[46555] in Cypherpunks
Re: Starting an e-cash bank
daemon@ATHENA.MIT.EDU (Ian Goldberg)
Fri Jan 5 10:37:54 1996
To: cypherpunks@toad.com
From: iagoldbe@calum.csclub.uwaterloo.ca (Ian Goldberg)
Date: 5 Jan 1996 10:27:08 -0500
Reply-To: iang@cs.berkeley.edu
In article <v02120d1fad11eb9da339@[192.0.2.1]>,
Lucky Green <shamrock@netcom.com> wrote:
>Besides, wherer users get the Ecash from, be it by putting money into their
>account at MT or buying it from you doesn't matter. They still need an
>account with MT.
Huh? Why? If I'm an ecash seller, I take a customer's paper money,
withdraw ecash from _my_ MT account, give the ecash to the customer
(_not_ a payment: I just give him the coin -- the pair (n,f(n)^(1/h)))
and the customer is free to use it at will. It's Digicash's slogan:
the numbers _are_ the money.
- Ian
