1994-05-03 - Virtual Cash

Header Data

From: hughes@ah.com (Eric Hughes)
To: cypherpunks@toad.com
Message Hash: fb7dacf227a0e3e134a6599b666ce2ad2824062a82e6fd75573b1964aa5805c5
Message ID: <9405030542.AA28008@ah.com>
Reply To: <9405030246.AA01186@paycheck.cygnus.com>
UTC Datetime: 1994-05-03 05:44:53 UTC
Raw Date: Mon, 2 May 94 22:44:53 PDT

Raw message

From: hughes@ah.com (Eric Hughes)
Date: Mon, 2 May 94 22:44:53 PDT
To: cypherpunks@toad.com
Subject: Virtual Cash
In-Reply-To: <9405030246.AA01186@paycheck.cygnus.com>
Message-ID: <9405030542.AA28008@ah.com>
MIME-Version: 1.0
Content-Type: text/plain

>[...] but noone (as far as I've
>seen) has come up with an "economic model" within which they could use

Denominate digital money in dollars in a demand deposit account in a
US bank.

Why reinvent the wheel, or, in this case, the unit of value?