemon@ATHENA.MIT.EDU (James Donald)
Sun Sep 5 22:28:06 1999
Message-Id: <199909060213.TAA05234@proxy3.ba.best.com>
Date: Sun, 05 Sep 1999 19:00:22 -0700
To: Robert Hettinga <rah@shipwright.com>, cypherpunks@cyberpass.net
From: James Donald <jamesd@echeque.com>
Cc: Digital Bearer Settlement List <dbs@philodox.com>
In-Reply-To: <v04210104b3de440203eb@[207.244.110.141]>
Mime-Version: 1.0
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Reply-To: James Donald <jamesd@echeque.com>
--
At 07:33 PM 8/16/1999 -0400, Robert Hettinga wrote:
> Since banks are the only place with money in them these days :-),
> and banks are complete creatures of the criminal, much less
> contract, law, you not only need the patent holders' permission to
> mint Chaumian money, you need the permission of the state
Even if banks were not wholly creatures of the state, it would still
be an stupid idea to base internet money on them, as if the Wright
brothers had gone to the railways for funding.
Since banking is a government enforced cartel, going to the banks to
introduce internet money is like teaching crocodiles vegetarianism
--digsig
James A. Donald
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Su3bzrQ8IkyrpFUkMaIAIMm18cqUSCyZPaeX/Gem
4FK1AajUYE6I/MSB6XLaNGe2kQkHE9mzFkG1airDq
