What is Shaum-style E-Cash? Was this the old Digicash? Wasn't the idea similar to the old American Express Travelers Checks where the cash was tied to serial number?
I am curious how does this style allow banks to better control the money supply? Better than say a Federal Reserve requirement which is also an electronic ledger of sorts?
The difference is that with E-Cash you can have anything as a bases, you could issue E-Cash Doller or E-Cash Bitcoin.
> I am curious how does this style allow banks to better control the money supply? Better than say a Federal Reserve requirement which is also an electronic ledger of sorts?
Better compared to Bitcoin, not the system we already have.
Ecash+Bitcoin could be better then the current system because the Fed can actually change the base money, with Bitcoin that is not possible, but with Bitcoin+Ecash you would still have a fixed size base currency, while 'banks' could still increase and decrease the amount of E-Cash in circulation.
I am curious how does this style allow banks to better control the money supply? Better than say a Federal Reserve requirement which is also an electronic ledger of sorts?