-----BEGIN PGP SIGNED MESSAGE----- At 09:26 AM 8/11/97 +0200, Mike wrote:
I would have two accounts at MTB, one for savings and one for transactions. I want to give away a million bucks, so I deposit that amount in the transactions account. Then I give the account password to the receiver, he withdraws the money, and I change the password so he can't get any more money from me. I trust the receiver not to change my password, but if he does change it, then I can simply ask MTB to change it back, explaining that I lost my password.
Would this work?
Should work just dandy, with this note: You must destroy your wallet on disk for the transactions account and recreate after every "transfer" is complete. This is because the sequence numbers on mint messages will not match and the MTB client will complain about it and reject the messages. However, you can re-create your wallet with no problems at all. (Note to Digicash developers, if you're reading, please allow any sequence number greater than or equal to the expected value in future wallets. There is a really obscure and damned difficult attack that can be mounted against this, but the alternative is a non-portable wallet. Not being able to have an arbitrary number of wallets for the same account is mucho annoying). BTW, there are better solutions to operating without a mint account, but they are not widely available yet. Regards, Jeremey. -----BEGIN PGP SIGNATURE----- Version: PGP for Personal Privacy 5.0 Charset: noconv iQCVAwUBM+7IYS/fy+vkqMxNAQHKHQP/WMtgWY5rswZjpNRvk56f0LY/DVe078xC 09Z8DG1dmIZbBCWlTqO5fujZlH83B2S7covw8K3YtVeCF74IlOI5TeOEVVgVZHnp 0/iLafMjEWQBy8/PHxy6IOJeWy0LX2kgJozWTztu6AlcCGvRJx3gRUK14UxMz1mJ HY3wiupNPfg= =Laum -----END PGP SIGNATURE----- -- Jeremey Barrett BlueMoney Software Corp. Crypto, Ecash, Commerce Systems http://www.bluemoney.com/ PGP key fingerprint = 3B 42 1E D4 4B 17 0D 80 DC 59 6F 59 04 C3 83 64