[12946] in Cypherpunks
Virtual Cash
daemon@ATHENA.MIT.EDU (Eric Hughes)
Tue May 3 13:29:00 1994
Date: Tue, 3 May 94 10:20:37 -0700
From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
In-Reply-To: "Istvan Oszaraz von Keszi"'s message of Tue, 3 May 94 7:29:41 MDT <9405031329.AA44821@acs5.acs.ucalgary.ca>
>> Denominate digital money in dollars in a demand deposit account in a
>> US bank.
>Exactly, digital money must be fungible, with some other unit of
>value. But limiting it to USD, is not the way to go.
Any pre-existing national currency will do. My point was abbreviated
for clarity.
Eric
