At 12:20 AM -0400 on 5/25/01, CCS wrote:
> this was not exactly true. The cryptocraphic protocols of digital
> bearer instruments certainly make them more secure but there still
> is vulnerability due to the need for communication with a central
> clearing mechanism.
Actually, the double spend database doesn't have to be centralized.
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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'
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