Re: Money is about expected future value....nothing more, nothing less

2002-12-10 Thread Marcel Popescu
From: Tim May [EMAIL PROTECTED] Isn't this what I said? Yes, I agreed with you with regard to the law as it is in the UK. I corrected my mistake. Mark

Re: Money is about expected future value....nothing more, nothing less

2002-12-09 Thread Marcel Popescu
From: Tim May [EMAIL PROTECTED] Mark cited the Bank of England, not U.S. law. I don't know what British law is in this regard. It does appear that the law in England is not as demanding as I believed: http://www.bankofengland.co.uk/banknotes/legaltender.htm The concept of legal tender is

Re: Money is about expected future value....nothing more, nothing less

2002-12-09 Thread Tim May
On Monday, December 9, 2002, at 03:23 AM, Marcel Popescu wrote: From: Tim May [EMAIL PROTECTED] Mark cited the Bank of England, not U.S. law. I don't know what British law is in this regard. It does appear that the law in England is not as demanding as I believed:

Re: Money is about expected future value....nothing more, nothing less

2002-12-09 Thread Ken Brown
Marcel Popescu wrote: It does appear that the law in England is not as demanding as I believed: http://www.bankofengland.co.uk/banknotes/legaltender.htm The concept of legal tender is often misunderstood. Contrary to popular opinion, legal tender is not a means of payment that must be

Re: Money is about expected future value....nothing more, nothing less

2002-12-07 Thread Jim Choate
On Thu, 5 Dec 2002, Tim May wrote: [At least 4-5 of Hettinga's e$/digibucks/qwatloos chat lists elided from this distributioninstead of creating so many lists, ... well, it's obvious what the instead of ought to be.] On Wednesday, December 4, 2002, at 06:17 PM, Peter Fairbrother

Money is about expected future value....nothing more, nothing less

2002-12-05 Thread Tim May
[At least 4-5 of Hettinga's e$/digibucks/qwatloos chat lists elided from this distributioninstead of creating so many lists, ... well, it's obvious what the instead of ought to be.] On Wednesday, December 4, 2002, at 06:17 PM, Peter Fairbrother wrote: OK, suppose we've got a bank that

Re: Money is about expected future value....nothing more, nothing less

2002-12-05 Thread Tim May
On Thursday, December 5, 2002, at 10:31 AM, Tim May wrote: Swiss banks could take in and dispense from accounts without any identity credentials (the passwords and equivalents to signatures and chop marks) because of this basic point about Bayesian probability. Swiss banks were not