Re: DBCs now issued by DMT
At 4:06 PM -0800 on 12/3/02, Somebody wrote:
I forgot to ask: who the hell is DMT?
Nobody I ever heard of...
How are they marketing this stuff -
on a website with only an IP address... :-).
or, who have they gotten to use it thus far?
Nobody I ever heard of... However, that old volcano's giving off some tasty beta-waves, dontcha think? Cheers, RAH [Sounds like a low "C" to me...] -- ----------------- R. A. Hettinga <mailto: rah@ibuc.com> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to majordomo@wasabisystems.com
OK, suppose we've got a bank that issues bearer "money". Who owns the bank? It should be owned by bearer shares, of course. Can any clever person here devise such a protocol? I'd guess that all the Bank's finances should be available to anyone who asks. That should include an accounting of all the "money" issued. And not be reliant on one computer to keep the records. Or the propounders wanting to: make a profit/control the bank? -- Peter Fairbrother (who's drunk now, but will be sober tomorrow, and may regret posting this then...)
At 02:17 AM 12/05/2002 +0000, Peter Fairbrother wrote:
OK, suppose we've got a bank that issues bearer "money". Who owns the bank? It should be owned by bearer shares, of course.
Why?
Or the propounders wanting to: make a profit/control the bank?
There are two main reasons honest people start banks - - either they want to make a profit / gain control / etc. - or else they want to get banking services with some predictability they're not finding in the commercial market, e.g. in the US, this is a Credit Union, or in many cultures, this is some family or private group that lends money to each other. --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to majordomo@wasabisystems.com
participants (3)
-
Bill Stewart -
Peter Fairbrother -
R. A. Hettinga