On 24/09/11 11:46 AM, James A. Donald wrote:

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Also, what if we had real cryptographic money, with anonymity? In other words: the payments system cannot be the trusted third party for everything.

On 2011-09-24 4:08 AM, John Levine wrote:

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Then malware would steal the crypto wallets. See Bitcoin.

Yes. This is one reason why my system was built out of psuedonyms, with blinding as an added feature [0]. At the ultimate accounting, massive theft could be dealt with. With expense. I think I had to close out an account only once tho.

Yet Bitcoin, nonetheless, works.

How's BitCoin doing? I saw two issues, being the lack of a substantial grounding in contractual valuation (design issue), and the rather dodgy hackability of the software (implementation issue). In the event, these two conspired to cause volatility that makes the big markets look like a calm sea... Fun to watch and play, not recommended to invest :P iang [0] Actually, DigiCash used the same design, they just hid it coz the cypherpunks didn't like it :) _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE