| | let's take just one of the above as an example: high-value monetary | transactions - the only item in the list that I am somewhat familiar | with. | | I can not think of a single scenario where the two parties that do | that, prefer a trust chain that includes a third party for introduction | and identity vouching instead of the out-of-channel shared secret | or key fingerprint exchange. However, secure mass retail system is | pretty well impossible without such trusted third party. |
Premise: The higher the value of the transaction, the less likely it is done between parties that do not already know each other. Consequent: The market opportunity is in protecting 1,000,000 x $10 transactions, not protecting 10 x $1,000,000 transactions. Complicating Factor: The fully automated opponent sees those two multiplications as equal. --dan _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
