Digital Cash

Jeff Davis eagle at deeptht.armory.com
Tue May 3 06:10:52 PDT 1994


> 
> But this question comes up often enough that I'm afraid I'm missing 
> something.  Why would offline systems be more useful?

Anonymity.  Digital Cash, in theory, works like Federal Reserve Notes.
Financial transactions can be carried out between individuals with out
a bank as an intermediary.  Therefore, there is no record of the
transaction.  One doesn't have to smear one's fingerprints all over
cyberspace to buy a used bicycle for their child or pay off a Super
Bowl bet.  
-- 
PGP PUBLIC KEY via finger!  JAFEFFM  Speaking & Thinking For Myself!
 
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