From: "Perry E. Metzger" <perry@snark.imsi.com>
Date: Tue, 3 May 94 15:40:47 PDT
To: rah@tiac.net (Robert Hettinga, Shipwright Development Corp.)
Subject: Re: Digital Cash
In-Reply-To: <199405031932.PAA01647@zork.tiac.net>
Message-ID: <9405032240.AA00387@snark.imsi.com>
MIME-Version: 1.0
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Robert Hettinga, Shipwright Development Corp. says:
> Is it possible to see instantaneous settlement happen in the financial
> markets with digital cash?

In theory, yes, although one would also need to move all securities
being traded to book entry or "digital bearer certificates".
Presumably the current securities laws would require some changes.

This of course has the potential to dramatically lower transaction
costs in these markets.

Perry