underground digital economy
Kurt Buff (Volt Comp)
a-kurtb at microsoft.com
Wed Jan 17 18:06:51 PST 1996
Certainly. There are a couple of ways, but all one needs is some sort of
gateway to an e-cash, which is simply e-money without identification. The
gateway could take the form of a human intermediary, with either services or
physical goods being the medium of exchange, or simply an exchange server
which takes a cut off the top, as happens in the street all the time in
countries that have currency restrictions.
Kurt
----------
From: jim at bilbo.suite.com[SMTP:jim at bilbo.suite.com]
Sent: Wednesday, January 17, 1996 14:39
To: cypherpunks at toad.com
Subject: underground digital economy
Question:
The existing underground economy uses the same money as the aboveground
economy (i.e. paper money, for the most part). Could a significant
underground digital economy develop if the aboveground digital economy
used only identified e-money?
Jim_Miller at suite.com
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