1994-05-03 - Virtual Cash

Header Data

From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
Message Hash: 3eef6b3ca8353d542a93d9acec6fd3779ca6442678dbaf387b2676fc454a6fc5
Message ID: <9405031720.AA28915@ah.com>
Reply To: <9405031329.AA44821@acs5.acs.ucalgary.ca>
UTC Datetime: 1994-05-03 17:23:08 UTC
Raw Date: Tue, 3 May 94 10:23:08 PDT

Raw message

From: hughes@ah.com (Eric Hughes)
Date: Tue, 3 May 94 10:23:08 PDT
To: cypherpunks@toad.com
Subject: Virtual Cash
In-Reply-To: <9405031329.AA44821@acs5.acs.ucalgary.ca>
Message-ID: <9405031720.AA28915@ah.com>
MIME-Version: 1.0
Content-Type: text/plain

>> Denominate digital money in dollars in a demand deposit account in a
>> US bank.

>Exactly, digital money must be fungible, with some other unit of
>value.  But limiting it to USD, is not the way to go.

Any pre-existing national currency will do.  My point was abbreviated
for clarity.