From: "Perry E. Metzger" <perry@imsi.com>
Date: Sat, 27 Aug 94 16:49:07 PDT
To: hughes@ah.com (Eric Hughes)
Subject: Re: In Search of Genuine DigiCash
In-Reply-To: <9408271816.AA26464@ah.com>
Message-ID: <9408272345.AA08631@snark.imsi.com>
MIME-Version: 1.0
Content-Type: text/plain



Eric Hughes says:
>    >If there were already a fully identified digital money system,
> 
>    Is there one?
> 
> I don't think there is any digital money system at all, neither
> anonymous nor fuly identified.
> 
> There certainly are digital funds transfer systems, almost all fully
> identified.  These are not digital money systems, although they may be
> precursors.

The U.S. banking system is largely a "digital money system" in the
sense that the bulk of the money in the system is represented in book
entry form in computer systems and has no other existance.

Perry