[12130] in cryptography@c2.net mail archive
Re: DBCs now issued by DMT
daemon@ATHENA.MIT.EDU (Bill Stewart)
Mon Dec 9 10:02:42 2002
Date: Mon, 09 Dec 2002 00:57:11 -0800
To: Peter Fairbrother <zenadsl6186@zen.co.uk>
From: Bill Stewart <bill.stewart@pobox.com>
Cc: "R. A. Hettinga" <rah@shipwright.com>,
Digital Bearer Settlement List <dbs@philodox.com>,
<cryptography@wasabisystems.com>, <e$@vmeng.com>, <dcsb@ai.mit.edu>,
<dgcchat@lists.goldmoney.com>, <cypherpunks@lne.com>
In-Reply-To: <BA1467BA.28F62%zenadsl6186@zen.co.uk>
At 02:17 AM 12/05/2002 +0000, Peter Fairbrother wrote:
>OK, suppose we've got a bank that issues bearer "money".
>Who owns the bank? It should be owned by bearer shares, of course.
Why?
>Or the propounders wanting to: make a profit/control the bank?
There are two main reasons honest people start banks -
- either they want to make a profit / gain control / etc.
- or else they want to get banking services with some
predictability they're not finding in the commercial market,
e.g. in the US, this is a Credit Union,
or in many cultures, this is some family or private
group that lends money to each other.
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