Re: The Bank of the Internet!? (fwd)
At 16:14 93/10/10 -40962758, Douglas Barnes wrote:
At the moment we are beginning the process of surveying members of local groups and employers in the high tech field to see if they are interested in being part of the field of membership of a fully digital Credit Union. We had our first Austin cypherpunks meeting yestereday, and it's clear that they will be the core of the new CU.
And when you look further... I'm ready! ----------------------------------------------------------------------------- Michael S. Sattler msattler@netcom.com +1 (415) 358-3058 Digital Jungle Software Encrypt now; ask me how. (finger for PGP key) All that is required for evil to triumph is for {wo}men of good will to do nothing.
At 16:14 93/10/10 -40962758, Douglas Barnes wrote:
At the moment we are beginning the process of surveying members of local groups and employers in the high tech field to see if they are interested in being part of the field of membership of a fully digital Credit Union. We had our first Austin cypherpunks meeting yestereday, and it's clear that they will be the core of the new CU.
And when you look further... I'm ready!
Because of (archaic) formation regulations, *a* Credit Union is restricted pretty much to a single, distinct geographical region, i.e. Travis County, Texas. CUs with national field of membership are apparently allowed, but an extremely tight associative bond is required (the somewhat scattershot associative bonds we hope to use in Austin would never fly on a national level.) There is nothing, however, to prevent multiple CUs from being created, with similar philosophies, that share software, expertise, etc. Doug -- ---------------- /\ Douglas Barnes cman@illuminati.io.com / \ Chief Wizard (512) 448-8950 (d), 447-7866 (v) / () \ Illuminati Online metaverse.io.com 7777 /______\
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