At 12:21 11/23/95 -0800, John Gilmore wrote:

...

From a letter in [My dog, I mean my software, ate this part of the msg -- gnu] ... "The importance of e-money replacing cash is greater than possible effects on exchange rates. Rather, it might make certain currencies to all intents and purposes disappear."

Gresham's law says that the bad money drives the good money out of circulation. Does this mean that real cash is better than ecash ;-). Bill