At 02:53 PM 8/11/95 -0400, Tatjana vonBernhardi wrote:

you have surpassed yourself in assumption here.

your hope that e-cash will some how reduce bank fees is a long stretch.

Eventually people will bypass the banks, directly transferring funds to each other. This will reduce the banks fees to zero. The banks will gradually lose control of the indecently lucrative funds transfer business, and have to go to the bread and butter business of borrowing short and lending long, and evaluating credit worthiness, and providing guarantees of payment. --------------------------------------------------------------------- | We have the right to defend ourselves | http://www.jim.com/jamesd/ and our property, because of the kind | of animals that we are. True law | James A. Donald derives from this right, not from the | arbitrary power of the state. | jamesd@echeque.com