On Thu, 26 May 1994, Jim Miller wrote:
DIGICASH PRESS RELEASE
I have a gut feel that this DigiCash(TM) system is going to become a *really big deal*. Real electronic cash, portable software-only solution, free client-side software: sounds like a winning combination. I'm excited.
Before you get too enthusiastic remember that electronic cash is not legal tender which means that you will require some clearing system behind this scheme providing conversion between a legal tender and electronic cash before this is getting really useful. Without such a system electronic cash is just prepaid "tokens" with the usability similar to the "tokens" on telephone cards. For those that thinks this will be "the end of the gouvernment": Who do you think will be in control of this clearing system? Just asking ;-) However I do think that this DigiCash stuff is a Good Thing -- certainly better than mailing credit card numbers over the net :-) -- Rolf ---------------------------------------------------------------------- Rolf Michelsen "Standards are wonderful -- Email: rolf.michelsen@delab.sintef.no everyone should have one" Phone: +47 73 59 87 33 -- Ancient FORTH proverb ----------------------------------------------------------------------