Fate of Ecash if RSA is cracked?

Greg Miller gregmi at galileo.mis.net
Mon Jun 3 00:11:21 PDT 1996


On Sun, 2 Jun 1996 17:42:49 -0500 (CDT), you wrote:

>What would happen with all ecash that's been issued? Of course
>criminals would be able to forge large amounts of authentic-looking
>ecash, so banks should not be honoring requests to convert e-cash into
>real cash.

	As I understand it, ecash shouldn't be withdrawn until shortly before it
is spent.  If the RSA algorithm is broken, then then banks could refuse the
withdrawal (and depositing) of money as ecash.  The remainder of the money in
each users' account would have to be withdrawn through conventional methods.

	Of course all the outstanding (between withdrawl and deposit) ecash
could be a problem.
"Randomness is in the eye of the beholder" --Numerical Recipes
gregmi at mis.net (Greg Miller)
http://grendel.ius.indiana.edu/~gmiller/






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