At 01:43 PM 2/21/2007, R.A. Hettinga wrote:
I still hold out hope for digital bearer transactions being cheaper than book entries, particularly as transaction settlement times trend towards zero, but gaming the system old-school, with book-entry shells, and mixes, and hops, or whatever, only works for so long, anymore.
[I submitted this for posting on the Cryptography list, cryptography@metzdowd.com, but it has not yet appeared] With the expiration of Chaum's key patents it was assumed that someone would step up an try their hand at launching a DBC-based financial service. Some time has passed and I'm happy to announce that this has finally happened. Taking a cue from the lively Digital Gold Currencies, eCache's first denomination if gold backed. Unlike Digicash's instruments, eCache is using a mixing technique, rather than blinding, to help preserve unlinkability. Its mint is located on a hidden server in TOR-land. More information at: https://ffij33ewbnoeqnup.onion.meshmx.com/doc.php Comments are invited about the technology and governance aspects that such financial services invoke. Steve PS: and Hettinga can comment about why their fees are too high :)