Interesting People mailing list archives
IP: Re: Why we don't use digital cash
From: David Farber <dave () farber net>
Date: Thu, 14 Jun 2001 21:13:26 -0400
Date: Thu, 14 Jun 2001 13:56:20 -0400 To: farber () cis upenn edu From: Richard Jay Solomon <rsolomon () dsl cis upenn edu> Subject: Re: IP: Why we don't use digital cash Cc: ip-sub-1 () majordomo pobox com Real digital cash -- the true equivalent of money -- would infringe on the sovereign right of sovereign nations to issue currency, including inflated and deflated variations. Nothing to do with patents or markets -- just politics and economics. Look at how hard it has been for the Europeans to merge their sovereign currencies, and the long history in the U.S. before the States finally gave up the fight to maintain theirs. Not to mention the even longer history before paper currency became acceptable in the Western economies. So far, all the digital cash proposals have fallen short of real money -- good thing too. Would you trust some starry-eyed e-entrepreneur controlling the currency supply? Some people even have difficulty with the Fed doing that. Richard [for IP if you will -- should generate some flames]
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- IP: Re: Why we don't use digital cash David Farber (Jun 14)
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- IP: Re: Why we don't use digital cash David Farber (Jun 15)