At 02:17 AM 12/05/2002 +0000, Peter Fairbrother wrote:
OK, suppose we've got a bank that issues bearer "money". Who owns the bank? It should be owned by bearer shares, of course.
Why?
Or the propounders wanting to: make a profit/control the bank?
There are two main reasons honest people start banks - - either they want to make a profit / gain control / etc. - or else they want to get banking services with some predictability they're not finding in the commercial market, e.g. in the US, this is a Credit Union, or in many cultures, this is some family or private group that lends money to each other. --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to majordomo@wasabisystems.com