the cost of untracability?

[Bill Frantz]

At  7:42 PM 4/12/96 -0400, E. ALLEN SMITH wrote:
>From:   IN%"weidai at eskimo.com"  "Wei Dai"  7-APR-1996 10:52:52.30
>
>>I think you're right.  There is no need for the issuer to pay explicit
>>interest.  The easiest way to eliminate signorage would be to steadily
>>increase the value of each denomination of ecash. ...
>
>        Another method would be for ecash to have a label on it as to when the
>issuer would redeem it. Until then, if you want cash from it, find someone else
>to trade to. ...

And if you are using a "first to clear gets the money" system like
Digicash, the holders can race to see who gets the money.


------------------------------------------------------------------------
Bill Frantz       | The CDA means  | Periwinkle  --  Computer Consulting
(408)356-8506     | lost jobs and  | 16345 Englewood Ave.
frantz at netcom.com | dead teenagers | Los Gatos, CA 95032, USA