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On Tue, Mar 18, 2003 at 11:36:15PM +0200, Arik Schenkler wrote:
> Sorry for being late in responding.

No problem! Thanks for responding.

> I understand what you say about the theory of Lucre.
> If the coin is being "minted" by the user, there is no way to trace the coin
> "originator".
> So, have you tested the system? Does it work?

Lucre is the technical system for the coin handling. Lucrative is an
application using Lucre to make it work as an usable DBI system.

I did try both. Lucre works, but to actually use it you need some sort
of application on top of it, this is what Lucrative does; both for the
client (purse) and server side.

Lucrative works too, it is work in progress. Patrick keeps improving it
based on comments from users. It is pretty hard to install and there is
no (demo) server yet. I hope that there soon will be a demo server plus
an easy to install purse so everybody can try it.

See http://lucrative.thirdhost.com/ for information.

> > (I assume that you mean the coin itself with 'coin code', not the
> > sourcecode of the system.)
> >
> > With Lucre the coin is (x,z). x beeing a random ID, z beeing
> > the signature of oneway(x). If the mint knows the 'coincode' (x,z), it can
> > track every transaction through the system.
> >
> > Alice funds the system with $100 and gets coin C1 from the mint.
> > ... some time passes...
> > Bob reissues coin C1 for C2 on the mint.
> 
> We at I$ have solved this problem by not asking Bob details. We issue
> another C2 for a legite C1.

It is just how paranoid you are. The mint knows that C1 and C2 are
related. Bob just has to hope that it keeps that info private.

Joris Bontje
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