~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SANDY SANDFORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C'punks, Boy, am I glad I started the REAL WORLD ENCRYPTION thread. The responses I *didn't* expect were, of course, the most useful. Some of your assumptions and thoughts really took me by surprise. As a result, I will be posting a few follow-up messages to clarify some of the concepts my digital bank compatriots and I expect to implement in our bank project. DIGITAL MONEY--One of the assumptions many of you made, was that "digital money" is some sort of replacement for national currencies. It is not. As Eric Hughes indicated in his recent post, digital money (or "cryptocash" as Eric said it) is transactional money. It's just a way of moving money. I think it was a misunderstanding of this point that lead someone to ask if separate digital banks would offer "different digital money." When other digital banks open their doors, we will negotiate procedures to clear inter-bank digital transactions. This would be done much in the same way that banks now accept each others' checks. procedures. In addition, We have plans for an even more imaginative solution to this issue. I will address some other topics in subsequent posts. S a n d y P.S. For the time being, please send UNencrypted private e-mail to my CRL address (sandfort@crl.com). Please send PGP encrypted private e-mail to my AT&T address (ssandfort@attmail.com). -----BEGIN PGP PUBLIC KEY BLOCK----- Version: 2.2 mQCNAisarBkAAAEEAMPHv7QMAR2Ulp55v7MhN1eif09AX2dfgAF4OtOrssSn7s07 dzuXHWN0L6W3XnwbtCxsJxynffwwUQ9FAheNdifNFqIXwO1QGPvlKJEcwTCrzE1f Jonqzzm0/z8zop4mfpsEPKOwwNCLHqIRRjAV3N2KJkVJlLvSeU5ULTXct1IzAAUR tCZTYW5keSBTYW5kZm9ydCA8U1NBTkRGT1JUQEFUVE1BSUwuQ09NPokAlQIFECui Vvvidd4O/2f3CwEBIIED/2yn8/BatDmefA48EEwa3emgj5hSzpWvvYPlf2LLdBEk FFMKRG1QF9tgZddwfaFWDUMC+9pOYWCzbq3ssTRqMsCDKPOvn5pf4plxHvHcVgZO 9bJ8B8xjkeZpwN5TNF2bldm6RvmiAoNG5A+B6keBnX3bTyxd/b7xXHKw57mvNjGj =NY1q -----END PGP PUBLIC KEY BLOCK----- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~