[12909] in Cypherpunks
Virtual Cash
daemon@ATHENA.MIT.EDU (Eric Hughes)
Tue May 3 01:48:10 1994
Date: Mon, 2 May 94 22:42:15 -0700
From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
In-Reply-To: "Mark W. Eichin"'s message of Mon, 2 May 94 22:46:33 -0400 <9405030246.AA01186@paycheck.cygnus.com>
>[...] but noone (as far as I've
>seen) has come up with an "economic model" within which they could use
>them.
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
