Making Money in Digital Money

[Dave Emery]

On Thu, May 01, 2003 at 12:50:48AM -0400, zem wrote:
> > Not so. What stops editors' output to be re-distributed at zero cost ?
> 
> Editor produces output in the form of signatures that indicate approval
> of content.  Editor encrypts content to customers' public key before
> signing it.  Customer can't redistribute Editor's signature in a form
> that's useful to anyone else without also distributing his own secret
> key.  Hence, re-distributing Editor's output is at the cost of revealing
> one's own secret key (which will have financial consequences if Editor
> arranges the deal correctly).

	But Mallet can just strip her signature and substitute his
and build up a reputation as a quality editor without doing any work.
Nobody needs HER signature if his judgements/filtering are just as
good....




> 
> There are probably neater ways of achieving the same result.
> 
> 
> -- 
> mailto:zem at vigilant.tv F289 2BDB 1DA0 F4C4 DC87 EC36 B2E3 4E75 C853 FD93
> http://vigilant.tv/    "..I'm invisible, I'm invisible, I'm invisible.."

-- 
	Dave Emery N1PRE,  die at die.com  DIE Consulting, Weston, Mass 02493
PGP fingerprint 1024D/8074C7AB 094B E58B 4F74 00C2 D8A6 B987 FB7D F8BA 8074 C7AB