Re: All our eggs in one basket?
What would happen if your bank suddenly told you that it had no proof that you really had an account there?
Wonderer
Theoretically, this problem is prevented by using protocols that incorporate non-repudiation mechanisms. The bank wound not be able to make such a claim. Or, another way of saying it, were the bank to make such a claim, you would be able to prove them wrong. However, proving them wrong while also retaining your anonymity may be a trick. It would depend on the design of the non-repudiation mechanisms. How do you prove to a third party that someone is falsely repudiating a valid contract or transaction without revealing any information about yourself? Conversely, how do you defend yourself against false claims of repudiation without revealing any information about yourself? After all, someone might try to discover your identity by making false claims about you, and forcing you to defend yourself. (Sound familiar?) Jim_Miller@suite.com
Jim Miller says:
However, proving them wrong while also retaining your anonymity may be a trick.
If all transactions require digitally signed confirmation from the bank, you have an audit trail from them that they can't deny was theirs. Perry
participants (2)
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jim@bilbo.suite.com -
Perry E. Metzger