From: "Kurt Buff (Volt Comp)" <a-kurtb@microsoft.com>
Date: Thu, 18 Jan 1996 10:06:51 +0800
To: "Jim_Miller@bilbo.suite.com>
Subject: RE: underground digital economy
Message-ID: <c=US%a=_%p=msft%l=RED-06-MSG960117174830AG008800@red-03-imc.itg.microsoft.com>
MIME-Version: 1.0
Content-Type: text/plain


Certainly. There are a couple of ways, but all one needs is some sort of 
gateway to an e-cash, which is simply e-money without identification. The 
gateway could take the form of a human intermediary, with either services or 
physical goods being the medium of exchange, or simply an exchange server 
which takes a cut off the top, as happens in the street all the time in 
countries that have currency restrictions.

Kurt
----------
From: 	jim@bilbo.suite.com[SMTP:jim@bilbo.suite.com]
Sent: 	Wednesday, January 17, 1996 14:39
To: 	cypherpunks@toad.com
Subject: 	underground digital economy


Question:

The existing underground economy uses the same money as the aboveground  
economy (i.e. paper money, for the most part).  Could a significant  
underground digital economy develop if the aboveground digital economy  
used only identified e-money?

Jim_Miller@suite.com

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             The Internet is a land bridge for memes
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