From: "P.J. Ponder" <ponder@wane-leon-mail.scri.fsu.edu>
Date: Tue, 19 Sep 95 05:38:15 PDT
To: cypherpunks@toad.com
Subject: Re: taxonomies of 'real money' and e-cash
In-Reply-To: <Pine.3.89.9509190824.C29439-0100000@wane3.scri.fsu.edu>
Message-ID: <Pine.3.89.9509190811.D29503-0100000@wane3.scri.fsu.edu>
MIME-Version: 1.0
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On the 18th, Tim May wrote:
> 
> I wasn't saying they are all on the same footing, or are all separate and
> compartmentalizable things. Clearly some of them are just slightly
> different "flavors" of other things. I listed a bunch of them not as a
> taxonomy or ontology, but as an illustration that there are many kinds of
> financial dealings, many kinds of roles played.
> 
> That the real world has so many flavors of financial things could of course
> be due to inertia and ignorance, partly. But there are also different
> functionalities, and costs. Fitting the different needs, the different
> roles of the players. I won't go on and on, as my last post on this I think
> hit the main points, but consider how many flavors we have just of
> "checks": the "ordinary" checks we write, counter checks, dual-endorser
> checks, traveller's checks, and so on. (If you are arguing that only
> "digital cash" is a real issue, and all other constructs are "small matters
> of programming," then we disagree profoundly.)

My mistake then.  You obviously have in mind some things much more subtle 
and more logically removed from money, or currency, or even liquidity 
than what I thought you were referring to.  I'm going back to reading the 
list in the mornings.

--PJ

 . . . .

> --Tim May
> 
> ---------:---------:---------:---------:---------:---------:---------:----
> Timothy C. May              | Crypto Anarchy: encryption, digital money,
> tcmay@got.net  408-728-0152 | anonymous networks, digital pseudonyms, zero
> Corralitos, CA              | knowledge, reputations, information markets,
> Higher Power: 2^756839      | black markets, collapse of governments.
> "National borders are just speed bumps on the information superhighway."
>