German Federal Bank opposes e-cash
Perry E. Metzger
perry at piermont.com
Wed Jun 19 19:15:40 PDT 1996
Ian Goldberg writes:
> I don't get this worry about counterfeiting. It would seem to be harder to
> counterfeit ecash than paper cash (though, admittedly, it would be harder to
> track, but it would almost certainly have to be an "inside job"). Maybe
> the journalists are just misinformed, or possibly the banking people?
I think that the fear is that counterfeit E-Cash is much easier to
pass and much more "perfect", though I think that with proper controls
the system is indeed more secure than paper currency.
.pm
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