Re: Digicash will not fly (not)
"James A. Donald" <jamesd@echeque.com wrote:
While Chaum is a brilliant cryptographer, he is an incompetent businessman
He has demonstrated this in numerous ways.
The latest being "Cash" where the bank skims off 4% to 10% every time.
No one is going to use digicash under these kinds of terms and conditions.
Doesn't just about everyone do precisely this when they pay sales tax? Every time a buck arrives or departs a hand one pays a tax yet the system (you and I)continues accepting these terms albeit painfully.
--------------------------------------------------------------------- | 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
On Sun, 29 Oct 1995, M. F. (Pat) Sprague wrote:
"James A. Donald" <jamesd@echeque.com wrote:
While Chaum is a brilliant cryptographer, he is an incompetent businessman
He has demonstrated this in numerous ways.
The latest being "Cash" where the bank skims off 4% to 10% every time.
No one is going to use digicash under these kinds of terms and conditions.
Doesn't just about everyone do precisely this when they pay sales tax? Every time a buck arrives or departs a hand one pays a tax yet the system (you and I)continues accepting these terms albeit painfully.
Unfortunately, now with digicash purchases you pay BOTH the sales tax AND the banks (extortionate) cut.
--------------------------------------------------------------------- | 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
--- "In fact, had Bancroft not existed, potestas scientiae in usu est Franklin might have had to invent him." in nihilum nil posse reverti 00B9289C28DC0E55 E16D5378B81E1C96 - Finger for Current Key Information
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