From: frantz@netcom.com (Bill Frantz)
Date: Sat, 13 Apr 1996 18:10:22 +0800
To: "E. ALLEN SMITH" <weidai@eskimo.com
Subject: Re: the cost of untracability?
Message-ID: <199604130501.WAA02229@netcom9.netcom.com>
MIME-Version: 1.0
Content-Type: text/plain


At  7:42 PM 4/12/96 -0400, E. ALLEN SMITH wrote:
>From:   IN%"weidai@eskimo.com"  "Wei Dai"  7-APR-1996 10:52:52.30
>
>>I think you're right.  There is no need for the issuer to pay explicit
>>interest.  The easiest way to eliminate signorage would be to steadily
>>increase the value of each denomination of ecash. ...
>
>        Another method would be for ecash to have a label on it as to when the
>issuer would redeem it. Until then, if you want cash from it, find someone else
>to trade to. ...

And if you are using a "first to clear gets the money" system like
Digicash, the holders can race to see who gets the money.


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