Pardon me for being behind; I'm catching up with 1500 cypherpunks articles... I was skimming and came upon the following:
"JM" == Jon Matonis <74774.3663@compuserve.com> writes:
JM> Mondex in the UK currently has official government units of account JM> digitally represented for their Mondex card trial in Swindon. They JM> have also announced that in the future this card will hold up to five JM> "official" currencies. I'm not sure how Mondex works, but if currency conversion is made easy doesn't this have an interesting effect on the currency markets? If I can have my machine follow micro changes in the markets and convert my money around instantaneously without going through a middle-man then things could get interesting. Then again, I'm really nieve when it comes to currency exchange. Please show me the flaw here. --- Jason L. Tibbitts III - tibbs@uh.edu - 713/743-8687 - 221SR1 System Manager: Texas Center for Advanced Molecular Computation 1994 PC800 "Kuroneko" DoD# 1723