From: hughes@ah.com (Eric Hughes)
Date: Tue, 3 May 94 19:12:07 PDT
To: cypherpunks@toad.com
Subject: Why Digital Cash is Not Being Used
In-Reply-To: <9405032314.AA04521@bilbo.suite.com>
Message-ID: <9405040209.AA00254@ah.com>
MIME-Version: 1.0
Content-Type: text/plain



>> Currency needs to be fungible -- your time and my time and
>> the time of a brain surgeon are not the same. 

>I see that my post was ambiguous.  I didn't mean that "time" would be  
>the currency, rather, "time" would be the "good" purchased.  

There _are_, however, systems which have been denominated in units of
15 minutes of labor.  (I've seen the scrip.)  The misunderstanding is
not unfounded.

Eric