Sir, I am still lurking on the Information Railroad(TM) I am still trying to preserve privacy while maintaining accountability for all parties. Technical solutions are insufficient, no matter how innovative. My greatest problem today is the lack of sophistication of decisionmakers. Very few people understand the technology, economics, and politics of electronic commerce. Keeping governments from making the wrong decisions is difficult. Keeping bankers from doing the same is even more difficult. Most of the discussion occurs between bank marketing and R&D types. Compliance, operations, security, risk management, and legal counsel units within banks are often uninformed about the efforts of the technology delivery groups. It is also difficult to offer financial services to the new world. It is not easy to "know your customer," evaluate risks, and price the risks when you cannot verify their identity or reach them easily. Bankers prefer orderly environments to anarchy. So do governments. ****Extremely Personal Observation***** So do I. I like privacy, I do not need true anonymity nor do I wish to engage in significant interaction or be exposed to anonymous persons. IF SOMEONE WEARING A HOOD OR A MASK COMES TO MY DOOR THEY WILL BE AUTOMATICALLY VIEWED AS AN IMMEDIATE THREAT. I may classify non-anonymous persons as threats after evaluating available information. Banks and governments will similarly look askance at those who wish to wear masks when engaging in commerce. Respectfully, Kawika Daguio THE ABOVE ARE MY PERSONAL OBSERVATIONS NO ONE IN SHOULD ATTRIBUTE THE SENTIMENTS EXPRESSED TO THE ASSOCIATION OR OUR MEMBERS.

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Timothy C. May <tcmay@got.net> 10/22/95, 11:19pm >>>

I saw this on the Cyberia list. Those of you near Washington, D.C. may find this worth attending. By the way, one of the speakers, Kawika Daguio, was once on this list (and may still be, though I haven't seen posts from him in a while). --Tim May

Date: Sun, 22 Oct 1995 17:04:32 -0400 Errors-To: thardy@mail.wm.edu Reply-To: cyberia-l@warthog.cc.wm.edu Originator: cyberia-l@listserv.cc.wm.edu Sender: cyberia-l@warthog.cc.wm.edu Precedence: bulk From: "Cleveland Thornton" <thornton@legalbits.com> To: Multiple recipients of list <cyberia-l@warthog.cc.wm.edu> Subject: (Fwd) DIGITAL CASH IN AN ELECTRONIC WORLD X-Listserver-Version: 6.0 -- UNIX ListServer by Anastasios Kotsikonas

For those in the Washington, DC area, you may find the following meeting of interest,

------- Forwarded Message Follows ------- Date: Sat, 21 Oct 1995 21:54:36 -0400 (EDT) From: Andrew Grosso <agrosso@access.digex.net> To: Cleveland Thornton <cthornto> Subject: Please Post

THE FUTURE OF MONEY: DIGITAL CASH IN AN ELECTRONIC WORLD

The evolution of money has now completed a one hundred eighty degree turn from the point where our economy began: from a barter marketplace; to paper currency; and, today, to pure information exchanged globally over telecommunications lines. Money is digital, and can be created, utilized, and transmitted by individuals and companies, as well as by governments.

On Thursday, November 2, at noon, the Computer Crime Subcommittee of the ABA will host a luncheon program which will examine the birth and promise of digital cash. The speakers repre- sent all three of the important organizations participating in this venture: designers, bankers, and governments: