From: msprague@owens.ridgecrest.ca.us (M. F. (Pat) Sprague)
Date: Mon, 30 Oct 1995 13:55:46 +0800
To: cypherpunks@toad.com
Subject: Re: Digicash will not fly (not)
Message-ID: <199510300544.VAA12448@owens.ridgecrest.ca.us>
MIME-Version: 1.0
Content-Type: text/plain


"James A. Donald" <jamesd@echeque.com wrote:
>While Chaum is a brilliant cryptographer, he is an incompetent businessman
>
>He has demonstrated this in numerous ways.
>
>The latest being "Cash" where the bank skims off 4% to 10% every time.
>
>No one is going to use digicash under these kinds of terms and 
>conditions.


Doesn't just about everyone do precisely this when they pay sales tax?
Every time a buck arrives or departs a hand one pays a tax yet the system (you and I)continues accepting these terms albeit painfully.


> ---------------------------------------------------------------------
>              				|  
>We have the right to defend ourselves	|   http://www.jim.com/jamesd/
>and our property, because of the kind	|  
>of animals that we are. True law	|   James A. Donald
>derives from this right, not from the	|  
>arbitrary power of the state.		|   jamesd@echeque.com