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1997-05-05 - Re: digital cc transactions, digital checks vs real digital cash

Header Data

From: Robert Hettinga <rah@shipwright.com>
To: cypherpunks@cyberpass.net
Message Hash: 574fcb75215d7180ded4a10eefe18b951e59f67eae734ee0616e2dc98c1287fc
Message ID: <v0302092daf92c7fe2eb2@[139.167.130.246]>
Reply To: <v0302090aaf913bf8023e@[139.167.130.246]>
UTC Datetime: 1997-05-05 13:06:10 UTC
Raw Date: Mon, 5 May 1997 21:06:10 +0800

Raw message

From: Robert Hettinga <rah@shipwright.com>
Date: Mon, 5 May 1997 21:06:10 +0800
To: cypherpunks@cyberpass.net
Subject: Re: digital cc transactions, digital checks vs real digital cash
In-Reply-To: <v0302090aaf913bf8023e@[139.167.130.246]>
Message-ID: <v0302092daf92c7fe2eb2@[139.167.130.246]>
MIME-Version: 1.0
Content-Type: text/plain


At 3:37 pm -0400 on 5/4/97, Tim May wrote:


> So, I could use my VISA card to buy a geodesic dome in this geodesic
> economy. Not that I'd want to.

No you couldn't. If you wanted to. :-).

In a geodesic economy, things will settle for bearer cash, unless you
borrow money to pay for them, and even then the loan will be a bearer
certificate loan, and not a book-entry loan like a VISA card is.

Ignoring for the time being that you're using a floatless "loan" when you
buy something with a VISA card...

Cheers,
Bob Hettinga

-----------------
Robert Hettinga (rah@shipwright.com), Philodox
e$, 44 Farquhar Street, Boston, MA 02131 USA
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The e$ Home Page: http://www.shipwright.com/

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