-- At 04:06 PM 9/28/98 -0500, Petro wrote:
The problem isn't issueing the tokens, it's the wallets. Token generation would be relatively straight forward, it's the user end.
On the contrary, it is the server end that is hard. Token generation is trivial. Paying for tokens and getting paid for them is not trivial. The problem is that we do not want to force everyone in the universe to be the clients of a single giant issuer. That would bring us right back to the old problem of the tyrannical and oppressive central bank. Visualize the following situation. I buy tokens from Bob, who may be my local ISP. I spend them on a server on a site in Sri Lanka. The owner of the server cashes them with Evonne. My money, aggregated with a multitude of other peoples money in a multitude of other peoples transactions flows by some complex and indirect route to through several different people, and eventually to Evonne, and finally to the owner of the server in Sri Lanka. This is the problem that IBM software, for all its faults, does address, and it is a hard problem. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG RP+4+If1PSzkOerZiquLbdw7GFRzWkLNjIpl59ZX 4XzwciXVO1P+jKBeMQjD7fwhYVJqnuMtiNYJ/PnL2 ----------------------------------------------------- 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