On Aug 26, 13:47, Mike wrote: } Subject: Re: ncash? (was Re: pgp details)

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It doesn't provide payee anonymity, coins are neither divisible nor

Lucky Green wrote: transferable, why do you bother?

Could it be... because Chaum won't license?

That's not nescessary, actually. All you need is for the mint to put _no_ information at with the coin except it's serial number and a signatrue (possibly a timestamp as well). Voila, anonymity. I was thinking of implementing a low-cost server ofthis type, but there's the trust problem: this nym is relatively new...

Any ecash is better than none, and until Chaum's patent expire we probably won't have an ecash system with all the bells and whistles. Just consider that Mark Twain has been up for two years and they still don't have a client that implements crash recovery (recover your money if your disk crashes)! At last count they had all of 32 merchants signed up.

There might be other reasons for this: have you looked at their _fees_??? Holy crap! That's the only reason I don't have an account. They're charging top dollar for every aspect of a system that has it's only overhead in minimal amounts of CPU time. I was thinking of having my server charge only on deposit of real money and only a tiny amount (like 1-2%). I.e. no charge at all to open an account to recieve money...