From: rah@shipwright.com (Robert Hettinga)
Date: Fri, 4 Aug 95 12:21:15 PDT
To: cypherpunks@toad.com
Subject: Re: PC E-cash (NewsClip)
Message-ID: <v02120d01ac481ff41b9f@[199.0.65.105]>
MIME-Version: 1.0
Content-Type: text/plain


>Secret Service Says Student Used PC To Print Money

etc.

This reminds me of something which happened to me last week in a Burger King in Chelsea(MA), where the skipper now keeps the boat I grind winches on. I'm paying for my lunch and the cashier takes out a felt-tip pen and puts a little mark on my $10 bill.  She tells me that if the pen-stroke turns yellow instead of the black one she got with mine, the bill is counterfeit.  She told me she got yellow mark on $10 bill once. Go figure.

So now, we have a working miniumum competitive cost of on-line digital cash verification. The amortized cost of the ink it takes to verify a piece of paper cash. What? 20 cents worth of ink? .002 cents?

More fun with numbers, 
Bob Hettinga

P.S. We just put in 12 volt power for the Mac. I also bought an inverter. 
     Banana daquiris on the hook. Raise the cocktail flag!


-----------------
Robert Hettinga (rah@shipwright.com)
Shipwright Development Corporation, 44 Farquhar Street, Boston, MA 02131 USA (617) 323-7923 
"Reality is not optional." --Thomas Sowell
>>>>Phree Phil: Email: zldf@clark.net  http://www.netresponse.com/zldf <<<<<