Why Digital Cash is Not Being Used

Eric Hughes hughes at ah.com
Tue May 3 19:12:07 PDT 1994



>> Currency needs to be fungible -- your time and my time and
>> the time of a brain surgeon are not the same. 

>I see that my post was ambiguous.  I didn't mean that "time" would be  
>the currency, rather, "time" would be the "good" purchased.  

There _are_, however, systems which have been denominated in units of
15 minutes of labor.  (I've seen the scrip.)  The misunderstanding is
not unfounded.

Eric






More information about the cypherpunks-legacy mailing list