Virtual Cash
Eric Hughes
hughes at ah.com
Tue May 3 10:11:09 PDT 1994
>I would be willing to pay 5% upon receipt of the digicash, and possibly
>some smaller fee upon redemption. A random individual? None at all.
And a business? They'd laugh.
For any system of digital cash to take off, it must be economical to use.
Since credit card rates cost business 2 1/2% - 4%, digital cash must
be more efficient in real terms in order to succeed.
Eric
More information about the cypherpunks-legacy
mailing list