-- On 18 Nov 2001, at 14:17, Neil Johnson wrote:
So how do we develop this trust for digital cash ?
Digicash tried tying back to the trust of existing money systems (unsuccessfully).
E-gold, digi-gold, etc. are trying to tie back to the trust of scarce materials (the jury's still out, however they still risk problems with government interference).
It would seem to me that digital cash would be better off not being tied either of these trust systems, but somehow develop it's own.
That is a really dumb idea. It took governments a generation and the vigorous and frequent application of bayonets and batons to render their money independent of precious metals. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG HWZrWSsAECQYOhbEOdzn68LV+4EVY56x+/MZAr+I 4mq9Iv3m66eP76TGgN4RHyt3mymV7+eJzd82uVmIR