17 Dec
2003
17 Dec
'03
11:17 p.m.
The U.S. government intends to operate a public-key certification system for government users that will also serve the private sector, as well. But a report just completed by Mitre Corp. for the National Institute of Standards and Technology (NIST) puts the price tag at $1 billion for the start-up of the government alone, with a possible $2 billion annual operational cost for managing certificate-revocation lists.
All in all, I'd say this is a pretty good argument for PGP's web of trust model...
I agree. The web of trust still allows for key certification by some central authority -- but I get to choose which central authorities I wish to believe (and pay for).