Bank Fees and E-Cash
James A. Donald
jamesd at echeque.com
Sat Aug 12 12:01:49 PDT 1995
At 02:53 PM 8/11/95 -0400, Tatjana vonBernhardi wrote:
> you have surpassed yourself in assumption here.
>
> your hope that e-cash will some how reduce bank fees is a long stretch.
Eventually people will bypass the banks, directly transferring funds
to each other. This will reduce the banks fees to zero. The
banks will gradually lose control of the indecently lucrative
funds transfer business, and have to go to the bread and butter
business of borrowing short and lending long, and evaluating
credit worthiness, and providing guarantees of payment.
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We have the right to defend ourselves | http://www.jim.com/jamesd/
and our property, because of the kind |
of animals that we are. True law | James A. Donald
derives from this right, not from the |
arbitrary power of the state. | jamesd at echeque.com
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