Jim Choate[SMTP:ravage@einstein.ssz.com]

On Sat, 26 Apr 2003, Major Variola (ret) wrote:

...

One of the attributes that a digital currency system MAY have is whether someone who finds lost currency may spend it. Conventional cash has this property. So do tickets to performances, lottery tickets, bus tokens, prepaid phone cards etc.. A (tamper-resistant) smartcard may have this 'finders keepers' property, or may not.

And anyone with two halves of a clue to rub together will only use a system that -won't- allow this. Who in their right mind is going to give money away...

So Jim, you have no coins in your pocket, or bills in your wallet? The 'Finders-Keepers' attribute greatly enhances non-traceability, while putting the onus for security on the holder. It's a tradeoff, like so many things. Peter Trei