Re: newsweek oct 30 Levy digital cash article
-----BEGIN PGP SIGNED MESSAGE----- In article <199510272049.NAA29753@netcom7.netcom.com>, Vladimir Z. Nuri <vznuri@netcom.com> wrote:
if this is true, I wanted to point out in my post that this is a property that real cash does not have. you cannot ever say to your bank from which you withdrew cash, "oops, I lost a piece, could you replace it? also, if someone spends the piece that I lost, tell them they can't?"
[...]
or, the bank might say, "oh, well, that cash was not spent yet. we can issue a replacement and bar the cash from being spent". this idea of "replacing" cash is of course unique to the electronic realm. if the bank does it, the consumer would be required to notify the bank before the cash is spent, again another unusual property unique to e-cash.
Hrmm, is this really unique to e-cash? It sounds pretty similar to traveller's checks. (I do like your suggestion that e-cash service providers should write a FAQ listing all the properties of their ``cash''!) - --- [This message has been signed by an auto-signing service. A valid signature means only that it has been received at the address corresponding to the signature and forwarded.] -----BEGIN PGP SIGNATURE----- Version: 2.6.2 Comment: Gratis auto-signing service iQBFAwUBMJLLRCoZzwIn1bdtAQE2cwGAzWzY/2tqwjLpMSEr210r607j5mxUskJT 3L8qyQOCTMLjrZWfAwmQZ28yAszojBm+ =23AU -----END PGP SIGNATURE-----
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daw@quito.CS.Berkeley.EDU