-- On Tue, 12 Nov 2002, Nomen Nescio wrote: > > > According to this link, > > > http://www.infoanarchy.org/?op=displaystory;sid=2002/11/11/4183/2039 > > > a new form of digital cash called "yodels" is being > > > offered anonymously:
On 12 Nov 2002 at 7:31, Steve Schear wrote: > Correct they are a bearer share issuer, like the Digicash > licensees before them. They claim to hold value denominated > in some units of account (in their case DMT) as their asset > backing. The challenge for Yodel will come in convincing > potential users that: DMTs have sustainable value, that Yodel > is really fully backed by DMTs, that Yodel's operators can be > trusted not to abscond with the value exchanged for Yodels or > refuse to exchange them for DMTs at some future time. All > while reamining anonymous. A pretty tall order I should > think. Pseudonymous, not anonymous. What is a corporation but a nym? Any swindling you can do with a pseudonym, you can do with a corporation. > At least initially, many Yodel users may want only to use > them mainly as a mixmaster between DMT accounts. With e-gold, one can perform one's mixing in a furnace. With DMT, cryptographic mixes are the only practical solution. Problem is that most users will not understand cryptographic mixing, whereas they do understand a furnace. --digsig James A. Donald 6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG 50wZVsHzWVCcQBwTOHonjfe6YktnJgFEe7CRcnOu 4qPIe4UB2pjTm4BTLInH60M2fku9pH217a/zFX8Jc