1994-05-04 - Why Digital Cash is Not Being Used

Header Data

From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
Message Hash: 38d50207b888acb2ec969bb71b33269b2fbeb7ae0febaba2dc0e361b2eb23354
Message ID: <9405040209.AA00254@ah.com>
Reply To: <9405032314.AA04521@bilbo.suite.com>
UTC Datetime: 1994-05-04 02:12:07 UTC
Raw Date: Tue, 3 May 94 19:12:07 PDT

Raw message

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





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