From: "James A. Donald" <jamesd@echeque.com>
Date: Tue, 19 Dec 95 07:58:08 PST
To: cypherpunks@toad.com
Subject: Re: (fwd) Economics of Digital Money.
Message-ID: <199512191557.HAA20962@blob.best.net>
MIME-Version: 1.0
Content-Type: text/plain


> 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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