25 Nov
2001
25 Nov
'01
10:08 p.m.
Greg wrote:
That's very warm and fuzzy and hippy-like, but if these tokens are handed out for free, then what, exactly, is their value?
I think the Extropians did something like that, which ended in some sort of fiasco which some cypherpunks were involved in, though I don't know the details and was never a participant in that list/social circle.
I am unfamiliar with the Extropian electronic token experiment, but I as the first person on the planet to have conducted an Ecash-to-fiat currency transaction, I can assure you that somebody out there may well be willing to pay real cash for freely minted tokens. (I was on the Ecash selling side. The USD 35 for which I sold my Ecash beta tokens are still in my filing cabinet). --Lucky