-- At 05:10 PM 9/27/98 -0700, James A. Donald wrote:
But for the scheme to be successful, we need many token issuers
At 10:32 PM 9/27/98 -0400, Robert A. Costner wrote:
Is there existing open software available for this?
IBM is proposing that anyone, or many people, will be free to act as issuers of promises to pay in their proposed microcash system. Obviously their system is not very open, but unlike previous amateurish proposals for microcash, it does support a rich system of intermediaries transferring aggregated promises to pay. We really need an open system, which IBM is not, which goes down to millicent values, which IBM does not, and which supports intermediaries moving aggregated transactions, so that customer and server to not have to be clients of the same intermediary, which IBM does support, and previous proposals for micropayment did not. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG Wew5mzbrzY0w3HicOSQ4AfZq5mUz1m+2tsx31B+Z 4qFN1ClYcfHx6uSYTNssozZoWye7rdANKGzzp16kS ----------------------------------------------------- We have the right to defend ourselves and our property, because of the kind of animals that we are. True law derives from this right, not from the arbitrary power of the omnipotent state. http://www.jim.com/jamesd/ James A. Donald