5 Nov
2004
5 Nov
'04
8:49 a.m.
From: owner-cryptography@metzdowd.com [mailto:owner-cryptography@metzdowd.com] On Behalf Of Finney, Hal (CR)
[SNIP discussion on ripping cash]
The problem is that if the source code you are purchasing is bogus, or if the other side doesn't come through, you're screwed because you've lost the value of the torn cash. The other side doesn't gain anything by this fraud, but they harm you, and if they are malicious that might be enough.
Quick fix for seller incentive: the seller rips some amount of their own cash in such a way that they cannot recover it unless the buyer provides the remainder of the buyer's ripped cash. -Michael Heyman