C'punks, Stop! Unless you know what you're talking about, there is really no reason to post about this thread. On Fri, 27 May 1994, Rolf Michelsen wrote:
. . . Here I think we are nearing the real issue. We agree that all electronic cash schemes require clearing, yes? . . . The DigiCash scheme probably is *great* but it won't be *usefull* by everybody in an open system before a clearing organization exists. Due to gouvernment regulations etc a clearing system is not trivially implemented. . . .
Wrong. I thought Perry was quite clear on this. A clearing "system" is anyone or anything that will clear a transaction. Any bank that issues and/or accepts digital cash may *clear* it. Folks, we've been through this before. You get paid some digital money. You deposit it to your account at the 1st Digital Bank and Grill. You go to the store and buy a shirt. You pay using the VISA card issued to you by FDB&G. Need some cash? Take your FDB&G ATM card and go to any cash machine displaying the Plus logo. Simple isn't it? I don't want to have to explain this again. S a n d y