[12968] in Cypherpunks

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Re: Why Digital Cash is Not Being Used

daemon@ATHENA.MIT.EDU (Jim Miller)
Tue May 3 18:39:56 1994

From: jim@bilbo.toad.com (Jim Miller)
Date: Tue, 3 May 94 16:36:36 -0500
To: cypherpunks@toad.com
Reply-To: Jim_Miller@bilbo.suite.com


Michael V. Caprio Jr. asks:

> So what is the natural currency to trade in on the Internet?

Instead of charging for information, charge for time.  You lose  
control of the information you sell, but you never lose control of  
the time you sell.  People with spare time could perform services in  
exchange for Tacky Tokens.  These Tacky Token could then be exchanged  
for services performed by other people.  What kinds of services?   
Whatever people don't have time to do themselves.

Jim_Miller@suite.com

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