The Crypto Winter

[jamesd at echeque.com]

    --
On 18 Nov 2001, at 14:17, Neil Johnson wrote:
> So how do we develop this trust for digital cash ?
>
> Digicash tried tying back to the trust of  existing money
> systems (unsuccessfully).
>
> E-gold, digi-gold, etc. are trying to tie back to the trust
> of scarce materials (the jury's still out, however they
> still risk problems with government interference).
>
> It would seem to me that digital cash would be better off
> not being tied either of these trust systems, but somehow
> develop it's own.

That is a really dumb idea.

It took governments a generation and the vigorous and
frequent application of bayonets and batons to render their
money independent of precious metals.

 

    --digsig
         James A. Donald
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