From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
Message Hash: 3928562f0210729670226d29c1cd2e87d4ca11f94db82263973a683bb8a1257b
Message ID: <9404051937.AA10400@ah.com>
Reply To: <199404051837.LAA20193@netcom9.netcom.com>
UTC Datetime: 1994-04-05 19:49:32 UTC
Raw Date: Tue, 5 Apr 94 12:49:32 PDT
From: hughes@ah.com (Eric Hughes)
Date: Tue, 5 Apr 94 12:49:32 PDT
To: cypherpunks@toad.com
Subject: nsa digital cash?
In-Reply-To: <199404051837.LAA20193@netcom9.netcom.com>
Message-ID: <9404051937.AA10400@ah.com>
MIME-Version: 1.0
Content-Type: text/plain
>i doubt it will be long before there
>are some official government agencies developing the official u.s.
>digital cash system.
This statement betrays an enormous ignorance at the scale of Federal
involvement in retail transaction systems. The Fed operates Fedwire,
for moving federal funds around, and also does check clearing at the
national level. All the retail level transaction systems are in
private hands, be they ATM networks and consortia or the credit card
companies.
Eric
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