1994-05-03 - Re: Why Digital Cash is Not Being Used

Header Data

From: “Perry E. Metzger” <perry@snark.imsi.com>
To: Jim_Miller@bilbo.suite.com
Message Hash: dcdff44b2b2df870fb19895e3f6be21ac746a6f26c12d15cd7ff33943b3a5c1f
Message ID: <9405032243.AA00401@snark.imsi.com>
Reply To: <9405032137.AA03018@bilbo.suite.com>
UTC Datetime: 1994-05-03 22:43:44 UTC
Raw Date: Tue, 3 May 94 15:43:44 PDT

Raw message

From: "Perry E. Metzger" <perry@snark.imsi.com>
Date: Tue, 3 May 94 15:43:44 PDT
To: Jim_Miller@bilbo.suite.com
Subject: Re: Why Digital Cash is Not Being Used
In-Reply-To: <9405032137.AA03018@bilbo.suite.com>
Message-ID: <9405032243.AA00401@snark.imsi.com>
MIME-Version: 1.0
Content-Type: text/plain

Jim Miller says:
> Michael V. Caprio Jr. asks:
> > So what is the natural currency to trade in on the Internet?
> Instead of charging for information, charge for time.  You lose  
> control of the information you sell, but you never lose control of  
> the time you sell.  People with spare time could perform services in  
> exchange for Tacky Tokens.

Currency needs to be fungible -- your time and my time and the time of
a brain surgeon are not the same. Furthermore, I can't verify that you
are actually giving me your time. It would be a nightmare.

The natural currency today is the U.S. Dollar, as transfered via