At 17:44 1996-05-21 +0200, bryce@digicash.com wrote:
Matts, you don't want to do floating point for money, because floating point doesn't give you good control of precision.
Yes I do. Several major currency traders in Sweden keep all their money in 64 bit floating point storage. I think that DigiCash will go floating point (get real?) when you start doing currency. If you sell 1 DEM, you don't want to get paid in cents, you want to get paid in 10-15 decimal places. That's where the currency action is right now, and before Ecash(tm) is fully deployed we'll probably see traders going for 15-20 decimal places. Floating point is the way to do it, but are your accountants ready for it?
Keep in mind that only Ecash(tm) Mints can create Ecash(tm) coins and choose what values the coins have.
Sorry, I thought that the client created the coins and the mint just signed them. I guess I should go back to RTFAPI. Regards, Matts