At 05:11 PM 11/18/01 -0800, [EMAIL PROTECTED] wrote: >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,
hmmm. >> 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. but why did governments engage in the vigorous and frequent application of bayonets and batons to render their money independent of precious metals?
