17 Dec
2003
17 Dec
'03
11:17 p.m.
The point is not that B. Dolan's proposed cash is bad, it is that better systems exist. Chaum's blinded c{sh is simiXoar to Dolan's proposal, but with the added feature that the "passwords" that~r authorize access to the bank account can be altered by the users so that the bank does not recognize them later, while still allowing the bank to verify that the "passwords" are valid. This eliminates the trackability allowed by Dolan's proposal. (Sorry about the line noise!{ Hal