[45721] in Cypherpunks
Digicash and capital adequacy
daemon@ATHENA.MIT.EDU (Simon Spero)
Thu Dec 21 02:55:56 1995
Date: Wed, 20 Dec 1995 22:58:32 -0800 (PST)
From: Simon Spero <ses@tipper.oit.unc.edu>
To: cypherpunks@toad.com
This came out of a corridor discussion yesterday as to how digicash
would affect future banking systems:
How does digicash interact with capital adequacy requirements? Should each
digi-dollar issued require a corresponding hunk'o'assets in the customers
account, or should the bank be able to issue digicash using existing
rules? Digicash can have a much faster velocity than real cash, so I can
sort of imagine their being periods where adequacy limits could be exceeded.
What's the panels view?
Simon
p.s.
I got to see the movie "Hackers" while I was sick in bed after WWW
IV. The movie was pretty bogus, but the soundtrack was pretty
cool. The wonderful movie website had nothing about any soundtrack
albums; anyone know if there was one?
