From: Black Unicorn <unicorn@polaris.mindport.net>
Date: Mon, 30 Oct 1995 15:28:29 +0800
To: "M. F. (Pat) Sprague" <msprague@owens.ridgecrest.ca.us>
Subject: Re: Digicash will not fly (not)
In-Reply-To: <199510300544.VAA12448@owens.ridgecrest.ca.us>
Message-ID: <Pine.SUN.3.91.951030021540.906A-100000@polaris.mindport.net>
MIME-Version: 1.0
Content-Type: text/plain


On Sun, 29 Oct 1995, M. F. (Pat) Sprague wrote:

> "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.



Unfortunately, now with digicash purchases you pay BOTH the sales tax AND 
the banks (extortionate) cut.


> 
> 
> > ---------------------------------------------------------------------
> >              				|  
> >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
> 
> 
> 
> 
> 

---
"In fact, had Bancroft not existed,       potestas scientiae in usu est
Franklin might have had to invent him."    in nihilum nil posse reverti
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