The Crisis with Remailers

Matts Kallioniemi matts at pi.se
Tue May 21 12:15:01 PDT 1996


At 15:34 1996-05-21 +0200, bryce at digicash.com wrote:
>Well how do we represent 0.01 U.S. Dollars in Mark Twain 
>Ecash(tm)?  Easy-- we take a few bits of data, interpret it as 
>an unsigned binary number, and then say "this number is how
>many U.S. pennies this coin is worth."

Now we're back to pennies again. I was more interested in your
earlier claim of tiny payments, on the order of $2^-32.

>Actually it can sometimes get more complicated than that, and 
>there are some details about how the forthcoming ecashlib 
>handles this to be found at "http://www.digicash.com/api".

Will the api make it possible to create coins of arbitrary value? Is
the mint software (and the bank accountants) capable of doing
floating point arithmetic?

Matts







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