At 9:30 AM -0400 10/25/04, Trei, Peter wrote: >If we're going to insist on dedicated, trusted, physical >devices for these bearer bonds, then how is this different >than what Chaum proposed over 15 years ago?
I don't think that face to face will be necessary. It just means keeping control of your keys, etc. You can stash bearer-bonds on the net in m-of-n storage, where nobody knows what's what, paid by the bit, etc. >If you just add a requirment for face to face transactions, >then I already have one of these - its called a wallet >containing cash. Certainly bits are smaller. See above, though. Cheers, RAH -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]