RE: The Crypto-Financial Paradox

-- On 21 Nov 2001, at 23:26, Ryan Lackey wrote:

Bob Hettinga wrote:

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Quoting "Blanc ":

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But sometimes it seems like it will be a Cold Day in Hell before that happens.

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(Ryan, would you make this your next project? We'd all appreciate it *ever* so much.)

I think I've figured out why ecash hasn't been deployed.

1) "Math is hard! Let's go shopping!" 2) Yet, ecash can be used for shopping.

The resulting paradox has rendered ecash a logical impossibility :)

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Not to un-swash his buckle, and all that, because he really deserves massive kudos for what he's done with HavenCo., but Ryan's already tried that, once before, on Anguilla, if we all remember, and it wasn't at all pretty (cf. Declan's articles earlier this year about the E-Gold/Systemics pissing contest).

Twice, actually, if you count HINDE.

I never understood what went wrong in those plans -- I just saw people flaming each other and tuned out -- the cloud of misinformation was sufficient that I did missed the information, or neglected to separate it from the misinformation. I carefully followed the failure of Mark Twain digicash, and understood why that failed. Why did the various other attempts fail? I recollect that when I checked various web pages, the software, in my humble opinion, simply sucked mightily -- unacceptable user interface, so I perceived simple technical failure, or perhaps the software was never completed to the state that people optimistically described it as achieving. The flame war suggests some human failure that I failed to comprehend, which may have resulted in the technical failure, or failure to complete the software Or perhaps the technical failure led to human failure, as people blamed each other rather than fixing it? --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG VZfEAPd3JcUJAdj7inlviZSSoz5KRZ/F+fa6LBh 4042Nz6KXh4xXSnju8GOgAAZfnBTfQujGZc9uxsSt