At 7:42 PM 4/12/96 -0400, E. ALLEN SMITH wrote:
From: IN%"weidai@eskimo.com" "Wei Dai" 7-APR-1996 10:52:52.30
I think you're right. There is no need for the issuer to pay explicit interest. The easiest way to eliminate signorage would be to steadily increase the value of each denomination of ecash. ...
Another method would be for ecash to have a label on it as to when the issuer would redeem it. Until then, if you want cash from it, find someone else to trade to. ...
And if you are using a "first to clear gets the money" system like Digicash, the holders can race to see who gets the money. ------------------------------------------------------------------------ Bill Frantz | The CDA means | Periwinkle -- Computer Consulting (408)356-8506 | lost jobs and | 16345 Englewood Ave. frantz@netcom.com | dead teenagers | Los Gatos, CA 95032, USA