Digital Currency

[Michael L Torrie]

On Mon, 2007-07-02 at 13:39 -0400, Jonathan Ellis wrote:
> That's why it's called science _fiction._ :)

Well Daniel wanted to know if it was really possible, though.  I'm
saying no it's not for the following reasons:

- nothing can ge guaranteed to be not counterfeit-able, although public
key encryption can maybe help
- anonymous digital currency transfer is not politically feasible
- digital currency transfer (cash or no) requires a strict double-entry
system, which can't be done on peer-to-peer, anonymous transfers of
tokens

In short, digital cash holds as much promise as DRM.  Yes it is science
fiction.


> 
> /*
> PLUG: http://plug.org, #utah on irc.freenode.net
> Unsubscribe: http://plug.org/mailman/options/plug
> Don't fear the penguin.
> */
>