> Another interesting application is controlled traceability --
> Andy wants to be able to prove he paid Betty, but he does not want
> third parties to be able to prove he paid Betty. 

Mental constructs like this one, complicated schemes that require knowledge of
modular aritmetic to understand, is why this will not happen.

Whatever aspires to replace paper cash for purposes where paper cash is a must
(in real life, conferences don't count) has to be as simple to understand,
verify and manipulate as paper cash itself. 

Flipping bits in the gates or on the wire is not that - unless Joe the Hitman
or Gordon the Dealer or Jeff the Cleaner can well understand it and in addition
to that have implementor's balls within reach if something goes wrong.


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