CDR: RE: Jim Bell

[Andrew Drapp]

Anonymous wrote:

> You're assuming an offline cash system with embedded identity.  It is
> more likely that initial digital cash implementations will be online.

And...

> Offline cash really can't compete.
> Attempting to trace, identify, catch and punish double spenders will
> be overwhelmingly more expensive than simply checking directly that the
> cash hasn't been spent before.

I have to day that I strongly disagree with the above.  There are 
several current offline ecash systems which do not require expensive
(or even require at all) systems on checking double spent value.

Specifically I am referring to Mondex.  While there are several 
disadvantages to Mondex, and the fact that it is not truly anonymous,
it does currently allow secure offline transactions.

Regards,

Andrew Drapp

--
Andrew Drapp <andrew.drapp at hitachi-eu.com>
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