Bitbux could eliminate some domestic currencies?

Bill Frantz frantz at netcom.com
Sun Nov 26 23:53:45 PST 1995


At 12:21 11/23/95 -0800, John Gilmore wrote:
>>From a letter in [My dog, I mean my software, ate this part of the msg -- gnu]
>...
>"The importance of e-money replacing cash is greater than possible effects
>on exchange rates. Rather, it might make certain currencies to all intents
>and purposes disappear."

Gresham's law says that the bad money drives the good money out of
circulation.  Does this mean that real cash is better than ecash ;-).

Bill








More information about the cypherpunks-legacy mailing list