Re: Hettinga's e$yllogism
1. Government has copy of keys 2. Government misuses keys.
Simple enough for you?
Too simple. Escrow for ecash isn't to allow forging cash, or stealing it. It allows tracing it. If you tell financial experts that making ecash traceable under court order is goint to make electronic commerce impossible, they'll laugh. They already use systems which are even less private than that. Anon
At 1:52 pm -0400 on 6/24/97, Secret Squirrel wrote:
If you tell financial experts that making ecash traceable under court order is goint to make electronic commerce impossible, they'll laugh. They already use systems which are even less private than that.
That's because, like all industrial transaction processes, they're built to run weak transactions on strong, but private networks. The internet enables strong transactions on weak, but public networks, which are way cheaper. Again, *Digital* Commerce *is* Financial Cryptography. Cheers, Bob Hettinga ----------------- Robert Hettinga (rah@shipwright.com), Philodox e$, 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 e$ Home Page: http://www.shipwright.com/
participants (2)
-
Robert Hettinga -
Secret Squirrel