tenuous-at-best connection to cypherpunks material - using a currency backed only by the supply of ones and zeroes requires a market mechanism to encourage the issuers not to overdo it....
Aggregious plug time. The above comment is *not* so tenuously connected to my e$ lists. I've been sending juicer bits of this particular discussion on to e$pam, my e$-filter-list of other news and mail groups, where the above comment in particular is germaine. If you want to continue your discussions on e$pam's discussion list, e$, you will be welcome. Subscribe to e$ by sending, in the the body of your message to majordomo@thumper.vmeng.com : subscribe e$ I've been sending other money related stuff to e$pam, from places like the AustrianEcon (Hyek, Mises, et.al) list, so people on e$ are at least *interested* in intellegent comments about money of all kinds, in particular the kind made of 1s and 0s. e$'s unmoderated, and has, as they say in the money business, "endogenous" traffic. ;-). Most of it originates on the list itself. Cheers, Bob Hettinga ----------------- Robert Hettinga (rah@shipwright.com) e$, 44 Farquhar Street, Boston, MA 02131 USA "Reality is not optional." --Thomas Sowell The NEW(!) e$ Home Page: http://thumper.vmeng.com/pub/rah/