e$: Cypherpunks Sell Concepts
Eric Hughes
hughes at ah.com
Sun Aug 7 10:59:47 PDT 1994
>There are two legal problems that I could see being used against digital
>cash. The first is the civil war era prohibition on banks issuing private
>bank notes.
It seems to me
that one could just as easily treat digicash as securities denominated in
dollars, [etc.]
It didn't occur to me before, but you could also have 'nonbank notes'.
If the issuer isn't a bank, does the regulation still apply?
Eric
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