1994-07-26 - e$: NetBank

Header Data

From: rah@shipwright.com (Robert Hettinga)
To: cypherpunks@toad.com
Message Hash: 66eb51cb3302117fe75f79dd2d56dcf8e36d60ccb1d9c7da428c0d244ee71d25
Message ID: <199407260317.XAA17443@zork.tiac.net>
Reply To: N/A
UTC Datetime: 1994-07-26 03:17:49 UTC
Raw Date: Mon, 25 Jul 94 20:17:49 PDT

Raw message

From: rah@shipwright.com (Robert Hettinga)
Date: Mon, 25 Jul 94 20:17:49 PDT
To: cypherpunks@toad.com
Subject: e$: NetBank
Message-ID: <199407260317.XAA17443@zork.tiac.net>
MIME-Version: 1.0
Content-Type: text/plain


There's an outfit called NetBank, which is selling e-cash-like *certificate
numbers*, through a dial-up BBS on a 900 line, in any denomination you
want, which you can e-mail to vendors to buy stuff with. In fact all the
interactions with the bank (deposits, breaking "bills" into smaller
denominations, etc.) are done with switch codes in e-mail.

It's extremely ungainly, and it looks userous too, to the extent that they
charge 20% (each way?) to cash you in and out.  I hoovered out all the
stuff in their infobot (netbank-info@agents.com), and I really haven't
plowed through it all yet. If you folks are interested I'll summarize it
for the group and/or redirect my dumpster-divings on the subject to you
individually in e-mail. Just let me know. 'Course you're welcome to play
with their infobot yourselves, I suppose ;-).

It looks like someone did some serious work on this, folks. That's just a
philosophy major from Missouri talking, of course.  I wonder who they are?
I heard some discussion about them here, but I can't seem to find the
thread in my e$ article stash....

Cheers,
Bob Hettinga



-----------------
Robert Hettinga  (rah@shipwright.com) "There is no difference between someone
Shipwright Development Corporation     who eats too little and sees Heaven and
44 Farquhar Street                       someone who drinks too much and sees
Boston, MA 02331 USA                       snakes." -- Bertrand Russell
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