[45613] in Cypherpunks
Re: (fwd) Economics of Digital Money.
daemon@ATHENA.MIT.EDU (James A. Donald)
Tue Dec 19 11:20:44 1995
Date: Tue, 19 Dec 1995 07:40:58 -0800
To: rah@shipwright.com (Robert Hettinga), cypherpunks@toad.com
From: "James A. Donald" <jamesd@echeque.com>
> But electronic checking it is a substitute for
> conventional checking, it would just increase the
> speed of the transaction. From the economic standpoint,
> there is no difference in the dynamics of the checking
> process from normal checks
And email is no different from mail, right?
Wrong: When computer programs start spending money and receiving
money on behalf of their masters, we will see vast economic
changes.
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