From: iagoldbe@calum.csclub.uwaterloo.ca (Ian Goldberg)
Date: Sat, 6 Jan 1996 03:04:31 +0800
To: cypherpunks@toad.com
Subject: Re: Starting an e-cash bank
In-Reply-To: <v02120d1fad11eb9da339@[192.0.2.1]>
Message-ID: <4cjg0c$rm5@calum.csclub.uwaterloo.ca>
MIME-Version: 1.0
Content-Type: text/plain


In article <v02120d1fad11eb9da339@[192.0.2.1]>,
Lucky Green <shamrock@netcom.com> wrote:
>Besides, wherer users get the Ecash from, be it by putting money into their
>account at MT or buying it from you doesn't matter. They still need an
>account with MT.

Huh?  Why?  If I'm an ecash seller, I take a customer's paper money,
withdraw ecash from _my_ MT account, give the ecash to the customer
(_not_ a payment: I just give him the coin -- the pair (n,f(n)^(1/h)))
and the customer is free to use it at will.  It's Digicash's slogan:
the numbers _are_ the money.

   - Ian