17 Dec
2003
17 Dec
'03
11:17 p.m.
On Fri, 17 May 1996 jamesd@echeque.com wrote:
In some businesses we can solve this problem by cryptographic control mechanisms, such as open books banking. In others, such as net startups, I see no solution other than increased reliance on personal individual capital.
I've seen the phrase "open books" used several times in the past on this list. Can anyone explain what it means or provide some references? Wei Dai