From: "David E. Smith" <dsmith@midwest.net>
Date: Tue, 24 Oct 95 16:04:57 PDT
To: cypherpunks@toad.com
Subject: [NOISE] Re: Hack DigiCash: Payee Anonymity
Message-ID: <199510242333.SAA05678@cdale1.midwest.net>
MIME-Version: 1.0
Content-Type: text/plain


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ObCrypto: Slim to None, peripheral at best.

At 07:55 PM 10/24/95 +0100, some annoying nym wrote:
>Now all we need is to do is get some specs on how DigiCash's software works
>so that we can code this.  I expect that this method will become quite
>popular.  To withdraw DigiCash, one must come up with $250 to start, sign a
>bunch of forms, etc.  I suspect that most people would rather change money
>in lesser amounts, probably under $50.  This opens up a huge market for
>Blacknet money exchangers.  I would gladly pay Tim's Internet Cash Exchange
>a commission to exchange $50 worth of greenbacks for Digicash instead of
>dealing with Mark Twain and shelling out $250 to start..

Irrelevant point: To open an account as a consumer, not a merchant, and
solely for DigiCash use, only $11 (!) is required.  Although I'll agree
with the bunch of forms part.  Damn, I wish I understood legalese...

Dave
- ----- David E. Smith, "dsmith@midwest.net", PGP ID 0x92732139
http://www.midwest.net/scribers/dsmith/
Sorry, the full signature is on strike pending DigiCash salary negotiations
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