[12944] in Cypherpunks
Virtual Cash
daemon@ATHENA.MIT.EDU (Eric Hughes)
Tue May 3 13:21:14 1994
Date: Tue, 3 May 94 10:08:37 -0700
From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
In-Reply-To: "Christian D. Odhner"'s message of Mon, 2 May 1994 23:48:20 -0700 (MST) <Pine.3.89.9405022318.A4536-0100000@id1.indirect.com>
>I would be willing to pay 5% upon receipt of the digicash, and possibly
>some smaller fee upon redemption. A random individual? None at all.
And a business? They'd laugh.
For any system of digital cash to take off, it must be economical to use.
Since credit card rates cost business 2 1/2% - 4%, digital cash must
be more efficient in real terms in order to succeed.
Eric
