On Sat, 15 Jun 2002, R. A. Hettinga wrote:
At 12:21 AM -0700 on 6/15/02, Morlock Elloi wrote:
The security is proportional to wetware cycles burned per transaction.
I guess I don't think that's right.
Sooner, hopefully rather than later, machines will be able to buy things from other machines using on-line cash.
The risk will be absorbed by having a multitude of underwriters of cash instead of a single issuer for all cash, so you're partly right.
But the point is, you can have an authenticated on-line transaction, at least at a risk low enough to move all kinds of money around safely.
With all due respect, if this were [yet] true, I submit it would be happening.
Cheers, RAH
-- Yours, J.A. Terranson sysadmin@mfn.org If Governments really want us to behave like civilized human beings, they should give serious consideration towards setting a better example: Ruling by force, rather than consensus; the unrestrained application of unjust laws (which the victim-populations were never allowed input on in the first place); the State policy of justice only for the rich and elected; the intentional abuse and occassionally destruction of entire populations merely to distract an already apathetic and numb electorate... This type of demogoguery must surely wipe out the fascist United States as surely as it wiped out the fascist Union of Soviet Socialist Republics. The views expressed here are mine, and NOT those of my employers, associates, or others. Besides, if it *were* the opinion of all of those people, I doubt there would be a problem to bitch about in the first place... --------------------------------------------------------------------