Cathedra and the Bizarre: Why Free Stuff is Good

James A. Donald jamesd at
Sun Sep 7 20:50:35 PDT 2003

On 7 Sep 2003 at 12:49, Eric Cordian wrote:
> Secure anonymous digital money will never win out over easy
> to use, good buddies with Homeland Security systems like
> Paypal in the wide adoption Olympics.

Non anonymous digital money is inherently reversible.  For many
purposes, this is a good thing.  For other purposes, damn near
intolerable.  Reversibility imposes large costs on issuer,
buyer, and seller.

Reversibility imposes on all participants not merely the
possibility of tracking identity, but the necessity to track
identity, which is expensive and a major pain in the ass.

         James A. Donald

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