IP: Re: Why we don't use digital cash

[David Farber <dave () farber net>]

> 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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