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.