Someone sent me a private message saying he/she had had similar ideas, but had not figured out how the digital cash could be redeemed for "real money." I don't encourage people to send me off-list questions and comments if the topic is of main importance to the list. I sent this person the following reply. His/her comments and address are not included. His/her question was about whether the redemption issue isn't the stumbling block to such schemes: >In the versions of DC that have been supported, it is readily >redeemable in real money. Mark Twain Bank and Deutsche Bank were two >of the outfits that briefly offered it. > >Although they chose to only offer the weaker spender-untraceable form. > >Remember, as the DC is untraceable, anyone buying it and immediately >redeeming it is indistinguishable from someone receiving it in a >transaction and then redeeming it. > >I didn't say such forms of cash were out there now, but that the means exist. > >Please have such discussion on the main list. I will post my reply >to the main list, without your text to me or your name. Such >discussions belong on the main list, and I don't have the time to >write lengthy replies sent only to one person, hence the brevity of >this reply. > --Tim May -- Timothy C. May [EMAIL PROTECTED] Corralitos, California Political: Co-founder Cypherpunks/crypto anarchy/Cyphernomicon Technical: physics/soft errors/Smalltalk/Squeak/agents/games/Go Personal: b.1951/UCSB/Intel '74-'86/retired/investor/motorcycles/guns
