1994-05-03 - Re: Virtual Cash

Header Data

From: “Mark W. Eichin” <eichin@paycheck.cygnus.com>
To: PMARKS@VAX1.UMKC.EDU
Message Hash: 31b6790750573ea734db11add0bcb7f55135bd4b517bb7208d787bf2229164e3
Message ID: <9405030246.AA01186@paycheck.cygnus.com>
Reply To: <01HBVH60HBWC8WZV7M@VAX1.UMKC.EDU>
UTC Datetime: 1994-05-03 04:01:05 UTC
Raw Date: Mon, 2 May 94 21:01:05 PDT

Raw message

From: "Mark W. Eichin" <eichin@paycheck.cygnus.com>
Date: Mon, 2 May 94 21:01:05 PDT
To: PMARKS@VAX1.UMKC.EDU
Subject: Re: Virtual Cash
In-Reply-To: <01HBVH60HBWC8WZV7M@VAX1.UMKC.EDU>
Message-ID: <9405030246.AA01186@paycheck.cygnus.com>
MIME-Version: 1.0
Content-Type: text/plain



> But it sounds like "vitual money."  I would like to see a description of the 
> model for this.  Sounds like a form of barter-script.  

One reason they haven't caught on is that there *isn't* a model. There
is software (cypherpunks write code! :-) to implement banks and
exchange coins (the tacky tokens themselves) but noone (as far as I've
seen) has come up with an "economic model" within which they could use
them. (In spite of perry's objections, the economic discussions *are*
relevant here...  many readers seem to not understand the complexities
of money systems, without which *using* e-cash won't be practical, so
we need some major cross-breeding here.)
							_Mark_

Thread

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• 1994-05-02 (Mon, 2 May 94 16:54:49 PDT) - Virtual Cash - PMARKS@VAX1.UMKC.EDU
  • 1994-05-03 (Mon, 2 May 94 21:01:05 PDT) - Re: Virtual Cash - “Mark W. Eichin” <eichin@paycheck.cygnus.com>
    • 1994-05-03 (Mon, 2 May 94 22:01:21 PDT) - Re: Virtual Cash - Adam Shostack <adam@bwh.harvard.edu>
      • 1994-05-03 (Mon, 2 May 94 23:11:45 PDT) - Re: Virtual Cash - Eli Brandt <ebrandt@jarthur.cs.hmc.edu>
        • 1994-05-03 (Mon, 2 May 94 23:47:13 PDT) - Re: Virtual Cash - “Christian D. Odhner” <cdodhner@indirect.com>
          • 1994-05-03 (Tue, 3 May 94 05:31:09 PDT) - Re: Virtual Cash - Joe Thomas <jthomas@access.digex.net>
          • 1994-05-03 (Tue, 3 May 94 10:11:09 PDT) - Virtual Cash - hughes@ah.com (Eric Hughes)
    • 1994-05-03 (Mon, 2 May 94 22:44:53 PDT) - Virtual Cash - hughes@ah.com (Eric Hughes)
      • 1994-05-03 (Tue, 3 May 94 06:27:26 PDT) - Re: Virtual Cash - “Istvan Oszaraz von Keszi” <vkisosza@acs.ucalgary.ca>
        • 1994-05-03 (Tue, 3 May 94 10:23:08 PDT) - Virtual Cash - hughes@ah.com (Eric Hughes)
    • 1994-05-03 (Tue, 3 May 94 04:18:03 PDT) - Re: Virtual Cash - “Perry E. Metzger” <perry@snark.imsi.com>