ecoin.net: anonymous payments today?
Back in 1999, Steve Lihn posted to cypherpunks and some other mailing lists about his new online payment system, ecoin.net. He intended to work towards a blind coin system based on David Wagner's alternative to Chaum blinding, as implemented by Ben Laurie in the lucre library. Surprisingly, he is still in business. Some recent press releases: 8/15/01 eCoin OutExchange service is released. You can transfer fund to/from PayPal and e-Gold. Login and check it out. 7/25/01 Anonymous Cash Certificate is released. MMDH is finally in commercial use. Login and check it out. 6/30/01 PayPal Payment Interface is supported. Now you can transfer fund from your credit card by PayPal. 6/25/01 Managed Access Solution is released. Use eCoin to pay your subscription! 1/16/01 eCoin.net announces that e-Gold payment interface is formally supported. You will be able to purchase eCoins through your e-Gold account! Sounds like it might be worth it just for the transfer to/from PayPal. Also could be an alternative way to fund your e-Gold account anonymously. With the blinding it could be a real anonymous payment system. Credit card to PayPal, PayPal to eCoin, transfer eCoin anonymously, then from eCoin back to PayPal. Anyone want to try a transfer experimentally?
Are you sure it's using blind coins? http://www.ecoin.net/help/operation.htm
As far as the anonymity is concerned, token provides an insulation of customer's identity from the purchase. However, at this point, the linkage between the customer and the tokens is forced because we feel traceability is more important than anonymity in this beginning phase of our operation. Thus the customer is NOT anonymous to the broker because the server traces the connection between the customer and the token at download time. This connection can be disabled (in the future), but then the traceability is lost. If there is any dispute about one transaction, lack of traceability will be a problem.
Adam On Tue, Nov 20, 2001 at 10:14:15AM -0700, Anonymous wrote:
Back in 1999, Steve Lihn posted to cypherpunks and some other mailing lists about his new online payment system, ecoin.net. He intended to work towards a blind coin system based on David Wagner's alternative to Chaum blinding, as implemented by Ben Laurie in the lucre library.
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Adam Back -
Anonymous