From: Kawika Daguio <KDAGUIO@aba.com>
Date: Mon, 23 Oct 95 14:56:12 PDT
To: cypherpunks@toad.com
Subject: (Fwd) DIGITAL CASH IN AN ELECTRONIC WORLD -Reply
Message-ID: <s08bd782.015@aba.com>
MIME-Version: 1.0
Content-Type: text/plain


Sir,

I am still lurking on the Information Railroad(TM)
I am still trying to preserve privacy while maintaining
accountability for all parties.  Technical solutions are
insufficient, no matter how innovative.  

My greatest problem today is the lack of sophistication of
decisionmakers.  Very few people understand the technology,
economics, and politics of electronic commerce.  Keeping governments
from making the wrong decisions is difficult.  Keeping bankers from
doing the same is even more difficult.  Most of the discussion occurs
between bank marketing and R&D types.  Compliance, operations,
security, risk management, and legal counsel units within banks are
often uninformed about the efforts of the technology delivery groups.

It is also difficult to offer financial services to the new world. 
It is not easy to "know your customer," evaluate risks, and price the
risks when you cannot verify their identity or reach them easily. 
Bankers prefer orderly environments to anarchy.  So do governments.

      ****Extremely Personal Observation*****
So do I.  I like privacy, I do not need true anonymity nor do I wish
to engage in significant interaction or be exposed to anonymous
persons.
IF SOMEONE WEARING A HOOD OR A MASK COMES TO MY DOOR
THEY WILL BE AUTOMATICALLY VIEWED AS AN IMMEDIATE THREAT.
I may classify non-anonymous persons as threats after evaluating
available information.  Banks and governments will similarly look
askance at those who wish to wear masks when engaging in commerce.

Respectfully, 
Kawika Daguio

THE ABOVE ARE MY PERSONAL OBSERVATIONS
NO ONE IN SHOULD ATTRIBUTE THE SENTIMENTS
EXPRESSED TO THE ASSOCIATION OR OUR MEMBERS.



>>> Timothy C. May <tcmay@got.net>  10/22/95, 11:19pm >>>

I saw this on the Cyberia list. Those of you near Washington, D.C.
may find this worth attending.

By the way, one of the speakers, Kawika Daguio, was once on this list
(and may still be, though I haven't seen posts from him in a while).

--Tim May



>Date: Sun, 22 Oct 1995 17:04:32 -0400
>Errors-To: thardy@mail.wm.edu
>Reply-To: cyberia-l@warthog.cc.wm.edu
>Originator: cyberia-l@listserv.cc.wm.edu
>Sender: cyberia-l@warthog.cc.wm.edu
>Precedence: bulk
>From: "Cleveland Thornton" <thornton@legalbits.com>
>To: Multiple recipients of list <cyberia-l@warthog.cc.wm.edu>
>Subject: (Fwd) DIGITAL CASH IN AN ELECTRONIC WORLD
>X-Listserver-Version: 6.0 -- UNIX ListServer by Anastasios
Kotsikonas
>
>
>For those in the Washington, DC area, you may find the following
>meeting of interest,
>
>
>
>------- Forwarded Message Follows -------
>Date:          Sat, 21 Oct 1995 21:54:36 -0400 (EDT)
>From:          Andrew Grosso <agrosso@access.digex.net>
>To:            Cleveland Thornton <cthornto>
>Subject:       Please Post
>
>                THE FUTURE OF MONEY:
>       DIGITAL CASH IN AN ELECTRONIC WORLD
>
>        The evolution of money has now completed
>a one hundred eighty degree turn from the point
>where our economy began: from a barter marketplace;
>to paper currency; and, today, to pure information
>exchanged globally over telecommunications lines.
>Money is digital, and can be created, utilized,
>and transmitted by individuals and companies, as
>well as by governments.
>
>        On Thursday, November 2, at noon, the
>Computer Crime Subcommittee of the ABA will host
>a luncheon program which will examine the birth
>and promise of digital cash.  The speakers repre-
>sent all three of the important organizations
>participating in this venture: designers, bankers,
>and governments:
>