[46384] in Cypherpunks
Re: Starting an e-cash bank
daemon@ATHENA.MIT.EDU (Alex Strasheim)
Wed Jan 3 14:39:57 1996
From: Alex Strasheim <cp@proust.suba.com>
To: jk@digit.ee (Jyri Kaljundi)
Date: Wed, 3 Jan 1996 13:25:26 -0600 (CST)
Cc: cypherpunks@toad.com
In-Reply-To: <Pine.SOL.3.91.960103204303.5486B-100000@jaramillo.digit.ee> from "Jyri Kaljundi" at Jan 3, 96 08:53:55 pm
> What does it take to be called a bank?
Is it necessary to be called a bank? I've got a storefront in Chicago.
What would prevent me from opening up a Mark Twain account and buying and
selling ecash on floppies, in person? Do account holders have to agree
not to do that before Mark Twain gives them an account? Is it illegal?
The currency exchange model almost seems more appropriate for most users
than the bank model.
