1994-05-03 - Virtual Cash

Header Data

From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
Message Hash: 59ba4ec396bebb954503e7721d4728081f15b0253f04a4920860e2843e52b37c
Message ID: <9405031708.AA28882@ah.com>
Reply To: <Pine.3.89.9405022318.A4536-0100000@id1.indirect.com>
UTC Datetime: 1994-05-03 17:11:09 UTC
Raw Date: Tue, 3 May 94 10:11:09 PDT

Raw message

From: hughes@ah.com (Eric Hughes)
Date: Tue, 3 May 94 10:11:09 PDT
To: cypherpunks@toad.com
Subject: Virtual Cash
In-Reply-To: <Pine.3.89.9405022318.A4536-0100000@id1.indirect.com>
Message-ID: <9405031708.AA28882@ah.com>
MIME-Version: 1.0
Content-Type: text/plain


>I would be willing to pay 5% upon receipt of the digicash, and possibly 
>some smaller fee upon redemption. A random individual? None at all. 

And a business?  They'd laugh.

For any system of digital cash to take off, it must be economical to use.

Since credit card rates cost business 2 1/2% - 4%, digital cash must
be more efficient in real terms in order to succeed.

Eric

Thread

• Return to May 1994

• Return to “Adam Shostack <adam@bwh.harvard.edu>”
• Return to ““Christian D. Odhner” <cdodhner@indirect.com>”
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• Return to “hughes@ah.com (Eric Hughes)”
• Return to ““Istvan Oszaraz von Keszi” <vkisosza@acs.ucalgary.ca>”
• Return to “Joe Thomas <jthomas@access.digex.net>”
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• Return to “PMARKS@VAX1.UMKC.EDU”

• 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>