1996-01-03 - Re: Starting an e-cash bank

Header Data

From: Alex Strasheim <cp@proust.suba.com>
To: jk@digit.ee (Jyri Kaljundi)
Message Hash: 88e87b26bc6a1eef1cb4c7cc16b316f68ba354515dea3e2320bf50b3b8cd812b
Message ID: <199601031925.NAA02085@proust.suba.com>
Reply To: <Pine.SOL.3.91.960103204303.5486B-100000@jaramillo.digit.ee>
UTC Datetime: 1996-01-03 20:50:22 UTC
Raw Date: Thu, 4 Jan 1996 04:50:22 +0800

Raw message

From: Alex Strasheim <cp@proust.suba.com>
Date: Thu, 4 Jan 1996 04:50:22 +0800
To: jk@digit.ee (Jyri Kaljundi)
Subject: Re: Starting an e-cash bank
In-Reply-To: <Pine.SOL.3.91.960103204303.5486B-100000@jaramillo.digit.ee>
Message-ID: <199601031925.NAA02085@proust.suba.com>
MIME-Version: 1.0
Content-Type: text


> What does it take to be called a bank?

Is it necessary to be called a bank?  I've got a storefront in Chicago.  
What would prevent me from opening up a Mark Twain account and buying and 
selling ecash on floppies, in person?  Do account holders have to agree 
not to do that before Mark Twain gives them an account?  Is it illegal?

The currency exchange model almost seems more appropriate for most users
than the bank model.








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