In Search of Genuine DigiCash

Perry E. Metzger perry at imsi.com
Sat Aug 27 16:49:07 PDT 1994



Eric Hughes says:
>    >If there were already a fully identified digital money system,
> 
>    Is there one?
> 
> I don't think there is any digital money system at all, neither
> anonymous nor fuly identified.
> 
> There certainly are digital funds transfer systems, almost all fully
> identified.  These are not digital money systems, although they may be
> precursors.

The U.S. banking system is largely a "digital money system" in the
sense that the bulk of the money in the system is represented in book
entry form in computer systems and has no other existance.

Perry






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