NODE 0563ac95Re: E-cash and Interest
jim bell <jimbell@pacifier.com>Wed, 10 Jan 96 09:20:27 PST
At 08:20 AM 1/10/96 -0500, you wrote:
>
>I think that you have hit the nail on the head. Money could still 'earn'
>interest until it is spent. The 'bank' still has the 'real' money. In
>fact, it is an improvement over cash, in that you could still earn
>interest on the money on your hard drive.
>Thanks for the clarification.
I think there is another way of looking at the ecash/interest situation:
From upside down, so to speak. If the USE of Ecash avoids (legally or
illegally) income or sales taxes, that constitutes an "interest," in an odd
sort of way. Not "real" interest, of course, but the next best thing.
NODE 694cfbe4Re: E-cash and Interest
Tim Philp <bplib@wat.hookup.net>Thu, 11 Jan 1996 02:19:06 +0800
Jim:
In some respects, it might actually be better. I recall attending
an investment talk where the guru said that a dollar tax avoided was
better than a dollar earned because it was less work! <g>
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On Wed, 10 Jan 1996, jim bell wrote:
> At 08:20 AM 1/10/96 -0500, you wrote:
> >
> >I think that you have hit the nail on the head. Money could still 'earn'
> >interest until it is spent. The 'bank' still has the 'real' money. In
> >fact, it is an improvement over cash, in that you could still earn
> >interest on the money on your hard drive.
> >Thanks for the clarification.
>
> I think there is another way of looking at the ecash/interest situation:
> >From upside down, so to speak. If the USE of Ecash avoids (legally or
> illegally) income or sales taxes, that constitutes an "interest," in an odd
> sort of way. Not "real" interest, of course, but the next best thing.
>
>