-----BEGIN PGP SIGNED MESSAGE-----BY SAFEMAIL 1.0----- The Digital Commerce Society of Boston Presents Tatsuo Tanaka Center on Japanese Economy & Business Columbia University "The Transnationality of Digital Cash" Tuesday, September 3, 1996 12 - 2 PM The Downtown Harvard Club of Boston One Federal Street, Boston, MA Tatsuo Tanaka is from the Center for Global Communications at the International University of Japan. He is currently a Visiting Research Fellow at Columbia University's Center on Japanese Economy & Business. Government analysts like to stress the anonymity and security concerns of digital cash, particularly money laundering and tax evasion. However, probably the most important economic consequence of digital cash to nation-states is its transnationality. Theoretically speaking, any bank can issue digital cash any country's currency, even on a fractional reserve basis, without permission from that nation-state's central bank, and everybody in the world can use it as if that cash were issued by the country itself. This unprecedented transnationality could make a country's financial system unstable in terms of money supplies or exchange rates. Tanaka goes through a possible scenario in which nation-states and cyberspace conflict over the authority to issue digital cash, including a possible resolution of the problem. This meeting of the Digital Commerce Society of Boston will be held on Tuesday, September 3, 1996 from 12pm - 2pm at the Downtown Branch of the Harvard Club of Boston, One Federal Street. The price for lunch is $27.50. This price includes lunch, room rental, and the speaker's lunch. ;-). The Harvard Club *does* have dress code: jackets and ties for men, and "appropriate business attire" for women. We need to receive a company check, or money order, (or if we *really* know you, a personal check) payable to "The Harvard Club of Boston", by Saturday, August 31, or you won't be on the list for lunch. Checks payable to anyone else but The Harvard Club of Boston will have to be sent back. Checks should be sent to Robert Hettinga, 44 Farquhar Street, Boston, Massachusetts, 02131. Again, they *must* be made payable to "The Harvard Club of Boston". If anyone has questions, or has a problem with these arrangements (We've had to work with glacial A/P departments more than once, for instance), please let us know via e-mail, and we'll see if we can work something out. Planned speakers for DCSB are: October Philippe LeRoux Stock Exchanges and the Web November Philip S. Corwin Regulatory Barriers to Internet Commerce We are actively searching for future speakers. If you are in Boston on the first Tuesday of the month, and you would like to make a presentation to the Society, please send e-mail to the DCSB Program Commmittee, care of Robert Hettinga, rah@shipwright.com . For more information about the Digital Commerce Society of Boston, send "info dcsb" in the body of a message to majordomo@ai.mit.edu . If you want to subscribe to the DCSB e-mail list, send "subscribe dcsb" in the body of a message to majordomo@ai.mit.edu . Looking forward to seeing you there! Cheers, Robert Hettinga Moderator, The Digital Commerce Society of Boston -----BEGIN PGP SIGNATURE-----BY SAFEMAIL 1.0----- Version: 2.6.i iQCVAwUBMhHz1/gyLN8bw6ZVAQGJlQQApgYjtBSEW+g3cF9qsO3SVF3dFn5ObPa6 WoP7nhldO2XbLgFQOsBqXWv+pUHu9aAxo2TaHFtqegCrr5eEbVutjKhFGdOCZqRT QoFElygD3hKE7sITW6VM9hQaq37eylRapNuvMLo6Q49/BwuDYcWQSkCVQsBlKkP7 lp7JBVIHkMY= =WlRo -----END PGP SIGNATURE----- ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "'Bart Bucks' are not legal tender." -- Punishment, 100 times on a chalkboard, for Bart Simpson The e$ Home Page: http://www.vmeng.com/rah/