[12928] in Cypherpunks
Re: Digital Cash
daemon@ATHENA.MIT.EDU (Jeff Davis)
Tue May 3 09:15:06 1994
To: Joe Thomas <jthomas@access.digex.net>
Date: Tue, 3 May 1994 06:10:33 -0700 (PDT)
From: Jeff Davis <eagle@deeptht.armory.com>
Cc: cypher <cypherpunks@toad.com>
In-Reply-To: <Pine.3.89.9405030856.A14127-0100000@access1.digex.net> from "Joe Thomas" at May 3, 94 08:41:45 am
>
> But this question comes up often enough that I'm afraid I'm missing
> something. Why would offline systems be more useful?
Anonymity. Digital Cash, in theory, works like Federal Reserve Notes.
Financial transactions can be carried out between individuals with out
a bank as an intermediary. Therefore, there is no record of the
transaction. One doesn't have to smear one's fingerprints all over
cyberspace to buy a used bicycle for their child or pay off a Super
Bowl bet.
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