[12969] in Cypherpunks
Re: Digital Cash
daemon@ATHENA.MIT.EDU (Perry E. Metzger)
Tue May 3 18:47:33 1994
To: rah@tiac.net (Robert Hettinga, Shipwright Development Corp.)
Cc: cypherpunks@toad.com
In-Reply-To: Your message of "Tue, 03 May 1994 15:36:03 CDT."
<199405031932.PAA01647@zork.tiac.net>
Reply-To: perry@imsi.com
Date: Tue, 03 May 1994 18:40:37 -0400
From: "Perry E. Metzger" <perry@snark.imsi.com>
Robert Hettinga, Shipwright Development Corp. says:
> Is it possible to see instantaneous settlement happen in the financial
> markets with digital cash?
In theory, yes, although one would also need to move all securities
being traded to book entry or "digital bearer certificates".
Presumably the current securities laws would require some changes.
This of course has the potential to dramatically lower transaction
costs in these markets.
Perry
