From: Rolf Michelsen <Rolf.Michelsen@delab.sintef.no>
Date: Fri, 27 May 94 00:02:20 PDT
To: Jim_Miller@bilbo.suite.com
Subject: Re: ecash Press Release
In-Reply-To: <9405262247.AA19880@bilbo.suite.com>
Message-ID: <Pine.3.88.9405270819.C23228-0100000@svme.er.sintef.no>
MIME-Version: 1.0
Content-Type: text/plain


On Thu, 26 May 1994, Jim Miller wrote:

> 
> > DIGICASH PRESS RELEASE
> 
> 
> I have a gut feel that this DigiCash(TM) system is going to become a  
> *really big deal*.  Real electronic cash, portable software-only solution,  
> free client-side software: sounds like a winning combination.  I'm  
> excited.

Before you get too enthusiastic remember that electronic cash is not 
legal tender which means that you will require some clearing system 
behind this scheme providing conversion between a legal tender and 
electronic cash before this is getting really useful.  Without such a 
system electronic cash is just prepaid "tokens" with the usability 
similar to the "tokens" on telephone cards.

For those that thinks this will be "the end of the gouvernment":  Who 
do you think will be in control of this clearing system?  Just asking ;-)

However I do think that this DigiCash stuff is a Good Thing -- certainly 
better than mailing credit card numbers over the net :-)

-- Rolf



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Rolf Michelsen                           "Standards are wonderful --     
Email: rolf.michelsen@delab.sintef.no      everyone should have one"
Phone: +47 73 59 87 33                       -- Ancient FORTH proverb
----------------------------------------------------------------------