Starting an e-cash bank

Ian Goldberg iagoldbe at calum.csclub.uwaterloo.ca
Fri Jan 5 11:04:31 PST 1996


In article <v02120d1fad11eb9da339@[192.0.2.1]>,
Lucky Green <shamrock at netcom.com> wrote:
>Besides, wherer users get the Ecash from, be it by putting money into their
>account at MT or buying it from you doesn't matter. They still need an
>account with MT.

Huh?  Why?  If I'm an ecash seller, I take a customer's paper money,
withdraw ecash from _my_ MT account, give the ecash to the customer
(_not_ a payment: I just give him the coin -- the pair (n,f(n)^(1/h)))
and the customer is free to use it at will.  It's Digicash's slogan:
the numbers _are_ the money.

   - Ian






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