[e-gold-list] DBCs now issued by DMT

2002-12-03 Thread R. A. Hettinga
I suppose that if it's not blinded, or at least functionally anonymous,
like you'd get with statistically-tested streaming cash, it's not *that*
bearer, but, hey, that's just *my* opinion, right?

:-).

I would assume that anything that has accounts with client names on them is
probably not bearer, either, though Mark Twain did something quite like
that.

Which, not coincidentally, brings us back to the loading problem. Most of
us who think about these things have gotten to the point that Doug Barnes
got to with his Mondex talk at the FC97 rump-session: that is, you need a
popular internet payment system to collateralize/load whatever bearer
certificate you issue, and the faster that settles, the better.

We're getting there, maybe even faster than we think.

Cheers,
RAH

--- begin forwarded text


Status: RO
Date: Tue, 03 Dec 2002 13:55:54 -0800
To: [EMAIL PROTECTED]
From: Steve Schear [EMAIL PROTECTED]
Subject: DBCs now issued by DMT
Sender: [EMAIL PROTECTED]

Digital Monetary Trust now supports Digital Bearer
Certificates.  https://196.40.46.24/dmtext/jog/dmt_bearercert.htm Although
the DBC are not blinded, DMT claims it maintains no client data on its
accounts so there is a modicum of anonymity in transactions.

steve

A State must pay attention to virtue, because the law is a covenant or a
guarantee of men's just claims, but it is not designed to make the citizens
virtuous and just
-- Aristotle

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: DBCs now issued by DMT

2002-12-03 Thread R. A. Hettinga
At 4:06 PM -0800 on 12/3/02, Somebody wrote:


 I forgot to ask:  who the hell is DMT?

Nobody I ever heard of...

 How are they marketing this
 stuff -

on a website with only an IP address... :-).

 or, who have they gotten to use it thus far?

Nobody I ever heard of...

However, that old volcano's giving off some tasty beta-waves, dontcha think?


Cheers,
RAH
[Sounds like a low C to me...]

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: DBCs now issued by DMT

2002-12-03 Thread R. A. Hettinga
At 4:03 PM -0800 on 12/3/02, Somebody wrote:


 Using xmlrpc for message passing, no less!  Man, you gotta love that
 for simplicity.

One mustn't let the best kill the good enough, certainly, though, without
blinding, it'll be interesting if this airplane lifts its wheels,
security-wise.



Cheers,
RAH


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: DBCs now issued by DMT

2002-12-03 Thread R. A. Hettinga

--- begin forwarded text


Status: RO
Date: Tue, 3 Dec 2002 16:06:12 -0800
Subject: Re: DBCs now issued by DMT
From: Tim May [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]

On Tuesday, December 3, 2002, at 01:55  PM, Steve Schear wrote:

 Digital Monetary Trust now supports Digital Bearer Certificates.
 https://196.40.46.24/dmtext/jog/dmt_bearercert.htm Although the DBC
 are not blinded, DMT claims it maintains no client data on its
 accounts so there is a modicum of anonymity in transactions.


Well, on the Modified May Anonymity Scale, where would take a billion
years to crack is good, and where  will require subverting 20
servers and cracking each's mapping is OK, this rates a takes a
phone call, which makes it not good.

Trust us.

Boring. Thinking this is a step in the right direction is like thinking
building a tall tower is a step toward going to the moon.



--Tim May
The only purpose for which power can be rightfully exercised over any
member of a civilized community, against his will, is to prevent harm
to others. His own good, either physical or moral, is not a sufficient
warrant. --John Stuart Mill

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Riiight... (was re: E-gold Departament)

2002-10-28 Thread R. A. Hettinga

--- begin forwarded text


Status: RO
Date: Tue, 29 Oct 2002 02:47:54 GMT
From: www.e-gold.com [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: E-gold Departament


Login to access your e-gold account
The administration of payment system E-Gold informs:
That you have not correctly entered the personal information.
Please, go into the E-gold account and correct the personal data!
Account Number:
https://www.e-gold.com/acct/help.asp#   Store my account number on my
computer. (https://www.e-gold.com/acct/help.asp#more info...)  
Passphrase: https://www.e-gold.com/acct/help.asp# javascript:opensrk()
Turing Number:  https://www.e-gold.com/acct/help.asp#
Enter sequence of numbers displayed in grid directly above.
(https://www.e-gold.com/acct/gen3s.asp?x=2025y=B4A525530228EA256BC0AEBAF2C85032Audible
Turing Number)

http://www.e-gold.com/unsecure/pgpkey.htm#about passphraseForgotten
Passphrase?


Click  for help with a selection.
© 2000 e-gold Ltd.

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: Business Idea

2002-10-09 Thread R. A. Hettinga

At 11:20 AM -0500 on 10/9/02, [EMAIL PROTECTED] wrote:


 Whoever owns the music, owns the music, end of story.

Wrong. Who ever owns a *copy* of the music, owns a *copy* of the music.

The fact that the law isn't keeping up with the technology isn't the fault
of the technology.

It would be quite simple to create a recursive-auction market for *copies*
of a given bit of content/software that would pay *substantial* amounts of
money for the *first* copy, and marginally over the cost of bandwidth for
the last copy.

Look, Ma, the people who make the best new stuff make the most money, and,
guess what, no lawyers...

Hettinga's definition of Intellectual Property: If it's encrypted, and I
have the key, it's my property.

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: Business Idea

2002-10-09 Thread R. A. Hettinga

At 6:51 PM -0600 on 10/9/02, John Kyle wrote:


 If I spend the next 6 months in my
 attic writing a sequel to Atlas Shrugged, and the moment I begin to sell
 them someone posts the entire thing to the internet and everyone downloads
 it for free, where is the justice in that?


It's not justice. It's foolishness. It's what you get for not auctioning
that content off to the highest bidder, over, and over, and over, until the
bid price is cheaper than your cost of storage.

I expect that if you did that, you'd make more than the average book
advance, which is what most authors end up with, and, probably, *way* much
more, if people want what you're selling.

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: Winnner! (was Re: Triumph the Fabulous ......)

2002-10-02 Thread R. A. Hettinga

-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

At 9:21 AM -0400 on 10/2/02, James M. Ray wrote:


 Correct! (I was expecting Bob H. to get it!) Please
 send me your account number.

Paradoxically, RAH was out helping with a warehouse move yesterday,
both
to help a friend and to work off a rather large Harvard Club bill.

Oh, how the mighty have fallen. ;-).

Cheers,
RAH

-BEGIN PGP SIGNATURE-
Version: PGP 7.5

iQA/AwUBPZtOvcPxH8jf3ohaEQJG4gCgqM2EHmKRpYBuQUuGObA+EQt8NkMAn3nb
RqJIzeu3dZ9tOJtlIKRKm3xX
=FmgF
-END PGP SIGNATURE-

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] On the outright laughability of internet democracy

2002-08-10 Thread R. A. Hettinga

-BEGIN PGP SIGNED MESSAGE-
Hash: SHA1

(was Re: [dgc.chat] Re: [e-gold-list] Re: Thanks to Ragnar/Planetgold
and Stefan/TGC)

At 12:53 PM +0200 on 8/10/02, Arik Schenkler wrote:


 Internet voting, IMHO, will bring true democracy rather than a
 representatives democracy.

Well, that's just plain wrong.

Go look up discussions on google about cryptographic protocols for
internet voting. It just ain't possible without the most strict,
obscene, biometric, draconian, is a person, non-anonymous methods
you ever saw. Lions, tigers, and precious bodily fluids, boys and
girls.

The point to democracy, in the industrial/agricultural political
sense, is one man, one vote. One *anonymous* vote. On the net,
paradoxically, that is completely impossible. Votes can be sold. If
you fix it so that you can't sell votes without forgoing your
identity -- and thus your freedom -- and physically showing up
somewhere to vote, or at least proving that you have a device that
identifies you as a voter in the most immediate terms possible, you
can sell your vote, anonymously, on the net, for whatever the market
will bear, and *that* person can *re*sell your vote, and so on, just
like it was voting rights to a share of stock. That bit of
cryptographic mobiosity is probably down at the semantic level of
consistency versus completeness. Somewhere, Goedel and Russell are
laughing.

The net result, of course, of any kind of truly anonymous internet
voting, is anarchocapitalism, where people sell their voting control
over assets, including political assets, over and over in secondary
markets, on a continuing basis, in real-time. No political small-d
democrat (or small-r republican, or small-l libertarian, whatever)
I've ever heard of would call that a true democracy.

That particular prospect has anarchocapitalists, and
crypto-anarchists, out at the bar, buying both Herr Professor Goedel
and Lord Russell a beer or two...

Cheers,
RAH

-BEGIN PGP SIGNATURE-
Version: PGP 7.5

iQA/AwUBPVWANsPxH8jf3ohaEQLSXwCg7ohcz+ZCxGsX86HQSXFJHK3OOD8AoJAW
8doH9VU+LyGdpZ4x6zmz74Bv
=G4Fp
-END PGP SIGNATURE-

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: Fwd: [fc] Financial Cryptography 2003 CFP

2002-07-25 Thread R. A. Hettinga

At 1:19 PM -0400 on 7/25/02, James M. Ray wrote:


 (by design, since Bob Hettinga lives in Boston)

Bob Hettinga is no longer affiliated, though. Looks like I'm going to be
shovelling snow this year.

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: Credit card usage

2002-06-27 Thread R. A. Hettinga

At 5:15 PM -0400 on 6/27/02, George Matyjewicz wrote:


 Does anybody know where I can find credit card usage by region of the
 world?  i.e., number of accounts or percentage of population in Europe, US,
 Asia, etc.I'm trying to put together some stats on cards vs use of cash
 vs gold.

The Bank for International Settlement has some statistics.

Committee for Payments and Settlements page:

http://www.bis.org/cpss/cpsspubl.htm

Electronic Money Survey:

http://www.bis.org/publ/cpss48.htm

Technological reccommendations for settlement systems...

http://www.bis.org/publ/cpss46.htm

etc...

Cheers,
RAH


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] John Quarterman Debates the Dangers of Internet Monoculture

2002-05-21 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Tue, 21 May 2002 16:57:18 -0400
To: [EMAIL PROTECTED], [EMAIL PROTECTED]
From: R. A. Hettinga [EMAIL PROTECTED]
Subject: John Quarterman Debates the Dangers of Internet Monoculture
Sender: [EMAIL PROTECTED]
Reply-To: R. A. Hettinga [EMAIL PROTECTED]

http://www.businesswire.com/cgi-bin/f_headline.cgi?day1/221402573ticker=


BW2573  MAY 20,2002   10:27 PACIFIC  13:27 EASTERN





( BW)(MA-MATRIX-NET) John Quarterman Debates the Dangers of Internet
Monoculture; Founder of Matrix NetSystems addresses the Digital Commerce
Society of Boston at the Harvard Club

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--May 20, 2002--John Quarterman, founder and CTO
of Matrix NetSystems is speaking at the next meeting of the Digital
Commerce Society of Boston, June 4, 2002. His presentation, Network
Monoculture: Diversity, Survivability, and the Profitability of Internet
Commerce will look at the effects of natural and unnatural disasters on
Internet performance.
An economy based on one crop is fragile, because a single disease,
parasite or weather anomaly, could destroy both crop and the economy it
supported. The same goes for monoculture communications providers, said
John Quarterman. On September 11, the one main telephone company in New
York City suffered under excessive demand. The Internet survived, with
several providers, keeping people in touch by email and IM.
Quarterman describes the Internet as an ecosystem, composed of many
interacting parts, ISPs, datacenters, enterprises, end-users, each of them
drawing sustenance from the others and from raw materials. He explains how
each of them needs to make informed decisions, to create a true market.
Diversity will enhance corporate, national and world security.
Visibility enables differentiation and thus selection. Making Internet
performance visible to ISPs, bandwidth traders and customers can enable
evolution of the Internet ecology, and will make this market, added
Quarterman.
Matrix NetSystems measures Internet performance, verifies service
levels and customer connectivity, and offers optimization recommendations.
The Insight Management Suite is the first managed service able to quickly
identify and isolate Internet performance problems down to the router IP
address level globally, on a 24x7 basis.
Formed in 1990 (as MIDS) Matrix NetSystems was the first organization
to record Internet performance data, as well as create a daily topology and
ISP ratings (ratings.matrixnetsystems.com) that are cited the world over.
John Quarterman has written seven books related to the Internet,
including `The Matrix', the first and only published work to describe all
computer networks worldwide. He has consulted for Hewlett Packard, Digital
Equipment Corp., MCI, ATT and IBM.
The event is taking place on Tuesday, June 4 from 12:00pm - 2:00pm at
The Downtown Harvard Club of Boston, One Federal Street. Please contact
[EMAIL PROTECTED] for tickets.

About Matrix NetSystems

Formed in 1990 (as MIDS) Austin, Texas-based Matrix NetSystems is
harnessing its decade of intellectual capital and productizing it to solve
today's Internet-related issues. Today the company offers Matrix Insight, a
managed Internet performance measurement service. WithMatrix Insight,
enterprise customers gain accurate performance information for the
selection, monitoring and management of Internet infrastructure and service
providers, resulting in lower costs, as well as improved customer
retention. For additional information visit www.matrixnetsystems.com.



--30--es/bos*

CONTACT: LEWIS PR
 Alison Merifield
 617 / 454 -1104
 [EMAIL PROTECTED]

KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE HARDWARE
INTERNET NETWORKING
SOURCE: Matrix NetSystems






©2002
--
-
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'

For help on using this list (especially unsubscribing), send a message to
[EMAIL PROTECTED] with one line of text: help.

--- end forwarded text


--
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold

[e-gold-list] Edinburgh Financial Cryptography Engineering 2002 - CFP

2002-05-10 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Fri, 10 May 2002 22:31:51 +0200
To: [EMAIL PROTECTED], [EMAIL PROTECTED], e$@vmeng.com,
 [EMAIL PROTECTED]
From: Fearghas McKay [EMAIL PROTECTED]
Subject: Edinburgh Financial Cryptography Engineering 2002 - CFP
Sender: [EMAIL PROTECTED]

The Third Edinburgh Financial Cryptography Engineering Conference


   28-29 June, 2002

  The Signet Library
  Parliament  Square
  Edinburgh, Scotland


 C  A  L  L F  O  R  P  R  E  S  E  N  T  A  T  I  O  N  S



Edinburgh is again host to the international *engineering* conference
on Financial Cryptography.  Individuals and companies active in the
field are invited to present and especially to demonstrate Running
Code that pushes forward the state of the art.


STATEMENT OF INTENT

In spite of the excesses and tragedies of the Great Dot Com era,
we have come to the realization that the Internet, Commerce, and
Technology are inextricably related.  We are therefore gathered
together to study, as a community, the application of Cryptograpy
and Information Security to the world of Finance.  For it is Finance
that drives Commerce, and Commerce, in the modern era, is based on the
'net.

This is a technical, practical meet.  Presentations of demonstrable
technology in the field of Financial Cryptography are invited.  As this
is a practical conference, we are hoping to accept every demonstrator.

THE RULES OF ENGAGEMENT

This conference is about implementations.  Presentations are required
to demonstrate working code within the first five minutes.  Note that
we are delighted to accept proposals from work-in-progress projects.
If your demo crashes while honorably attempting to execute, the crowd
will still love you.

THE VENUE

Our Venue is the Upper Library, within the Signet Library, which is a
listed building housing the Society of Writers to Her Majesty's Signet.
This exclusive conference venue is located in the centre of Edinburgh,
within the Royal Mile.


ADMINISTRATION

Included in the conference admission will be breakfast, lunch and
tea  coffee breaks.  Also included will be the conference dinner
in a local Edinburgh establishment.

The conference administration will block-book a convenient hotel
in the centre of town.  Details to be advised.


NEXT STEPS FOR PRESENTERS

1. Save the dates 28/29 June 2002, Friday and Saturday on your calendar.

   It is good to plan on a few extra days, and especially, leaving on
   the day after, Sunday, will help to get the best fares.

2. Prepare your presentation.  Check the evolving programme at
   http://www.efce.net/programme.html.
   Propose your presentation by mailing the Programme Chair,
   Rodney Thayer, at [EMAIL PROTECTED]

3. Book passage to Edinburgh. Don't forget to stay a few days on either
   side to see the sights.  Check the site for Locatives and Logistics.

4. Work on your presentation.  Remember, the main rule is that you
   demo working code.

5. Get your budget approved / allocated / applied for.  Whilst a
   commercial conference, accepted presenters will pay a deeply
   discounted fee, to be announced in a forthcoming release.  For
   planning purposes, 200 GBP (approximately 300 dollars or 320
   euros) should cover presenter's admission; the hotel should be
   about 100 GBP ($150 or E160) per night.

   Also include travel and incidentals in your budget.

6. The call for delegates -- attendees who do not present -- will
   by published at a later date.  If there is someone in your
   organisation who needs to survey the state of the financially
   cryptographic art, they can attend as a delegate.  For planning
   purposes, 500 GBP ($750 or E800) should cover the delegate's
   admission.

7. If you think the conference can benefit your organisation,
   consider sponsoring.  Contact the Sponsorship Chair
   Fearghas McKay, [EMAIL PROTECTED] for more details.

8. Keep an eye on the conference web site (www.efce.net)
   for evolving details.


EFCE2002 COMMITTEE

Fearghas McKay  General and Sponsorship Chair[EMAIL PROTECTED]
Rodney Thayer   Programme Chair  [EMAIL PROTECTED]
Rachel Willmer  Finance Chair[EMAIL PROTECTED]


SPONSORSHIP

EFCE is supported by these companies active in Financial Cryptography:

   * Intertrader Ltd, an Edinburgh-based e-payments middleware and
 applications company.
 http://www.intertrader.com/

   * Declarator.net, a supplier of Distributed Trust Appliances.
 http://www.declarator.net/

--- end forwarded text


-- 
-
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

[e-gold-list] Bubble of Gold???

2002-04-07 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
To: [EMAIL PROTECTED]
User-Agent: eGroups-EW/0.82
From: ZeroTraces [EMAIL PROTECTED]
Mailing-List: list [EMAIL PROTECTED]; contact
[EMAIL PROTECTED]
Delivered-To: mailing list [EMAIL PROTECTED]
Date: Sun, 07 Apr 2002 20:18:24 -
Subject: [e-gold-swap] Welcome to Bubble of Gold! The place where in 14
days, you get a 280% payout !..

This just started!  The time to get in is now! Payouts have already
begun!

http://communities.msn.com/BubbleOfGold/welcometobubbleofgold.msnw

Join at the MSN forum and play!

This is from the mesage listing!

This morning's payouts have been done   BubbleAdmin 4/7/2002 6:24 AM
Made first spendMember's Name   4/6/2002 2:21 PM
Paid
Member's Name   4/6/2002 12:07 PM
Paid! Thanks Scott  Member's Name   4/6/2002 6:06 AM
First round of payouts have been done.  BubbleAdmin 4/6/2002 4:48 AM
--
Note: Member's Names have been replaced for privacy. Join the forum to
see who they are.
--

How it works
You spend to E-Gold account # 513357, any amount from $ 10.00 to $
500.00. Then for the next 14 days, you will get 20% payout to your
E-Gold account, per day.

For a total of 280%!


Complete information can be found at the forum.
http://communities.msn.com/BubbleOfGold/welcometobubbleofgold.msnw

Use referral id# 510512 on the memo line of your e-gold spend please.
 I want the referral bonus! You can get it too, by sending out an ad
like this one with your e-gold information in it instead of mine.




 Yahoo! Groups Sponsor -~--
Buy Stock for $4
and no minimums.
FREE Money 2002.
http://us.click.yahoo.com/k6cvND/n97DAA/ySSFAA/a2holB/TM
-~-


Open a free e-gold account here:
https://www.e-gold.com/newacct/newaccount.asp?cid=102468

Community email addresses:
  Post message: [EMAIL PROTECTED]
  Subscribe:[EMAIL PROTECTED]
  Unsubscribe:  [EMAIL PROTECTED]




Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] XML/X - part III - Governance

2002-03-29 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Fri, 29 Mar 2002 12:33:32 -0500 (EST)
From: Ian Grigg [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: XML/X - part III - Governance
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
List-Subscribe: mailto:[EMAIL PROTECTED]

Let's face it, the governance in the gold world sucks.

Just simply utterly sucks.  With rocks, as our American
friends would say.

There is, of course, the rather fine part to do with
the physical metal.  Granted, with some of the systems,
you can have some sort of confidence that there are some
gold bars there.  London, Zurich, Dubai.  Other places
that only get visited by us mere net-mortals when our
dotcom shares ship in.  According to some big 5 (whoops,
big 4 and [ac]counting) audit firm, maybe there are some
bars somewhere.  It is not a system that you can rely on
to any great extent, but it can certainly be built upon.

But, my gripe here today (and, it is a gripe, but with
a purpose) is not with the protection of the bars.

(Previously I talked about the use of XML/X for the
vanilla communication of transaction information.
Now, I'm going to leap 2 layers up in the financial
cryptography pyramid and talk about governance.  Not,
specifically the protection of the bars of metal in
a DGC, but the protection of the electronic gold.)

What really truly sucks, absent little pebbles but with
the thunder of great rolling boulders that pressage
avalanches to sweep away tiny struggling economies in
the shadow of the mountains of the old world, is the
digital side.

Let's face it (2), it is rather easy to count bars, but
how in all of our experience of 6000 years of counting
do we calculate how many electrons are circulating out
there and making this gold stuff mean .. well, gold?

Actually, it's rather difficult.  And it is no surprise
that every metallic money system has made a complete
hash of it.  There is no confidence whatever that
there are X golden units on that server related to the
apparently escrowed same X' worth of mass of physical
gold.

Why is this?  Simply because ... nobody watches those
numbers.  Or, the same people that watch the numbers
are the ones signing the transfers on the metal.  Or,
the ones in control of the numbers are not being
watched by the ones watching the bars.

Or, the ones doing the transactions (wake up, dear
reader) are the ones who have no idea whatsoever as
to what happened when they clicked that [OK confirm
now] button.

It's a fact, faceable (3) or deniable, as you choose,
that your average DGC has no, zilch zero governance in
the digital side of the equation.  If you are unsure,
consider this.

Which system out there publishes the way in which the
metal float is increased?  Who signs off on that?

Does our chosen metal system use outsourced float
creation, hand-typed SQL to add a little extra into
some table, or something even more arcane?

For that matter, how do we know that, when a transfer
is done, the same amount of digital gold exists before
and after?  What is to stop a system administrator
simply adding some extra to his account?  What system
has any methods in place to detect insider access to
user accounts?

One could go on, but you (yes, that's you, the nominal
owner of these transactions) should be getting the
point by now.

Into all this planetary wasteland of governance lies
the unfortunate fact that there is, in (yadda yadda)
information theoretic terms absolutely no way that the
average DGC can do anything to 'govern' the digital
value.

Shock horror, what does this mean?  Well, look at it
from first principles.  Someone has to run the server.
What does that server do?  It runs numbers, hopefully
ones formed into nice precise double-entry transfers.

Anyone who has access to that server can ... change
the transactions.  They can move value into secret
accounts (cunningly numbered 8 for convenience).
They can create unauditable movements of funds by
activating frozen accounts in the morning, moving
money through them and inactivating the accounts by
lunchtime.  See the Clearstream operating manual for
more information.

These gnomes of the backend system can rewind
transactions, wind them forward where before there
were none, or simply steal value from unwatched
accounts and sell it to ... well, who cares.

In the same sense that you, the owner of the metal
(electronic and/or physical) care about your bars, it
is very clear that you should also care about your
numbers.  Governance of the computer system that is
driving the accounts for your average DGC is a most
important thing, and a most forgotten thing.



What this has to do with XML/X is ... to be described
in the following Part IV.

--- end forwarded text


-- 
-
R. A. Hettinga mailto: [EMAIL PROTECTED]
The Internet Bearer Underwriting Corporation http://www.ibuc.com/
44 Farquhar Street, Boston, MA 02131 USA

The IBUC Symposium on Geodesic Capital
April 3-4, 2002

[e-gold-list] XML/X - part II

2002-03-27 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Wed, 27 Mar 2002 11:25:27 -0500 (EST)
From: Ian Grigg [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: XML/X - part II
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
List-Subscribe: mailto:[EMAIL PROTECTED]

In Part I, I discussed XML/X as a spend or transfer
interface.  It specifies a standard way to deliver an
instruction to a DGC to cause a transaction.

XML/X specifies the content of such a request (not how
to get it to the server, as will become apparant below).
It also assumes that you are in control of the entire
process, so it doesn't, for example, address the needs
for shopping cart interfaces (SCIs).  Sorry about that.

For all that, the universe of needs that XML/X addresses
remains quite stellar.  It is the next need that we talk
about in this missive, Part II.

It was while we were scratching around thinking how to
proceed with implementation that Erwin came up with the
extraordinary idea of expanding the transfer interface
to cover *all* aspects of a spend system.  Thus, using
the XML/X interface as the bridge between the backend
and the frontend components of a DGC.  Or, in other
words, a website can talk XMLX/X to a backend that
implements the protocol.

This opens up a whole new world of possibilities.

Some of the most innovative work in digital currencies
has been done by simply layering one system on another.
That is, creating a new digital currency by reserving
and spending through another.  This method allows the
new upper layer to take the best of the lower, fix the
bad parts, and present a superior product to the users.

An example for this would be the 1mdc service, which
provides a zero-transaction fee access to e-gold.  I
don't quite understand how it survives as a business,
but I don't care:  the important thing is that it is
out there innovating, improving our economy, testing
the edges of our understanding and business models.

Or, look at the Islamic Mint's e-dinar which provides a
different look  feel whilst maintaining the same
transactional equation.

All achieve slick extensions to the overall capabilities,
but at a huge cost:  They have to program through to the
original systems, which are simply not designed for such
layering.  Imagine if all systems exposed their essential
capabilities through one standard programmable interface:
the innovation and experimentation of layering would
receive a huge boost.

Don't try and program those systems, go out there and
build your own, with a standardised XML/X that allows
you to talk direct to the metal, almost.

Not only that, building a straight DGC would now be
de-risked.  A potential builder of a system would go
out and purchase a standard XML/X backend.  Imagine
that, would you like single or double entry scoops
with your database Sir?  How many nodes with that?
Start with that discount single entry junior model
and upgrade to the real stuff when you get your first
customer transaction.  Don't knock it, our original
Ricardo Issuer lasted until well into 1996 before we
upgraded the quantity and quality of entries :-)

Then off to the 'Alley for a contract web site to drive
your hot new backend.  Choose from a team that is good
at web sites but thinks a transfer happens in JFK.  Try
them out on XML.  If they still grumble about the airport
coffee, you know you are on the right track.

Sounds simple, but in that separation lies a huge
advantage.  Only people who have tried to build these
systems know how hard, how almost impossible it is to
achieve progress without the right separation between
teams.

By separating out the backend from the frontend like
that, we've created a situation where a backend can be
built from ready components.  In a nutshell, all DGC
transactions are essentially the same.  They can all
be modelled on a bog-standard double entry accounting
engine.  So let's get that model encapsulated into
an interface;  that's what we are trying to do with
XML/X.

Just as equally, all DGC web sites have a standard set
of features.  Once the interface is defined, any good
and competant web house in the world can produce a good
site.



The next insight presented by XML/X requires a bit more
thought.  But, in a sense, whilst it may be only a small
step for a programmer standing on the right lunar ladder,
it's a giant digital leap into the rarified atmosphere of
governance, it's the mass transit system of planetary
commuting, it's ...

TRANSFERRED TO ANOTHER SPACE-TIME CONTINUUM!

--- end forwarded text


-- 
-
R. A. Hettinga mailto: [EMAIL PROTECTED]
The Internet Bearer Underwriting Corporation http://www.ibuc.com/
44 Farquhar Street, Boston, MA 02131 USA

The IBUC Symposium on Geodesic Capital
April 3-4, 2002, The Downtown Harvard Club, Boston
mailto: [EMAIL PROTECTED] for details...

... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found

[e-gold-list] [dgc.chat] XML/X - part I

2002-03-26 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Mon, 25 Mar 2002 23:03:13 -0500 (EST)
From: Ian Grigg [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: [dgc.chat] XML/X - part I
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]

It is with some satisfaction that we announce the first
public demonstration of a new project that we've been
working on for the last six months.

This demonstration is taking place at Java 1 this week,
by Erwin Van der Koogh, a programmer with Sun's XML group
in Dublin.  He's also a WebFunds programmer, having been
primarily responsible for the current generation.

You can check out a scratch home page for the project at:

   http://www.webfunds.org/guide/xml/

We were looking some time ago at the difficulty faced
by the various merchants in implementing access to the
current money providers.  As no merchant could really
predict where the good money was, so to speak, it was
pretty obvious that being able to implement a range of
gold-based units was much less risky.

But it was also rather impossible.  The transfer methods
for the systems ranged from pretending to be a browser,
to accessing partially complete protocols to .. nothing.
None of the systems in place seem to appeal as none of
them have actually been thought out from the point of
view of what we know about protocols and networks.

It behoved us to come up with our own spend system.  We
were in the throes of developing our own web-based system,
and we wanted that bit right.  After all, a lot of demand
comes from the support of the merchant class (a group we
christened as Matildas, but that's a story for another
day).

Others, such as Intertrader, were still smarting at the
cost of having developed access for different systems,
and not having been able to efficiently deploy it because
of the system bugs imposed on them.  And, yet others
simply didn't know where to start.

It all begged for a standard.  We sat down and drew one
up.  Now, because standards committees tend to be noisy,
rumbunctious, and ultimately unproductive, unless they
have a *very* solid mission to draw from, we decided not
to make this a publicity thing in the beginning.  That
is, we decided to write it first, then open it up.

All well and good, and of course, we chose to do our
transfer interface in XML.  We called it XML/X as a
quick code name for the project, being transactions in
XML.  The results will be open source, the documentation
will be readily available, and no fees will be levied on
joining or using.  Even though this project is about
money, it makes more monetary sense to impose no barriers
on its widespread adoption.

A quick example might clarify what all this hyperbole is
about.  Imagine you have some accounts at a standard DGC
such as e-gold, goldmoney, or one of those other systems
such as PayPal.  As a merchant, you want to initiate a
transaction from your automated web system to pay out a
customer.  Or vice versa.

So, you open up a connection to the money server and
send down a stream of commands to cause it to happen.
Here's how you would do it in today's XML/X:

 TransferRequest
   Transfer
 ClientID P9348235 /ClientID
 Payee E3491 /Payee
 Payer 34201-543 /Payer
 Amount 45.23 /Amount
 Currency Platinum /Currency
 Memo Slicker than Slick /Memo
   /Transfer

   Auth
 Username iang /Username
 Password Rock On /Password
   /Auth

 /TransferRequest

(Take that as an alpha - it's still evolving and is
likely to change.)  Consider this one feature as an
example:  In our XML/X, you can do a one-shot transfer
and get a reliable result.  It's reliable because you
can resend it (see the ClientID?), and get the same
result - one and only one transaction, as long as the
server saw the instruction and acted at least once.

That's pretty useful.  In fact, it's so useful it
is blessed with the otherwise indecipherable term of
_idempotency_ (which means, it happens zero times or
once, no matter how many times you send it).  There are
lots of other useful features, but they lack general
interest unless one has social disabilities and wears
a propellor.

How useful would all that be to a cambist?

Such near-latin would be even more useful if all systems
offered the same interface.  By designing in elements
of protocols, it makes sense to adopt this one rather
than roll your own.  As an aside, XML/X incorporates
elements from SOX, the most reliable protocol for money
I've ever seen, although I admit to being a tad biased.

But the best is yet to come...

TO BE CONTINUED...

Send email to [EMAIL PROTECTED] with the word Help
in the body of the message for help with list subscription.

--- end forwarded text


-- 
-
-
R. A. Hettinga mailto: [EMAIL PROTECTED]
The Internet Bearer Underwriting Corporation http://www.ibuc.com/
44 Farquhar Street, Boston, MA 02131 USA

The IBUC Symposium

[e-gold-list] DoJ Summons Offshore Credit Cards

2002-03-26 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Mon, 25 Mar 2002 23:28:13 -0800
To: [EMAIL PROTECTED]
From: John Young [EMAIL PROTECTED]
Subject: DoJ Summons Offshore Credit Cards
Sender: [EMAIL PROTECTED]

FOR IMMEDIATE RELEASE March 25, 2002

The Department of Justice and The United States Attorney's
Office for the Northern District of California today asked a
federal court in San Francisco to approve its service of a
John Doe summons on VISA International. John Doe
summonses permit the IRS to obtain information about
people whose identities are unknown. The information
expected in response to the summons will help the IRS
identify people who use offshore accounts to evade their
United States income tax liabilities. There are VISA-
sponsored credit, charge or debit cards issued by banks
in more than 30 countries, including Switzerland, Latvia,
Luxembourg, Hong Kong, Bermuda and numerous
Caribbean nations.

Also today, in a federal court in Miami, The Department
of Justice filed papers reflecting American Express's
agreement to turn over records relating to people who
may be subject to United States income taxes and who
have credit card accounts with addresses in Antigua
and Barbuda, the Bahamas or the Cayman Islands.

MasterCard has already produced over 1.7 million
records, involving over 230,000 accounts, in response to
a John Doe summons, According to the IRS, that
information will be used in civil audits and criminal
investigations.

If the MasterCard information is representative of
the industry, there could be 1 to 2 million U.S. citizens
with debit/credit cards issued by offshore banks.
This compares with only 170,000 Reports of Foreign
Bank  Financial Accounts (FBARS) being filed in
2000 and only 117,000 individual 1040 filers indicating
they had offshore bank accounts (tax year 1999).

Full press release:

  http://cryptome.org/doj-doe-cards.htm

--- end forwarded text


-- 
-
-
R. A. Hettinga mailto: [EMAIL PROTECTED]
The Internet Bearer Underwriting Corporation http://www.ibuc.com/
44 Farquhar Street, Boston, MA 02131 USA

The IBUC Symposium on Geodesic Capital
April 3-4, 2002, The Downtown Harvard Club, Boston
mailto: [EMAIL PROTECTED] for details...

... 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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: [dgc.chat] Fraudulent Escrow Agent

2002-03-12 Thread R. A. Hettinga

At 4:45 PM + on 3/12/02, major bosco wrote:


 Well this is interesting news!

 I thought James Turk at Goldmoney said all the fraud was at E-Gold?

 He railed on and on about this issue awhile back -- I guess his admin team
 better get in there and police their own Glass House before throwing stones!

Frankly, the whole issue of fraud, or, as I framed it longer ago than I
like to think, the Mrs. Grundy on the Bank Board problem, should be
*orthogonal* to the payment scheme.

Think, for instance, if the Fed were to be required to repudiate all
transactions done for drugs, or made with stolen cash. Obviously, that's
impossible, because cash is a bearer transaction.

Systems like e-gold, and GoldMoney are, of course, book-entry systems,
requiring latency in settlement, which in turn requires knowing your
customer so you can send him to jail, or freeze his assets, if he lies
about a debit or credit. Unfortunately, once you've mastered this
syntactic hurdle, so the trades don't break and you have no settlement
fraud, you are almost required to enforce semantic fraud, like GoldMoney
is doing now.

The solution is bearer transactions, someday. Hopefully sooner than you
think.  shameless-plug See the attached announcement if you'd like to
learn more /shameless-plug.

One should note, however, that since the Mssrs. Turk didn't offer a sign-up
bounty to people who brought in new customers, GoldMoney's initial fraud
rate, and it's popularity with HYIPs and other scamsters, is not nearly the
one that e-gold had, which might be the origin of James' original claim.

Nonetheless. If you do book-entries, you end up playing fraud-cop, and, as
we know, that way danger lies, especially for anyone who cares about
individual freedom -- or, more to the point, economic efficiency...

Cheers,
RHA


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) 
via the web and shopping cart interfaces to help thwart keystroke loggers and common 
viruses.



[e-gold-list] Re: several items of note

2001-12-12 Thread R. A. Hettinga

At 7:28 AM -0500 on 12/8/01, James M. Ray wrote:


 At 01:24 AM -0600 12/08/2001, Jim Davidson wrote:
Dear Friends,

I find myself nodding agreeably quite often with stuff
posted from lists by: R. A. Hettinga but I find myself
unable to reach www.ibuc.com or www.shipwright.com.  Any
suggestions?
 ...
 Hi.

 His sites have been down for a bit, but I think Bob's casting
 about for different (hosting or something?) to get back up and
 running with the sites. Thanks for your kind words, and have
 a nice weekend!
 JMR

He's baaack...

:-).

Cheers,
RAH


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!



[e-gold-list] Rahn: Defeating Deflation

2001-11-19 Thread R. A. Hettinga
 be made that the uncertainty
will remain, that the Fed will not provide enough dollars to meet world
demand, and that we will replicate Japan's extended deflation and
stagnation. The Japanese themselves rapidly increased the supply of yen
during the 1990s but still did not keep up with demand. Even though the
Japanese monetary base as a percentage of gross domestic product is about
double that of the U.S., they still have neither stopped deflation nor
reignited growth.

Economic policy makers in Washington are now faced with the situation for
which there is no clear road map. What should they do? Given the
circumstances, the responsible and prudent policy maker ought to take those
actions that will do no harm and are almost certain to make things better.

First, the Fed needs to say explicitly that it is adopting price-level
targeting again, and that it is going to look at sensitive commodity prices
as the indication of where prices are headed rather than the CPI and other
lagging indices. The Fed should look at a market basket of commodities; if
prices in the basket rise above a predetermined range, the Fed reduces the
money supply and vice versa. This change would reduce uncertainty over Fed
policy and make it clear that it is going to stop the fall in prices.

Second, the Bush administration and Congress need to rapidly remove the
many well-known tax, trade and regulatory impediments to economic growth.
The president should use some of his political capital to encourage
Congress to move on, for example, misguided airline and telecom regulation.
He should also take direct action through executive orders to remove
counterproductive regulatory and costly reporting impediments.

Finally, it is time for responsible economic commentators to debunk the
fallacy that we can create economic growth by increasing government
spending. If government spending led to economic growth, Japan would have
boomed in the 1990s, and socialist economies would have been economic
miracles rather than basket cases. The historical evidence is overwhelming
that private individuals and businesses spend and invest much more
carefully than do governments. Every dollar the government spends is sucked
and coerced out of the private sector through taxation or borrowing at
considerable cost. The big increase in government spending since Sept. 11
will only be an economic depressant, not a stimulus.

We know from Japan the devastating effects of deflation. We also know from
that country what policies won't work. Let's not make the same mistakes
here.

URL for this Article:
http://interactive.wsj.com/archive/retrieve.cgi?id=SB1006122442187106640.djm


Copyright © 2001 Dow Jones  Company, Inc. All Rights Reserved.

Printing, distribution, and use of this material is governed by your
Subscription Agreement and copyright laws.

For information about subscribing, go to http://wsj.com

Close Window


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year! 



[e-gold-list] Bin Laden Assassination Politics, pt. 2: (was ip: Bin Ladenrigged oil and gold prices)

2001-09-23 Thread R. A. Hettinga


--- begin forwarded text


Status:  U
Date: Sun, 23 Sep 2001 19:21:54 -0500
To: [EMAIL PROTECTED]
From: JLB [EMAIL PROTECTED] (by way of [EMAIL PROTECTED])
Subject: ip: Bin Laden rigged oil and gold prices

http://news.telegraph.co.uk/news/main.jhtml?xml=/news/2001/09/23/woil23.xml

Bin Laden rigged oil and gold prices - bank chief
By Philip Sherwell
(Filed: 23/09/2001)


OSAMA bin LADEN is believed to have made a massive profit from trading in
oil and gold as well as shares on the eve of the suicide attacks blamed on
his followers.

Ernst Welteke, president of the Bundesbank, said financial investigators had
found strong indications of suspicious dealings in gold and oil, as well as
unusual movements in airline and insurance shares, in the days before the
September 11 attacks in the United States.

It appears that terrorist leaders capitalised on their insider knowledge
of the planned atrocities to invest in oil and gold, knowing that the prices
would rise after the attacks on the World Trade Centre and the Pentagon.
Strange stock-market fluctuations have already been identified.

European Union finance ministers, meeting in Liege, Belgium, ordered
national regulators to investigate the alleged market manipulations. Gordon
Brown, the Chancellor, said: Financial institutions in every part of the
world should be under an obligation to report suspicious transactions where
terrorist money could be in use.

Mr Welteke, speaking during a break in the same meeting yesterday, said:
There are ever clearer signs that there were activities on international
financial markets that must have been carried out with the necessary expert
knowledge.

He reported an unusual rise in oil prices before the attacks. This could
mean that people had bought oil contracts, and later sold them at a higher
price. Gold-market movements also needed explaining.

Gold, a traditional refuge for investors in times of crisis, has risen in
price each day since the attack. Oil prices soared 13 per cent within 24
hours of the atrocities.

The money-making operation, thought to have earned millions for terrorist
coffers, follows to the word a 1998 exhortation by one of bin Laden's
Islamist front groups to kill the Americans and plunder their money.



---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.281 / Virus Database: 149 - Release Date: 9/18/01

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Did you know that you can spend e-gold to help the victims of terror at:  
http://www.freedomhound.com:80/servlet/echannel?Request=RenderID=443149Data=1292 




[e-gold-list] All That Dissolves May Be Gold

2001-08-21 Thread R. A. Hettinga



http://www.wired.com/news/print/0,1294,46197,00.html

All That Dissolves May Be Gold
Associated Press

6:17 a.m. Aug. 21, 2001 PDT
AMHERST, Massachusetts -- Call them the microbes with the Midas touch.

Thriving where most life forms cannot survive, simple microscopic organisms
known as extremophiles are performing an astounding feat: turning dissolved
gold into solid gold.

University of Massachusetts professor Derek Lovley discovered the microbes'
special power while experimenting on the use of a similar microbe to clean
up toxic waste. Now he's using extremophiles to explain how some gold ore
deposits may have formed.

See also:
The Meaning of Life and Microbes
One Giant Leap for Spacekind?
Read more Technology news

Extremophiles, so named because they live in extreme conditions such as hot
springs and volcanic vents in the ocean, inhale dissolved gold and convert
it into solid deposits.

They use dissolved metals like iron, uranium and gold the same way we use
oxygen, Lovley said.

The results of Lovley's experiment were published last month in the journal
Applied and Environmental Microbiology.

The conversion that takes place in the extremophile is a simple process: A
dissolved metal is absorbed through an enzyme that coats the microbe, and
then is excreted as a solid. The solid particles are tiny, but they can be
seen if many of them cluster together.

Lovley says the process isn't efficient enough to interest jewelry makers,
since it would take about a million microbes to generate a gram of solid
gold dust.

But gold mine owners may want to use the technology to gather traces of the
metal that otherwise would be lost in groundwater, Lovley said.

Gold droppings from extremophiles are probably what miners found when they
searched for gold in the southeastern United States in the early 1800s,
said Frank Chapelle, a research hydrologist for the U.S. Geological Survey
in Columbia, South Carolina.

They expected to find nuggets of gold, he said. Instead, they found tiny
traces of gold in sediment that was originally on the bottom of the ocean
millions of years ago.

Until Lovley experimented with extremophiles, there was no good explanation
for the presence of sedimentary gold in some parts of the country, Chapelle
said.

The idea to study how extremophiles process gold came from an experiment on
the use of microbes called geobacters to clean up toxic waste sites.

At an Energy Department uranium cleanup site in Gunnison, Colorado, Lovley
has stimulated the geobacters' growth so they can essentially draw
dissolved traces of uranium out of the groundwater. Once the microbes
solidify the dissolved metal, the hardened particles can be scooped up and
removed, Lovley said.

Related Wired Links:

One Giant Leap for Spacekind?
July 31, 2001

The Meaning of Life and Microbes
April 7, 2001

Copyright © 1994-2001 Wired Digital Inc. All rights reserved.


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Did you know that e-gold Ltd. stores more gold on behalf of customers
than many countries? See http://www.gold.org/Gra/Gra1.htm and the
e-gold Examiner at http://www.e-gold.com/examiner.html for details.



[e-gold-list] Sigh... (was Re: in search of new metals)

2001-08-07 Thread R. A. Hettinga
 at those applications that require serious
non-revocability of the payment.  Unlike the systems used by
the GBCs, Ricardo includes the governance and auditing chains
built in to the software to ensure the servers are as safe from
the operators as they are from external agents.  For this
reason, Ricardo may be the ideal choice for gaming applications,
and for financial instrument trading.

We can point you at partners in both areas.  There are yet more
applications waiting to be developed, including some esoteric
ones written up in papers and on the mailgroups.

In closing, we have the systems, and we would like to see some
more metals issuances.  Do not think that this is a cheap
business.  You will need serious funds for this.  It is not a
garage business by any stretch;  the current record is held by
DeutschesBank, who were rumoured to have paid a million dollars
_per_month_, way back when, for a shot at their cash system.

We don't charge that much :)  If you have access to a user base
and a great idea, contact us.

iang

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Did you know that the new e-gold Secure Random Keypad can
help you to protect your passphrase from both keystroke  mouse-
click sniffing trojan viruses? You can find out more about computer
security at: http://www.cert.org/tech_tips/home_networks.html 



[e-gold-list] Scam Spam: (was re: Q: How do I pan 4 e-gold?)

2001-08-02 Thread R. A. Hettinga


--- begin forwarded text


Date: Thu, 02 Aug 01 03:34:57 EST
From: pan 4 e-gold [EMAIL PROTECTED]
To: Future.e-gold.Millionaire
Subject: Q: How do I pan 4 e-gold?
Reply-To: email admin [EMAIL PROTECTED]
Comments: Authenticated sender is [EMAIL PROTECTED]

=


THIS IS A TIME AND DATE SENSITIVE MESSAGE


Pan 4 e-gold and generate $1000's in gold monthly.

Q: What is e-gold?

A: Electronic currency, 100% backed by REAL GOLD BULLION.

With our KILLER APP artificial life program, YOU TOO can make
THOUSANDS OF DOLLARS monthly by exchanging valuable information
for e-gold.

Q: How do I pan 4 e-gold?

A: Find out now - read the FAQ at:

   http://www.geocities.com/pan4egold/

It's FUN! E-gold account AND software are FREE!

To Your Success,

Andrew Markham

Please don't sleep this!

=
Timestamp:10:00 PM 01/08/2001

This message will only be sent once. To be automatically blocked from future
mailingss, reply to this email with REMOVE in the subject box.

E.A.# LIST - IMPORTANT - DO NOT DELETE!

#1 = 106603
#2 = 342192
#3 = 350780
#4 = 350791
#5 = 350815

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]

Did you know that the new e-gold Secure Random Keypad can
help you to protect your passphrase from both keystroke  mouse-
click sniffing trojan viruses? You can find out more about computer
security at: http://www.cert.org/tech_tips/home_networks.html 



[e-gold-list] ip: GATA: ``Fed's Greenspan and Treasury's O'Neill Continue To Evade Gold Swap Questions''

2001-07-26 Thread R. A. Hettinga
 to the apparent loss of gold ownership of more than 20 percent
of the total U.S. gold reserves. The term ``reserves'' obviously connotes
ownership, while the connotation ``custodial'' refers to taking care of
another's property. The 48-million-plus ounces at the U.S. Mint at Denver,
Colo., continued to be reported as ``Gold Bullion Reserve.'' This reporting
was both before and after the September reclassification of gold at the
U.S. Mint at West Point, and no other ``custodial'' positions for any other
location have ever been reported.

To further confuse the issue, the categories of ``reserve'' and
``custodial'' gold have both been eliminated as of the May 2001 report.
Both categories were consolidated and are now labeled ``Deep Storage Gold.''

Murphy laments: ``Deep storage? Garbled? What is this, some kind of B
movie-like charade on the American public?''

``Treasury Secretary O'Neill is being queried by members of Congress from
all over the United States on these but so far has declined to respond to
any of them,'' Murphy says.

--
Contact:
Gold Anti-Trust Action Committee
Bill Murphy, 214/522-3411
Fax 214/522-4432
[EMAIL PROTECTED]


Copyright © 2001 Yahoo! Inc.

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: hyips

2001-07-17 Thread R. A. Hettinga

At 2:10 PM -0400 on 7/17/01, Viking Coder wrote:


 The acronym stands for High Yield Investment Program.

Scam, for the most part. In actual finance, of course, the higher the
yield is, of course, the riskier the investment is, so when someone
guarantees a high yield on something it's a contridiction in terms.

When I see HYIP in text, I swap pyramid-scheme, and get no visible loss
of data...

High Yield, is cribbed from, of course, so-called junk-bonds,
euphemistically called, in formal finance circles, high-yield bonds.

The fact that most junk bonds had proportionately higher total investment
returns and interest rates because government prudent man regulations
forbid their purchase by pension funds and other institutions -- rather
than the dictates of actual financial theory -- further compounded their
eventual fall from grace when said regulations were revised when some
people made too much money, only compounds the mythos of the High Yield
Investment Plan.

Whether the Fall of Milken was justice, hubris, or a mere witch-hunt is
elided here, for discussion at some other time, in some other venue...

Cheers,
RAH


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: hyips

2001-07-17 Thread R. A. Hettinga

At 2:49 PM -0400 on 7/17/01, R. A. Hettinga wrote:


 The fact that most junk bonds had proportionately higher total investment
 returns and interest rates because government prudent man regulations
 forbid their purchase by pension funds and other institutions -- rather
 than the dictates of actual financial theory -- further compounded their
 eventual fall from grace when said regulations were revised when some
 people made too much money, only compounds the mythos of the High Yield
 Investment Plan.

Woops. I seem to have double-compounded that paragraph, thus giving it a,
um, higher compound yield, than it really should have had...

ducking,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: Digigold vs Systemics

2001-07-07 Thread R. A. Hettinga

At 9:07 AM -0400 on 7/7/01, George Matyjewicz wrote:


 And who is Andrew Osterman who also contributed to the article?

Declan's summer intern, I think...

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Freematt Interviews Financial Cryptographer Ian Grigg

2001-06-15 Thread R. A. Hettinga
 to allow the escape valve to exist, elsewise
we abrogate our humanity.  Only the individual knows when it
is a lost cause, only he or she knows that it's time to start
over again with a new life.

--

Freematt asks question 6:  What exactly does your company systemics.com sell?

Ian Grigg responds: Systemics primarily licenses its Ricardo Issuance Server,
which is a product that you can use to issue and run an Internet
currency.  Or a share, bond or other fungible thing of value.

The client side is the WebFunds.org open source group, and
program, that we are setting up.  Systemics tries to make
money on the issuance side, and we encourage all of our issuer
customers to pitch in and improve the software on the user side.

We also sell some applications.  The design goals for our value
architecture, Ricardo, was to support the specific application
of financial trading.  The buying and selling of stocks, bonds,
and other things.  We have an exchange and a user plugin to
WebFunds which enables those things.

For retail, we're working with Intertrader, a Scottish company that
provides interfaces for facilitating transactions.  They hope to
demonstrate at the Edinburgh Financial Cryptography Engineering
conference in a couple of weeks, we're hoping to see a seamless
transaction flow from retail side, into the financial system and
out again, back into the retail side.  All crossing from one
payment system to another.

--

Freematt asks question 7: Where do you see yourself in ten years?
What do you want to accomplish both personally and professionally?

Ian Grigg responds: I want to see this financial system built.  For
that, we need
partners, lots of them, all acting as equals, as peers.  Intertrader
is a good example.  Their area is in facilitation software for other
people's transactions, our area is in the primary transactions for
trading.  Neither of us wants the other's patch, so we can work
together on a range of projects without egos and greed getting in
the way.

We need other partners that want to issue.  The Hansa Bank, here
in Anguilla, issues our Ricardian dollar.  We'll do the technology,
they do the contract that the users rely upon.

That's really as far as Hansa is prepared to go for the moment,
which is a double-plus for us.  Firstly, we get that critical
money instrument, and secondly, they are minding their knitting,
not trying to create a franchise in wool supply.

We're in the process of creating independantly issued instruments
for trading.  Some of the most exciting opportunities is based on
the work I mentioned above by Hernando de Soto.  We're looking to
take our efficient trading and value management into one of the
world's most inefficient but far-reaching financial systems, that
of microfinance.  I can't really talk about the details, they are
still under wraps, but I can talk about the obvious parts.

At the moment, microfinance is based on huge chains of volunteer
or otherwise soft labour.  Hundreds and hundreds of transactions
are needed to get a circle of five their first loan, in western
terms, the first ten transactions would swallow the principal,
let alone any return on investment.  We aim to change all that,
by giving them transactions and financial industry techniques
that work at their level.

To know that the ideas that we developed are pushing capital out
to small villages, that's a challenge!  Where I can get a $2
transaction in 100 milliseconds and $10 trade in less than a
second, efficiently.  And, do all this into a place where it
would take me 5 days to get there physically;  places with just
a single PC and a satellite dish, but with a repressed urge to
work and work and honestly build their way up and out.  Knowing
that our ideas helped that, that's where I want to be in 10 years.



-- 
iang

**
Subscribe to Freematt's Alerts: Pro-Individual Rights Issues
Send a blank message to: [EMAIL PROTECTED] with the words subscribe FA
on the subject line. List is private and moderated (7-30 messages per week)
Matthew Gaylor, (614) 313-5722  ICQ: 106212065   Archived at
http://groups.yahoo.com/group/fa/
**
/x-flowed

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Ticker symbol for an ounce of gold?

2001-05-27 Thread R. A. Hettinga

Hey guys,

I got myself a copy of Powerticker, which is pretty cool, for the
Macintoids among you, but, all I can find, gold-wise out there, is various
contracts at places like, what, Comex?, but no once-price quote symbol for
gold.

It dawned on me this morning I know a whole list of experts in such things.
:-).

I figure on somebody's exchange, or somebody's index, has a gold-ounce
symbol on it, so, what's the symbol, and where? Silver and Platinum too, I
suppose, if that's possible..

Thanks!

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: security

2001-05-25 Thread R. A. Hettinga

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.

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: security

2001-05-24 Thread R. A. Hettinga

At 9:22 PM -0400 on 5/23/01, Craig Spencer wrote:


 Unfortunately, this is not quite accurate.  All digital bearer
 instrument
 schemes require a central clearing mechanism to prevent double
 spending.  This
 amounts to an account based system.


Fortunately, :-), it doesn't. I've gone over this point with *everybody*,
including cryptographers like Ron Rivest, :-), and I can see how you can be
confused,  but don't conflate an *on-line* system, which is, in fact,
necessary for non-repudiation in any current internet payment system,
book-entry or bearer, with an *account-based*, or *book-entry* system, like
VISA, or ACH, SWIFT, or even E-Gold.

For starters, you might want to try reading up on the cryptography of
bearer transactions a bit. I'd suggest Applied Cryptography, or, if you're
going to actually write code, the CRC Handbook of Applied Cryptography.


In an internet bearer transaction system, underwriter doesn't know *who*
(except for their IP address :-)) is exchanging the tokens in question,
*except* when someone double spends. That's a big difference. The closest
thing to record-keeping in a bearer system, the encrypted (m-of-n hashes
where both m and n equals 2, for those of you in Rio Linda) copies of spent
bearer certificates, can be just *deleted* after some mutually agreed, and
financially calculable, period of time, because they contain no useful
*information* after some point.

In book-entry, account-based systems, you *must* keep a record, an
auditable, *readable* record, of *all* transactions you do, and,
furthermore, you as the buyer or seller, and not just the financial
intermediary, *must* be able to know *who* wrote those records, down to
their physical location, so you can call the cops send them to jail if they
lie to you during the execution, clearing, or settlement of any trade in
question, from the time the transaction is executed until some significant
time, usually many years, into the future.

Big difference there. If someone lies in an internet bearer transaction,
they just break the protocol, and the transaction simply doesn't execute,
much less clear and settle. And, of course, internet bearer transactions,
per se, don't require lawyers and cops, which maybe nice for individual
liberty, and all, but, more mundanely, they just cost too much money to use
on a ubiquitous geodesic internet with lots automated transactions flying
by.


Again, just because non-repudiation -- and, probably, some unknown
cryptographic axiom itself necessitating that any participant in a
cryptographically strong payment system share some conditionally-revealed
secret with a financial intermediary in real-time -- requires us to do only
on-line transactions for any transaction to execute clear and settle,
especially instantaneously, it doesn't mean that a given transaction system
is account-based.

Cheers,
RAH

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] RE: cashless society drivel

2001-05-09 Thread R. A. Hettinga

At 12:37 PM -0400 on 5/9/01, Samuel Mc Kee wrote:


 mostly I found it to be shockingly left-leaning,

Nah. they're a windvane. When the Torys are in power, they're Tories. When
the commu ^h ^h ^h ^h ^h ^h ^h ^hLabor's in charge, they're Labor. Could be
that they fire everyone when the government changes, which is why they have
anonymous articles, but that's just a SWAG...

I go over about once a month these days, and,, until this gas-tax thing
happened, I couldn't find a living soul (well, okay, about 12 living souls)
who confessed to having ever *ever* being Tories.

Cheers,
RAH


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: Gold-Age

2001-04-30 Thread R. A. Hettinga

At 9:05 AM -0400 on 4/29/01, [EMAIL PROTECTED] wrote:


 Someone describe me the situation.

The Secret Service confiscated their computers.

Ask *them* for your money?

:-/.

Cheers,
RAH
-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Re: MORE STATS! MORE! MORE MORE!! WHOO HOO!!!

2001-04-14 Thread R. A. Hettinga

At 10:29 AM -0500 on 4/14/01, James M. Ray wrote:


 JP's employees get paid in e-gold, I get paid in
 e-gold, others do too, etc. We all then use it at more and more places,
 and it just adds up eventually to stats!

The multiplier effect.

It's an economy, yes?

:-).

Cheers,
RAH
-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Micropayments

2001-04-09 Thread R. A. Hettinga


--- begin forwarded text


From: "John Michael Murphy" [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: [Mojonation-users] Micropayments
Sender: [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
List-Help: mailto:[EMAIL PROTECTED]?subject=help
List-Post: mailto:[EMAIL PROTECTED]
List-Subscribe: http://lists.sourceforge.net/lists/listinfo/mojonation-users,
mailto:[EMAIL PROTECTED]?subject=subscribe
List-Id: Mojo Nation user mailing list mojonation-users.lists.sourceforge.net
List-Archive: http://lists.sourceforge.net/archives//mojonation-users/
Date: Mon, 09 Apr 2001 14:33:24 -

New competition website kindly seeks any information, assistance and help in
the field of micropayments.  The proposed site will aim at a worldwide
market of players and we would appreciate very much any information anybody
may have regarding best companies to use for which global area,
implementation and costs of software, payment collections and percentage
splits, timescales on revenue payments, onscreen downloading, any licensce
or registration necessary for vendor or player, currency conversions.  We
would also appreciate any information anybody has on becoming a partner for
micropayments.  All information gratefully received and acted upon.
John M
_
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


___
Mojonation-users mailing list
[EMAIL PROTECTED]
http://lists.sourceforge.net/lists/listinfo/mojonation-users

--- end forwarded text


-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] ANNOUNCE: Seattle Cypherpunks, 4/14, 12:30 pm, Bellevue

2001-04-09 Thread R. A. Hettinga


--- begin forwarded text


From: [EMAIL PROTECTED]
To: [EMAIL PROTECTED], [EMAIL PROTECTED],
[EMAIL PROTECTED], [EMAIL PROTECTED]
Date: Sat, 7 Apr 2001 21:26:38 -0700
Subject: ANNOUNCE: Seattle Cypherpunks, 4/14, 12:30 pm, Bellevue
Priority: normal
Sender: [EMAIL PROTECTED]

***Please circulate to all interested parties***

Announcing the first meeting of 2001 of Cypherpunks-Seattle.

When:  April 14, 2001 12:30 - 4:00 p.m.
Where:  Bellevue Las Margaritas
 437 - 108th Avenue N. E., downtown Bellevue
 Space is limited, please RSVP to
[EMAIL PROTECTED]


Agenda -

 Introductions and Open Discussion

 E-Gold and other Alternative Currency Systems

 Problems and Tradeoffs in Public Key Infrastructures


E-Gold and other Alternative Currency Systems

 E-gold has enjoyed increasing success as the first viable
free-market electronic currency.  It is privately backed, and
does not rely on any particular government's political stability
to retain its value.

 Vince Callaway, who wears hats as both an independent in-
and out-exchange provider for e-gold and Norfed and a software
engineer, will discuss the background of free-market currencies,
some of the current operating paradigms, and will touch on some
of the future prospects for these currencies.

 Vince has the distinction of having been an early BBS sysop,
moving into becoming Tacoma's first internet provider in 1991.
He has been involved both in getting Washington State's leginfo
site created, and was instrumental in getting a digital signature
law passed in Washington.  Vince also operates a PGP key server.


Problems and Tradeoffs in Public Key Infrastructures

 This could hardly come at a better time, after the
announcement that Verisign issued a Class 3 Digital Certificate
to someone who purported to be from Microsoft, but wasn't.  This
certificate can be used to code-sign things like ActiveX
controls, macros, and applications.  Anyone in possession of that
certificate could present malicious code to an unsuspecting user
and fool that user into accepting it into his computer.  ("After
all, it said it was from Microsoft.")

 Albert Yang will discuss what PKI--Public Key
Infrastructures--can and cannot do.  He will briefly cover the
basics of how PKI works, where it fails, and when and how
certificates can be trusted--and defeated.  In addition, Albert
has promised to give a glimpse of some of the new PKI
developments on the horizon.

 Albert is currently a security architect and PKI consultant
with Baltimore Technology.  Previously, he was a consultant with
RSA.  He has several years of background in Linux, BSD, and web
site design and programming.


The cypherpunks meeting is an Open Meeting on US Soil and it is
free for anyone to attend.

--- end forwarded text


-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] BIS: Statistics on Payment Systems in the Group of Ten countries (was Re: The Scout Report for Business and Economics -- April 5, 2001)

2001-04-05 Thread R. A. Hettinga

At 3:54 PM -0500 on 4/5/01, Scout Project wrote:


 1.  _Statistics on Payment Systems in the Group of Ten countries_ [.pdf]
 http://www.bis.org/publ/cpss44.pdf

 Recently published by the Bank of International Settlements,
 _Statistics on Payment Systems in the Group of Ten countries_ offers
 financial data on countries including the United States, Sweden,
 Japan, and Italy. There are fifteen tables for each country, such as
 "Settlement media used by non-banks," "Banknotes and coin," "Number
 of payment cards in circulation," and "Indicators of use of various
 cashless payment instruments: value of transactions." Comparative
 tables include "Notes and coins in circulation," "Transferable
 deposits held by non-banks," and "Institutional framework." All data
 cover 1995-1999. [EM]

-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] FC: U.S. Secret Service raids E-Gold currency exchanger

2001-03-30 Thread R. A. Hettinga


--- begin forwarded text


Date: Fri, 30 Mar 2001 14:18:56 -0500
From: Declan McCullagh [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: FC: U.S. Secret Service raids E-Gold currency exchanger
User-Agent: Mutt/1.2.2i
Sender: [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]


http://www.wired.com/news/politics/0,1283,42745,00.html

   Secret Service Raids E-Gold
   by Declan McCullagh ([EMAIL PROTECTED])
   11:10 a.m. Mar. 30, 2001 PST

   WASHINGTON -- The Secret Service has raided a New York state business
   that exchanged dollars for grams of the digital currency called
   e-gold.

   A bevy of agents from the Secret Service, Postal Service and local
   police recently detained the owners of Gold-Age, based in Syracuse,
   and seized computers, files and documents from the fledgling firm.

   U.S. Attorney Daniel French said Friday that the investigation
   involved charges of credit card fraud. "We haven't brought charges
   yet," French said. "We're in the investigative phase."

   Gold-Age owner Parker Bradley says that during his eight-hour
   interrogation on March 12, the Secret Service seemed less interested
   in credit card fraud and more interested in the mechanics of e-gold.
   Until last year, Bradley accepted credit cards and paid out e-gold,
   but said he quit because too many people used stolen credit cards when
   conducting business with him.

   "The interrogation became less about me and more about politics and
   e-gold," Bradley said. "They were trying to get me to blame e-gold for
   fraud. Just to be blunt, these guys have no clue about how e-commerce
   works, how e-gold works or what I was doing."

   E-gold is a 5-year-old firm based on the Caribbean island of Nevis
   that provides an electronic currency backed by physical metal stored
   in vaults in London and Dubai. The company says it has 181,000 user
   accounts and stores about 1.4 metric tons of gold on behalf of its
   customers.

   Bradley's Gold-Age company, which he ran with his wife out of their
   home until the raid, was one of about a dozen e-gold currency exchange
   services: He took dollars and credited grams of gold, silver, platinum
   and palladium to a customer's account, less a modest fee.

   [...]

   Still unclear is why the raid took place. French indicated that it
   could be more than a routine credit card investigation, saying "at
   this point, it's being investigated as a credit card fraud."

   One possibility is a broader investigation directed at some users of
   e-gold, which is less anonymous than cash but more anonymous than
   credit cards. Former Treasury Secretary Lawrence Summers has warned of
   malcontents using the Net and encryption to dodge taxes, and it's
   possible that the feds don't exactly approve of a system that's more
   privacy-protective than the heavily regulated banking system.

   Current federal regulations require banks and credit unions -- about
   19,000 in all -- to inform federal law enforcement of all transactions
   $5,000 and above that have no "apparent lawful purpose or are not the
   sort in which the particular customer would normally be expected to
   engage."

   Because e-gold is not a bank that lends money -- it's more akin to a
   warehouse that stores gold on behalf of its customers -- it's not
   covered by those rules.

   Mike Godwin said the raid evokes memories of the notorious Steve
   Jackson Games raid by the Secret Service a decade ago, which led to
   the formation of the Electronic Frontier Foundation.

   [...]




-
POLITECH -- Declan McCullagh's politics and technology mailing list
You may redistribute this message freely if it remains intact.
To subscribe, visit http://www.politechbot.com/info/subscribe.html
This message is archived at http://www.politechbot.com/
-----

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] GoldAge meets SS

2001-03-29 Thread R. A. Hettinga


--- begin forwarded text


Date: Thu, 29 Mar 2001 17:48:50 -0800
From: Somebody
To: [EMAIL PROTECTED]
Subject: GoldAge meets SS

http://www.treas.gov/uss

"The Secret Service is also responsible for the enforcement of
 laws relating to counterfeiting of obligations and securities of the
 United States, investigation of financial crimes including, but not
 limited to access device fraud, financial institution fraud, financial
 identity theft, computer fraud, and computer based attacks
 against aspects of our nation's financial, banking, and
 telecommunications infrastructure."

"While most people
 associate the Secret Service with
 Presidential protection, our original
 mandate was to investigate the
 counterfeiting of U.S.
 currency--which we still do. Today
 our primary investigative mission is
 to safeguard the payment and
 financial systems of the United
 States. This has been historically
 accomplished through the enforcement of the counterfeiting
 statutes to preserve the integrity of United States currency, coin
 and financial obligations. Since 1984, our investigative
 responsibilities have expanded to include crimes that involve
 financial institution fraud, computer and telecommunications
 fraud, false identification documents, access device fraud,
 advance fee fraud, electronic funds transfers, and money
 laundering as it relates to our core violations.

 "The Secret Service believes that its primary enforcement
 jurisdictions will only increase in significance in the 21st Century.
 For this reason, the Secret Service has adopted a proactive
 approach to monitor the development of technology and continue
 to use it in the interest of federal, state, and local law
 enforcement. "

"The Financial Crimes Division (FCD) plans, reviews, and
 coordinates criminal investigations involving Financial Systems
 Crimes, including bank fraud; access device fraud; telemarketing;
 telecommunications fraud (cellular and hard wire); computer
 fraud; automated payment systems and teller machines; direct
 deposit; investigations of forgery, uttering, alteration, false
 personation, or false claims involving U.S. Treasury Checks, U.S.
 Savings Bonds, U.S. Treasury Notes, bonds, and bills; electronic
 funds transfer (EFT) including Treasury disbursements and fraud
 within Treasury payment systems; fraud involving U.S.
 Department of Agriculture Food Coupons and Authority to
 Participate (ATP) cards; Federal Deposit Insurance Corporation
 investigations; Farm Credit Administration violations; fraud and
 related activity in connection with identification documents and
 fraudulent commercial, fictitious instruments,foreign securities.
 The Division also coordinates the activities of the U.S. Secret
 Service Organized Crimes Program, and oversees money
 laundering investigations."

There you go.  If there was alleged financial fraud or money-
laundering involving Gold-Age (whether or not they are alleged to
have participated or only been a conduit), then the SS would be
the enforcement and investigation arm involved.

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] RE: Secure Accounts Ltd history and Sean Hastings

2001-03-26 Thread R. A. Hettinga


--- begin forwarded text


From: Brad Jansen [EMAIL PROTECTED]
To: "'Vincent Cate'" [EMAIL PROTECTED], [EMAIL PROTECTED]
Cc: Brad Jansen [EMAIL PROTECTED], [EMAIL PROTECTED],
[EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED], e$@vmeng.com,
[EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED]
Subject: RE: Secure Accounts Ltd history and Sean Hastings
Date: Mon, 26 Mar 2001 15:45:14 -0500

Vince,

Thank you for including me in your response.  Making no attempt to mediate
your dispute, I tried to help a friend who wanted more information so I
forwarded it to others I thought might be able to help (apparently, we run
in the same circles).  While my approach is from the public policy side, I
suspect we are all fighting for the same thing: stopping the government from
violating our rights and giving individuals more choices.

Regards,
Bradley

 -Original Message-
 From: Vincent Cate [SMTP:[EMAIL PROTECTED]]
 Sent: Monday, March 26, 2001 12:35 PM
 To:   [EMAIL PROTECTED]
 Cc:   [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED];
 [EMAIL PROTECTED]; [EMAIL PROTECTED]; e$@vmeng.com; [EMAIL PROTECTED];
 [EMAIL PROTECTED]; [EMAIL PROTECTED]
 Subject:  Secure Accounts Ltd history and Sean Hastings


 Sean,

 the work you did was for Secure Accounts Ltd.  On ever piece of code you
 wrote you put "Copyright Secure Accounts Ltd." (as did other programmers).

  From the start the idea was to publish the source when the product was
 launched.  This did not mean releasing all rights to our work.  We
 intended
 to make it free for small users but to make banks/stock-exchanges and
 other
 big users pay.

 Your claim that I agreed to open source the patent so you signed over the
 rights to me is a lie.  The rights belonged to Secure Accounts Ltd all
 along.   I bought out your shares in Secure Accounts Ltd for the price you

 asked for.  I never "originally agreed" to this.  In the last month you
 tried to talk me into it and I decided not to.

 If you are out to harm my company, I don't want you to have free accounts
 on my machines any more (Linux security as poor as it is and all) so I am
 closing the accounts you have with me.  Please fill out the form at
 http://nic.ai/  and send it in to let me know what nameservers you want
 for
 your domains (like hastings.ai).  Most people in Anguilla seem to use
 pair.com to host domains as they are good and low priced.

-- Vince


  Original Message 
 Subject: FW: Preventing a bad Patent
 Date: Thu, 22 Mar 2001 22:18:16 +
 From: "R. A. Hettinga" [EMAIL PROTECTED]
 To: Digital Bearer Settlement List [EMAIL PROTECTED],
 [EMAIL PROTECTED],[EMAIL PROTECTED], e$@vmeng.com,
 [EMAIL PROTECTED],[EMAIL PROTECTED]
 
 --- begin forwarded text
 
 From: Brad Jansen [EMAIL PROTECTED]
 Subject: FW: Preventing a bad Patent
 Date: Wed, 21 Mar 2001 13:31:24 -0500
 Sean is a friend and fellow traveller down the freedom path. If you could
 offer any advice, suggestions or referrals, it would be most appreciated.
 (he is affliated with HavenCo and Sealand, on the front lines protecting
 our
 privacy rights!). Thanks.
   -Original Message-
   From: Sean Hastings [SMTP:[EMAIL PROTECTED]]
   Sent: Monday, March 05, 2001 12:27 PM
   To: Bradley Jenson
   Subject: Preventing a bad Patent
  
   Bradley,
  
   I am asking your advice in this matter, as you are more connected to
   government stuff than anyone else I know. I did some design work on
   electronic monetary systems when I was living in Anguilla several
 years
   ago.
   My Partner Vince Cate is currently trying to patent the work we did.
   Originally he agreed that if he received this patent he would open
 source
   it
   for all to use freely, so I signed the rights over to him. I didn't
 have
   any
   time to do anything with it anyway. Now it looks as if he actually
 intends
   to license the patent for a fee if he gets it, and this will have
 harmful
   effects on open source eCurrency systems already in existence (of
 course I
   did not get his promise not to do this in writing). I do not want to
 see
   another case like the RSA patent, or the digicash blinding patent,
 both of
   which have chilled the development of an online free markets for
 years. I
   also don't think the work is particularly patantable, but I would
 rather
   not
   risk it if there is something I can do. Do you know how I can prevent
 a
   patent from being awarded to him? Do you know anyone who would be able
 to
   help me in this matter?
  
   --Sean Hastings
   --mailto:[EMAIL PROTECTED]
   --http://sean.hastings.ai
   --vmsg/fax:1.800.why.sean
 --- end forwarded text
 
 --
 -
 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 e

[e-gold-list] RE: Secure Accounts Ltd history and Sean Hastings

2001-03-26 Thread R. A. Hettinga
at nameservers
  you want for
  your domains (like hastings.ai).  Most people in Anguilla seem to use
  pair.com to host domains as they are good and low priced.
 
 -- Vince
 
 
   Original Message 
  Subject: FW: Preventing a bad Patent
  Date: Thu, 22 Mar 2001 22:18:16 +
  From: "R. A. Hettinga" [EMAIL PROTECTED]
  To: Digital Bearer Settlement List [EMAIL PROTECTED],
  [EMAIL PROTECTED],[EMAIL PROTECTED], e$@vmeng.com,
  [EMAIL PROTECTED],[EMAIL PROTECTED]
  
  --- begin forwarded text
  
  From: Brad Jansen [EMAIL PROTECTED]
  Subject: FW: Preventing a bad Patent
  Date: Wed, 21 Mar 2001 13:31:24 -0500
  Sean is a friend and fellow traveller down the freedom path. If you could
  offer any advice, suggestions or referrals, it would be most appreciated.
  (he is affliated with HavenCo and Sealand, on the front lines
  protecting our
  privacy rights!). Thanks.
-Original Message-
From: Sean Hastings [SMTP:[EMAIL PROTECTED]]
Sent: Monday, March 05, 2001 12:27 PM
To: Bradley Jenson
Subject: Preventing a bad Patent
   
Bradley,
   
I am asking your advice in this matter, as you are more connected to
government stuff than anyone else I know. I did some design work on
electronic monetary systems when I was living in Anguilla
  several years
ago.
My Partner Vince Cate is currently trying to patent the work we did.
Originally he agreed that if he received this patent he would
  open source
it
for all to use freely, so I signed the rights over to him. I
  didn't have
any
time to do anything with it anyway. Now it looks as if he
  actually intends
to license the patent for a fee if he gets it, and this will
  have harmful
effects on open source eCurrency systems already in existence
  (of course I
did not get his promise not to do this in writing). I do not
  want to see
another case like the RSA patent, or the digicash blinding
  patent, both of
which have chilled the development of an online free markets
  for years. I
also don't think the work is particularly patantable, but I
  would rather
not
risk it if there is something I can do. Do you know how I can
  prevent a
patent from being awarded to him? Do you know anyone who
  would be able to
help me in this matter?
   
--Sean Hastings
--mailto:[EMAIL PROTECTED]
--http://sean.hastings.ai
--vmsg/fax:1.800.why.sean
  --- end forwarded text
  
  --
  -
  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
  toexperience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
 


/x-flowed

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] RE: Secure Accounts Ltd history and Sean Hastings

2001-03-26 Thread R. A. Hettinga
ts for free for as long as I wanted.
 It is now
 my standard expectation that you will always act contrary to your stated
 ideals and previous promises, when you feel it might be to your
 benefit. You
 are a hypocrite, but you probably shouldn't feel too bad about
 that - most
 people are. Its just a shame that I believed your line of bullshit and
 trusted you for so long.
 
 If you think that you are not a complete hypocrite, please
 explain to myself
 and all these other people you have invited into this discussion, how
 patenting a method of exchanging account information online fits
 with your
 self proclaimed wish to free online financial transactions from
 governmental
 control by force?
 
 --Sean
 
   -Original Message-
   From: Vincent Cate [mailto:[EMAIL PROTECTED]]
   Sent: Monday, March 26, 2001 12:35 PM
   To: [EMAIL PROTECTED]
   Cc: [EMAIL PROTECTED]; [EMAIL PROTECTED]; [EMAIL PROTECTED];
   [EMAIL PROTECTED]; [EMAIL PROTECTED]; e$@vmeng.com;
 [EMAIL PROTECTED];
   [EMAIL PROTECTED]; [EMAIL PROTECTED]
   Subject: Secure Accounts Ltd history and Sean Hastings
  
  
  
   Sean,
  
   the work you did was for Secure Accounts Ltd.  On ever piece
 of code you
   wrote you put "Copyright Secure Accounts Ltd." (as did other
   programmers).
From the start the idea was to publish the source when the
 product was
   launched.  This did not mean releasing all rights to our work.
   We intended
   to make it free for small users but to make banks/stock-exchanges
   and other
   big users pay.
  
   Your claim that I agreed to open source the patent so you
 signed over the
   rights to me is a lie.  The rights belonged to Secure Accounts Ltd all
   along.   I bought out your shares in Secure Accounts Ltd for the
   price you
   asked for.  I never "originally agreed" to this.  In the last
 month you
   tried to talk me into it and I decided not to.
  
   If you are out to harm my company, I don't want you to have
 free accounts
   on my machines any more (Linux security as poor as it is and
 all) so I am
   closing the accounts you have with me.  Please fill out the form at
   http://nic.ai/ and send it in to let me know what nameservers
   you want for
   your domains (like hastings.ai).  Most people in Anguilla seem to use
   pair.com to host domains as they are good and low priced.
  
  -- Vince
  
  
    Original Message 
   Subject: FW: Preventing a bad Patent
   Date: Thu, 22 Mar 2001 22:18:16 +
   From: "R. A. Hettinga" [EMAIL PROTECTED]
   To: Digital Bearer Settlement List [EMAIL PROTECTED],
   [EMAIL PROTECTED],[EMAIL PROTECTED], e$@vmeng.com,
   [EMAIL PROTECTED],[EMAIL PROTECTED]
   
   --- begin forwarded text
   
   From: Brad Jansen [EMAIL PROTECTED]
   Subject: FW: Preventing a bad Patent
   Date: Wed, 21 Mar 2001 13:31:24 -0500
   Sean is a friend and fellow traveller down the freedom path.
 If you could
   offer any advice, suggestions or referrals, it would be most
 appreciated.
   (he is affliated with HavenCo and Sealand, on the front lines
   protecting our
   privacy rights!). Thanks.
 -Original Message-
 From: Sean Hastings [SMTP:[EMAIL PROTECTED]]
 Sent: Monday, March 05, 2001 12:27 PM
 To: Bradley Jenson
 Subject: Preventing a bad Patent

 Bradley,

 I am asking your advice in this matter, as you are more
 connected to
 government stuff than anyone else I know. I did some
 design work on
 electronic monetary systems when I was living in Anguilla
   several years
 ago.
 My Partner Vince Cate is currently trying to patent the
 work we did.
 Originally he agreed that if he received this patent he would
   open source
 it
 for all to use freely, so I signed the rights over to him. I
   didn't have
 any
 time to do anything with it anyway. Now it looks as if he
   actually intends
 to license the patent for a fee if he gets it, and this will
   have harmful
 effects on open source eCurrency systems already in existence
   (of course I
 did not get his promise not to do this in writing). I do not
   want to see
 another case like the RSA patent, or the digicash blinding
   patent, both of
 which have chilled the development of an online free markets
   for years. I
 also don't think the work is particularly patantable, but I
   would rather
 not
 risk it if there is something I can do. Do you know how I can
   prevent a
 patent from being awarded to him? Do you know anyone who
   would be able to
 help me in this matter?

 --Sean Hastings
 --mailto:[EMAIL PROTECTED]
 --http://sean.hastings.ai
     --vmsg/fax:1.800.why.sean
   --- end forwarded text
   
   --
   -
   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 

[e-gold-list] someone is spamming with the intent to defraud PayPal and e-gold

2001-03-22 Thread R. A. Hettinga

Yeah, Somebody, but he put it on the Boston Linux Users list, a public
list. I'm pretty shameless about that kind of thing.

To quote Bluto Blutarski, um, well, you get the idea

Cheers,
RAH

--- begin forwarded text


To: [EMAIL PROTECTED]
Subject: someone is spamming with the intent to defraud PayPal and e-gold
Date: Thu, 22 Mar 2001 15:20:29 -0500
From: Somebody


Note that this person had no intention of corresponding
with your lists.  I ask that you blind it well or contact
the author (Seth) before proceeding.   Perhaps asking your
contacts at e-gold or paypal would be best.

cheers,

Somebody
--- Forwarded Message

Date: 22 Mar 2001 16:30:40 -
From: Seth Gordon [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: someone is spamming with the intent to defraud PayPal and e-gold

In the past week, I've gotten two HTML email messages, one imitating
PayPal's login page and one imitating e-gold's login page.
Apparently, someone is sending these out in the hope of collecting
passwords from PayPal and e-gold customers.

I've already contacted the two companies; PayPal's response made me
wonder if any human being had actually read the text I typed into
their Web form.  Is there anyone else who should be notified?

--sethg
-
Subcription/unsubscription/info requests: send e-mail with
"subscribe", "unsubscribe", or "info" on the first line of the
message body to [EMAIL PROTECTED] (Subject line is ignored).

--- End of Forwarded Message

--- end forwarded text


-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] nettime FW: Money a Waste, Economists Conclude

2001-03-15 Thread R. A. Hettinga
ward.

For more stories, visit our archive at
http://futurefeedforward.com/archive2.mv

For a history of the future, visit our timeline at
http://futurefeedforward.com/timeline2.mv

To unscubscribe, visit http://futurefeedforward.com/e_list.mv





#  distributed via nettime: no commercial use without permission
#  nettime is a moderated mailing list for net criticism,
#  collaborative text filtering and cultural politics of the nets
#  more info: [EMAIL PROTECTED] and "info nettime-l" in the msg body
#  archive: http://www.nettime.org contact: [EMAIL PROTECTED]

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Trading Desk Diary: What Yesterday Was Really About

2001-03-14 Thread R. A. Hettinga
e appreciating against everything. That means
the Fed should increase the money supply by choosing successively lower
federal funds targets until core commodity prices rebound."


Do you see the subtle but profoundly subversive suggestion here? It is that
the Fed should give up targeting interest rates, and neither should it
target the money supply, as pre-Greenspan regimes did. Instead, the Fed
should target commodity prices. Interest rates and the money supply are
nothing but instruments to be used as need be to hit the target. They are
not themselves the target.


Angell has now brought to wide public consciousness arguments that have
been made for several years now by supply-siders Jude Wanniski of
Polyconomics and David Gitlitz of DG Capital Advisers (a member of the
MetaMarkets think tank). These ideas are considered something between
heresy and idiocy by most economists. But, thank goodness, the market is
smarter than most economists - and it is clearly taking these ideas very
seriously.


The market is especially ready to absorb these ideas now because of the
news background. Last week the Japanese stock market broke to 16-year lows,
and its central bankers and finance ministers publicly declared the
Japanese economy to be a disaster area. And the reason? You guessed it:
deflation.


An article that ran on the front page of the New York Times business
section yesterday - the same day as Angell's op-ed piece - put the concept
of deflation into the major-media headlines for the first time: "Japan Is
Shackled by Deflation, Blocking Its Hope for Recovery."


Reporter Stephanie Strom got it exactly right when she described deflation
as, "a rare but devastating drop in the prices of goods and services that
is starting to feed on itself. Deflation is chipping away at asset values,
increasing credit risks, pinching wages and salaries, and preventing the
economy from generating any sustained growth after a decade of stagnation."


What does this have to do with Wayne Angell, monetary policy and
yesterday's stock-market crash? Simple. Japan's central bank, the Bank of
Japan, has tried for years to cure the deflation by targeting interest
rates. They've been pretty much at zero for most of the last four years.
And the situation there just gets worse, and worse and worse.


Phyllis Diller used to say, "Honey, you can twist those dials all you want
and the picture ain't going to get any better." That's what Wayne Angell
has learned from Japan's deflationary catastrophe, and the attempt to fix
it with interest rate targets. Even zero isn't low enough.


This pretty much scotches the nave myth that somehow "Alan Greenspan will
take care of it - he always does." Everyone knows that Greenspan will lower
rates 50 basis points on March 20 - and nobody cares. The tools that
Greenspan knows how to use don't work. His interest rate targeting
mechanism will be about as effective as "Whip Deflation Now" buttons.


The Greenspan myth is one that investors aren't giving up happily. That's
what yesterday was all about.
-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] NYT: A Stirring in the Long-Suffering Gold Market

2001-03-11 Thread R. A. Hettinga




March 11, 2001

Portfolios, Etc.: A Stirring in the Long-Suffering Gold Market

JONATHAN FUERBRINGER

A tremor is rumbling through the gold market.

The interest rate for lending gold, which generally hovers around 1
percent, was above 2 percent for 10 trading days and then surged over 6
percent on Friday.

What does this seismic change mean? Is it temporary, like some past spikes?
Or will it persist? If it does, it would mean higher gold prices ahead.

Higher prices are what the gold market needs. With a jump of $5.40 on
Friday after the surge in lease rates, gold for April delivery was at
$271.50 an ounce. But gold prices are still down 0.8 percent for the year
and just $17.80 above their 20-year low.

A rally would help gold stocks, which are already among the stock market's
best performers this year. Investors betting on such a rally often buy
gold-company stocks instead of the metal because stocks get a bigger lift
when the price of gold rises.

The lease rate is the charge for lending gold to producers, who sell gold
to lock in prices for future production, and to investors, who sell gold to
go short, hoping to make a profit if the price falls. The lease rate is
normally very low because the world's central banks have a lot to lend.

For years, gold producers and short-sellers have taken advantage of low
lease rates. And because the borrowed gold was sold to hedge or to bet
against gold, lending added to the downward pressure on gold prices.

So a high lease rate can shift market dynamics. The higher cost discourages
short- sellers from betting against gold. Many of them, in fact, buy gold
to unwind short positions and, in doing so, push gold prices higher, as
happened last week. The higher cost also deters producers from hedging.

But determining if the jump in lease rates is temporary or permanent is
difficult. First, this surge has no certain explanation. Second, it is hard
to judge probable causes in a market so divided between believers in the
"magical" qualities of gold and those who dare to treat it as a mere
commodity.

The increase in the lease rate would be clearly significant if it could be
traced to a decision by one or more European central banks to curtail their
gold lending. The World Gold Council, which represents major gold
producers, has been lobbying central banks to do just that.

But while many analysts can say confidently that central banks are unhappy
with low leasing rates, they cannot say that a central bank has changed
policy.

One possibility, however, is that the Bank of England has reduced its
lending. That might not be a bad tactic, given that the bank will auction
25 tons of gold on Wednesday as part of its planned sale of 415 tons over
three years. If lease rates hold and the price of gold rises, the bank
could do better than expected a few weeks ago.

It would make sense for central banks to curtail their lending as a way to
support the price of gold, which many of them are selling. The problem is
that in recent years, any jump in lease rates has attracted other lenders
into the market, pushing the rates back down. So while the price of gold
has risen with increases in lease rates, it has also fallen quickly as
lease rates declined.

The last big lease-rate surge came in the summer and fall of 1999, after
gold hit what was then 20-year low of $253.70 an ounce.

By September, the one-month lease rate was more than 4 percent at an annual
rate. Then, on Sept. 26, European central banks announced that they would
limit their annual gold sales in the next five years to 400 tons and
restrict the amount of gold that they would lend to then-current levels.

That sent the lease rate to 9.9 percent. From Sept. 20 to Oct. 6, the gold
price jumped almost 30 percent, to $326 an ounce. But by November, the
lease rate was back below 1 percent and the price was less than $300.

Even if the current lease-rate jump does not last, it should produce a nice
pop in gold. And though it may be brief, that is about as good as it gets
in the gold market today. 


Copyright 2001 The New York Times Company

-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] DCSB: Steven Levy; How the Crypto Rebels Won

2001-02-14 Thread R. A. Hettinga


--- begin forwarded text


Date: Wed, 14 Feb 2001 09:52:21 +
To: [EMAIL PROTECTED], [EMAIL PROTECTED]
From: "R. A. Hettinga" [EMAIL PROTECTED]
Subject: DCSB: Steven Levy; How the Crypto Rebels Won
Cc: Steven Levy [EMAIL PROTECTED], Scott Moskowitz [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
Reply-To: "R. A. Hettinga" [EMAIL PROTECTED]

-BEGIN PGP SIGNED MESSAGE-

[Note that the Harvard Club is now "business casual". No more jackets
and ties -- while it lasts, anyway :-)... --RAH]


  The Digital Commerce Society of Boston

 Presents
   Steven Levy,
  Author,
 Senior Editor, _Newsweek_ Magazine


"How the Crypto Rebels Won"

 Tuesday, March 6th, 2000
 12 - 2 PM
  The Downtown Harvard Club of Boston
One Federal Street, Boston, MA



How a group of outsiders envisioned a need for wide-spread
cryptography and then took on two daunting missions: providing
unprecedented tools to make this happen, and fighting the government
for the right to distribute the tools.


Steven Levy is a senior editor at Newsweek and author of CRYPTO: HOW
THE CODE REBELS BEAT THE GOVERNMENT, SAVING PRIVACY IN THE DIGITAL
AGE. He is also author of four other books including HACKERS,
ARTIFICIAL LIFE, INSANELY GREAT, and THE UNICORN'S SECRET, and have
contributed to many other publications.



This meeting of the Digital Commerce Society of Boston will be held
on Tuesday, March 6th, 2000, from 12pm - 2pm at the Downtown Branch
of the Harvard Club of Boston, on One Federal Street. The price for
lunch is $35.00. This price includes lunch, room rental, A/V hardware
if necessary, and the speakers' lunch. The Harvard Club has relaxed
its dress code, which is now "business casual", meaning no sneakers
or jeans. Fair warning: since we purchase these luncheons in advance,
we will be unable to refund the price of your meal if the Club finds
you in violation of what's left of its dress code.


We need to receive a company check, or money order, (or, if we
*really* know you, a personal check) payable to "The Harvard Club of
Boston", by Saturday, March 3rd, or you won't be on the list for
lunch. Checks payable to anyone else but The Harvard Club of Boston
will have to be sent back.

Checks should be sent to Robert Hettinga, 44 Farquhar Street, Boston,
Massachusetts, 02131. Again, they *must* be made payable to "The
Harvard Club of Boston", in the amount of $35.00. Please include your
e-mail address so that we can send you a confirmation

If anyone has questions, or has a problem with these arrangements
(we've had to work with glacial A/P departments more than once, for
instance), please let us know via e-mail, and we'll see if we can
work something out.


Upcoming speakers for DCSB are:

April 3  Scott Moskowitz  Watermarking and Bluespike


As you can see, :-), we are actively searching for future speakers.
If you are in Boston on the first Tuesday of the month, are a
principal in digital commerce, and would like to make a presentation
to the Society, please send e-mail to the DCSB Program Committee,
care of Robert Hettinga, mailto: [EMAIL PROTECTED].

-BEGIN PGP SIGNATURE-
Version: PGP 7.0

iQEVAwUBOopVR8UCGwxmWcHhAQGC0wf+Iu5psvIFhQiFdzJhhy2t2ftYtCUwtxe0
jUcfdU+tlzzUNhOaQzbv4ld1+VhpmAGhjtnbrc31SEUqSvdGJeq3xTSyazJHfo8d
JO0A5+cdPMYGEd/vD2PH86WcP36/zc6y57PjVZ30dkcrp554mM3s4UKPDTBZW/aX
1kyDtEBK/vHQblt01n5bVU+fCEJYRRV3qP0et3NebGZM4OP9+ehs92+nnd+4bsqN
qdGhgZqlsVLlwA9jEkrC0IsrypAqw/Xbxfubof4ys08/UALBNgGY+3dNFhtFmjnG
Pq8Jwhvu7CffqLbxFkON/pNu2KtFBBZLx8xep98NyP3a2lllbsCzmA==
=E2LW
-END PGP SIGNATURE-
-- 
-
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'
~
To unsubscribe from this list, send a letter to: [EMAIL PROTECTED]
In the body of the message, write:  unsubscribe dcsb-announce
Or, to subscribe,   write:  subscribe dcsb-announce
If you have questions, write to me at [EMAIL PROTECTED]

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] DCSB: Steven Levy; How the Crypto Rebels Won

2001-02-14 Thread R. A. Hettinga


--- begin forwarded text


Date: Wed, 14 Feb 2001 09:52:21 +
To: [EMAIL PROTECTED], [EMAIL PROTECTED]
From: "R. A. Hettinga" [EMAIL PROTECTED]
Subject: DCSB: Steven Levy; How the Crypto Rebels Won
Cc: Steven Levy [EMAIL PROTECTED], Scott Moskowitz [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
Reply-To: "R. A. Hettinga" [EMAIL PROTECTED]

-BEGIN PGP SIGNED MESSAGE-

[Note that the Harvard Club is now "business casual". No more jackets
and ties -- while it lasts, anyway :-)... --RAH]


  The Digital Commerce Society of Boston

 Presents
   Steven Levy,
  Author,
 Senior Editor, _Newsweek_ Magazine


"How the Crypto Rebels Won"

 Tuesday, March 6th, 2000
 12 - 2 PM
  The Downtown Harvard Club of Boston
One Federal Street, Boston, MA



How a group of outsiders envisioned a need for wide-spread
cryptography and then took on two daunting missions: providing
unprecedented tools to make this happen, and fighting the government
for the right to distribute the tools.


Steven Levy is a senior editor at Newsweek and author of CRYPTO: HOW
THE CODE REBELS BEAT THE GOVERNMENT, SAVING PRIVACY IN THE DIGITAL
AGE. He is also author of four other books including HACKERS,
ARTIFICIAL LIFE, INSANELY GREAT, and THE UNICORN'S SECRET, and have
contributed to many other publications.



This meeting of the Digital Commerce Society of Boston will be held
on Tuesday, March 6th, 2000, from 12pm - 2pm at the Downtown Branch
of the Harvard Club of Boston, on One Federal Street. The price for
lunch is $35.00. This price includes lunch, room rental, A/V hardware
if necessary, and the speakers' lunch. The Harvard Club has relaxed
its dress code, which is now "business casual", meaning no sneakers
or jeans. Fair warning: since we purchase these luncheons in advance,
we will be unable to refund the price of your meal if the Club finds
you in violation of what's left of its dress code.


We need to receive a company check, or money order, (or, if we
*really* know you, a personal check) payable to "The Harvard Club of
Boston", by Saturday, March 3rd, or you won't be on the list for
lunch. Checks payable to anyone else but The Harvard Club of Boston
will have to be sent back.

Checks should be sent to Robert Hettinga, 44 Farquhar Street, Boston,
Massachusetts, 02131. Again, they *must* be made payable to "The
Harvard Club of Boston", in the amount of $35.00. Please include your
e-mail address so that we can send you a confirmation

If anyone has questions, or has a problem with these arrangements
(we've had to work with glacial A/P departments more than once, for
instance), please let us know via e-mail, and we'll see if we can
work something out.


Upcoming speakers for DCSB are:

April 3  Scott Moskowitz  Watermarking and Bluespike


As you can see, :-), we are actively searching for future speakers.
If you are in Boston on the first Tuesday of the month, are a
principal in digital commerce, and would like to make a presentation
to the Society, please send e-mail to the DCSB Program Committee,
care of Robert Hettinga, mailto: [EMAIL PROTECTED].

-BEGIN PGP SIGNATURE-
Version: PGP 7.0

iQEVAwUBOopVR8UCGwxmWcHhAQGC0wf+Iu5psvIFhQiFdzJhhy2t2ftYtCUwtxe0
jUcfdU+tlzzUNhOaQzbv4ld1+VhpmAGhjtnbrc31SEUqSvdGJeq3xTSyazJHfo8d
JO0A5+cdPMYGEd/vD2PH86WcP36/zc6y57PjVZ30dkcrp554mM3s4UKPDTBZW/aX
1kyDtEBK/vHQblt01n5bVU+fCEJYRRV3qP0et3NebGZM4OP9+ehs92+nnd+4bsqN
qdGhgZqlsVLlwA9jEkrC0IsrypAqw/Xbxfubof4ys08/UALBNgGY+3dNFhtFmjnG
Pq8Jwhvu7CffqLbxFkON/pNu2KtFBBZLx8xep98NyP3a2lllbsCzmA==
=E2LW
-END PGP SIGNATURE-
-- 
-
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'
~
To unsubscribe from this list, send a letter to: [EMAIL PROTECTED]
In the body of the message, write:  unsubscribe dcsb-announce
Or, to subscribe,   write:  subscribe dcsb-announce
If you have questions, write to me at [EMAIL PROTECTED]

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Thestreet.com does an article on electronic gold transactions

2001-01-19 Thread R. A. Hettinga


--- begin forwarded text


Date: Fri, 19 Jan 2001 13:31:09 -0500
From: Somebody
Organization: Somewhere
To: [EMAIL PROTECTED]
Subject: (no subject)

http://www.thestreet.com/funds/strategies/1262395.html

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Reminder... Mac Crypto Jan 29th - Feb 1st

2000-12-29 Thread R. A. Hettinga


--- begin forwarded text


Date: Fri, 29 Dec 2000 09:55:58 -0800
To: [EMAIL PROTECTED]
From: Vinnie Moscaritolo [EMAIL PROTECTED]
Subject: Reminder... Mac Crypto  Jan 29th - Feb 1st
Cc: [EMAIL PROTECTED]

Hi all;

Below is a preliminary list of talks scheduled for the Millennium
Edition of  the Mac Crypto/ Internet commerce workshop.
The conference will be held at Apple's Deanza 3 Auditorium
from Jan 29th - Feb 1st .  I have had a lot  of people propose talks
but only a few have actually sent me their abstracts.

If you are on the list below and would like to correct the abstracts,
  please send me the updated text. If you are not on the list but plan to talk,
then send me the abstract now.

thanks.


--
Jonathan D. Callas
Counterpane Internet Security

  "The Effect of Anti-Circumvention Provisions on Security"

One of the properties of digital Intellectual Property (IP) is that it can
be easily reproduced, modified, and transferred.  In response, IP owners
have created creating new security technologies for controlling the digital
works. Inevitably, this creates an opportunity for those who can circumvent
those technologies.


---

Will Price, Director of Engineering
PGP Security, Inc.

"PGP Future Directions"

Will Price will discuss new technologies in PGP such as Key
Reconstruction, Instant Messaging encryption, PGP for Wireless, and future
directions of PGP on the MacOS platform.


  --

Jean-Luc GIRAUD [EMAIL PROTECTED]
"Security Architect". Gemplus (www.gemplus.com),

  "Introduction to Smartcards"

  This tutorial gives a general overview of the smartcard technology and
its added value for cryptography and security. Classical smartcard
concepts (card life cycle, smartcard structure, required
infrastructure,...) are covered along with recent ones like open cards
(Javacard,...). New applications and potentail security enhancements to
MacOS X are given. Finally, the current state of the art in smartcard
security is described. A lot of ressources are listed to give attendees
the opportunity to access more detailed information.

--


Charles Evans  [EMAIL PROTECTED],
Partner, BEK Ventures,

"Secure, Real-Time Financial Transactions Using WebFunds on the Mac."

The talk will center on real-world transfer of value in the form of
either a) exchange among commodity-back electronic currencies or b)
trading of shares in micro-enterprises.
-- 
Vinnie Moscaritolo KF6WPJ ITCB-IMSH
http://www.vmeng.com/vinnie/
PGP: 3F903472C3AF622D5D918D9BD8B100090B3EF042
---

WARNING: POLITICALLY INCORRECT AREA
All P.C. Personnel entering these premises will
encounter gravely offensive behavior and opinions.
(SEC4623. Ministry of political incorrection security act of 1995)
RAMPANT INSENSITIVITY AUTHORIZED

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] Financial Cryptography 01 preliminary program

2000-12-20 Thread R. A. Hettinga
 Grand Cayman is located on Seven Mile Beach.
There are two restaurants and three bars, including pool-side service.
The hotel has tennis courts and water sports services, and includes all
the standard features of a Marriott Beach Resort.  It is within walking
distance of the many restaurants and shopping attractions located on
Seven Mile Beach.

The Marriott room rate is:
US$299.00

This rate is based on single or double occupancy and is subject to a
10% government tax and a 10% hotel service charge.  The hotel service
charge includes bellmen and maid gratuities.  The rooms are run of the
house.

Telephone: +1 345 949 0088
Fax: +1 345 949 3347

Please request the rate of US$299.00 for Financial Cryptography.

COMFORT SUITES

This is a new hotel, just open this season.  It is located right next
door to the Marriott Beach Resort, only 300 feet from the beach.  Many
room have ocean views.  The hotel offers restaurant, bar, outdoor
swimming pool, jacuzzi, water sports centre, gift shop, guest coin
laundry, dry-cleaning, car hire, fitness centre, business centre, fax,
and copier services.

Suites Blocked for Financial Cryptography 01 are:

 Single  Double  Triple

Studio Suites 170 180 190
Deluxe Suites 185 195 205

Studio Suites: open floor plan with one queen bed, sleep sofa and
shower; can sleep 4 persons.

Deluxe Suites: open floor plan with two double beds, sleep sofa and
shower; can sleep 6 persons.

Telephone: +1 345 945 7300
Fax: +1 345 945 7400

These rates are in US$ and are subject to a 10% government tax and a
10% service charge.  They include a continental breakfast and
complimentary coffee in the bedrooms.

SLEEP INN RESORT

The Sleep Inn Resort is located about 10 minutes' walk from the
Marriott.  It is the closest hotel to downtown George Town, a 15-minute
walk along the scenic coast line.  The Sleep Inn is not located on the
beach but within easy walking distance.  There is a swimming pool, a
snack bar  grill, a dive shop and a boutique.

Single Room 120.00
Double Room 130.00

These rates are in US$ and are subject to a 10% government tax and a
10% service charge.  Breakfast is included with both rates.

Contact Josephine in reservations at the Sleep Inn.
Telephone: +1 345 949 9111
Fax: +1 345 949 6699
Email:  [EMAIL PROTECTED]

  Web Sites about the Cayman Islands

The official Department of Tourism site:
http://www.caymanislands.ky
The official government and weather site:
http://www.gov.ky
Local news and issues:
http://www.caymannetnews.com
The official site for info on Financial Services:
http://www.caymanfinance.gov.ky
The national airline, Cayman Airways:
http://www.caymanairways.com

All of these sites have links to various other sites of interest on the
Cayman Islands.

   Program Committee

Matt Blaze, ATT Labs - Research
Yair Frankel, Ecash
Matt Franklin, UC Davis
David Kravitz, Wave Systems Corp.
Arjen Lenstra, Citicorp
Philip MacKenzie, Lucent Bell Labs
Avi Rubin, ATT Labs - Research
Jacques Stern, Ecole Normale Superieure
Kazue Sako, NEC
Stuart Stubblebine, CertCo
Paul Syverson (Chair), Naval Research Laboratory
Win Treese, Open Market, Inc.
Doug Tygar, UC Berkeley
Michael Waidner, IBM Zurich Research Lab
Moti Yung, CertCo

 Organizing Committee

Program Chair:
Paul Syverson ([EMAIL PROTECTED])

General Chair:
Stuart Haber ([EMAIL PROTECTED])

Sponsorship Chair:
Barbara Fox ([EMAIL PROTECTED])

   Sponsors

FC01 is sponsored by:

Bibit Internet Billing Services http://www.bibit.com
nCipher Corporation http://www.ncipher.com
InterTrust Corporation http://www.intertrust.com

If you are interested in sponsoring FC01, please contact the
Sponsorship Chair at the email addresses listed above.

For further information, please see the main FC01 conference web page
at http://fc01.ai/.

--- end forwarded text


-- 
-
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'

For help on using this list (especially unsubscribing), send a message to
"[EMAIL PROTECTED]" with one line of text: "help".
-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] DCSB: Chuck Wade; ACH in Internet Payment

2000-12-12 Thread R. A. Hettinga


--- begin forwarded text


Date: Tue, 12 Dec 2000 19:11:34 -0500
To: [EMAIL PROTECTED], [EMAIL PROTECTED]
From: "R. A. Hettinga" [EMAIL PROTECTED]
Subject: DCSB: Chuck Wade; ACH in Internet Payment
Cc: Chuck Wade [EMAIL PROTECTED], Ted Byfield [EMAIL PROTECTED],
Scott Moskowitz [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
Reply-To: "R. A. Hettinga" [EMAIL PROTECTED]

-BEGIN PGP SIGNED MESSAGE-

[Note that the Harvard Club is now "business casual". No more jackets and
ties... --RAH]


  The Digital Commerce Society of Boston

 Presents


Chuck Wade,
 Senior Researcher, Internet Payments and Security,
CommerceNet

Legacy Electronic Payment Systems meet the Internet:
  Using ACH for Internet Payments

 Tuesday, January 2nd, 2000
 12 - 2 PM
  The Downtown Harvard Club of Boston
One Federal Street, Boston, MA




Electronic payment systems have been around for more than a
quarter century, but are characterized by a legacy of private
networks and mainframe transaction processing systems. Recently,
there have been a variety of new schemes proposed and even
implemented to bring legacy epayment systems to the Internet.
This is especially true of the Automated Clearing House (ACH)

system, which is evolving rapidly to support new interfaces with
Internet-based payment services.

This talk will focus on some of the approaches being used to
adapt the legacy ACH system to new Internet payment services, and
will explore some of the positive and negative implications of
these developments.


Chuck Wade is a Senior Researcher for CommerceNet focusing on
Internet payments and information security. Prior to joining
CommerceNet, he was a Principal Consultant in the Information
Security Group of BBN Technologies. At BBN, he led Electronic
Commerce initiatives and client engagements, with most of his
consulting work within the Financial Industry. As one of the
original participants in the FSTC eCheck Project, Chuck has been
involved with over-the-Internet electronic payments since the mid
1990's. He also contributed directly to the architecture, design,
deployment and testing of various large, mission-critical
networks, including the trading floor network for the New York
and American Stock Exchanges.

In a career spanning a quarter century, Chuck spent all of the
'90s with BBN (now a part of Verizon) as a Consultant and Systems
Architect. During most of the '80s, he worked at Motorola
directing the Advanced Technology Group for the Codex division.
He has also worked in the minicomputer industry and university
research. He holds both Sc.B. and Sc.M. degrees from Brown
University in Electrical Engineering.



This meeting of the Digital Commerce Society of Boston will be held on
Tuesday, January 2nd, 2000, from 12pm - 2pm at the Downtown Branch of
the Harvard Club of Boston, on One Federal Street. The price for lunch is
$35.00. This price includes lunch, room rental, A/V hardware if
necessary, and the speakers' lunch. The Harvard Club has relaxed its
dress code, which is now "business casual", meaning no sneakers or jeans.
Fair warning: since we purchase these luncheons in advance, we will be
unable to refund the price of your meal if the Club finds you in
violation of what's left of its dress code.


We need to receive a company check, or money order, (or, if we *really*
know you, a personal check) payable to "The Harvard Club of Boston", by
Saturday, December 30th, or you won't be on the list for lunch. Checks
payable to anyone else but The Harvard Club of Boston will have to be
sent back.

Checks should be sent to Robert Hettinga, 44 Farquhar Street, Boston,
Massachusetts, 02131. Again, they *must* be made payable to "The Harvard
Club of Boston", in the amount of $35.00. Please include your e-mail
address so that we can send you a confirmation

If anyone has questions, or has a problem with these arrangements (We've
had to work with glacial A/P departments more than once, for instance),
please let us know via e-mail, and we'll see if we can work something
out.


Upcoming speakers for DCSB are:


February 6  Ted Byfield  Decentralized DNS Control
March 6 Scott Moskowitz  Watermarking and Bluespike


As you can see, :-), we are actively searching for future speakers. If
you are in Boston on the first Tuesday of the month, are a principal in
digital commerce, and would like to make a presentation to the Society,
please send e-mail to the DCSB Program Committee, care of Robert
Hettinga, mailto: [EMAIL PROTECTED].

-BEGIN PGP SIGNATURE-
Version: PGPfreeware 6.5.8 for non-commercial use http://www.pgp.com

iQEVAwUBOja+gcUCGwxmWcHhAQECxgf+O7pd13JHzqUaJ8LrsXW62i8WSNsnxYCk
qXMX/XXopBJW2gt8RL4nOsAt6A1ssgcLK3+kUOcLom804UryJe1p3DfC/HHJVfJP
1o4v

[e-gold-list] Frezza: The Internet Vs. Tyranny, and Other Parting Thoughts

2000-12-07 Thread R. A. Hettinga

Wherein Bill Frezza, my only reason for an InternetWeek subscription, signs
off.


So long, Bill, and thanks for all the fish...

:-).

Cheers,
RAH



At 10:08 PM -0700 on 12/6/00, InternetWeek Newsletter wrote:


 Opinion: The Internet Vs. Tyranny, And Other Parting Thoughts

 Writing a regular opinion column is an invigorating tonic, a deadline-
 disciplined interlude of forced reflection, providing an opportunity
 to follow where the muse might lead. With this column, I have tried
 to examine the broader impact of Internet technology on business,
 public policy and society. My approach has been rooted in the firm
 belief that ideas matter and that fundamental principles worked out
 long ago can be applied to novel situations to guide us toward
 discovering not only what might be but what ought to be.

 Working against the backdrop of a society that has deeply embraced
 moral relativism has provided ample opportunity to lay bare the
 hypocrisy that permeates both the business and political leadership
 of our day. Judging by the mail I've received from so many readers
 over the years, this has delighted some and infuriated others, which
 was exactly my objective.

 Our industry, the telecommunications industry, and its newborn wonder
 child the Internet, are shaking up the world like no revolution
 before. Of course there are historical developments that had greater
 impact. But none has affected so many people over such a brief
 period. And, thanks to the acceleration of events brought about by
 the Internet itself, we are all in a position to see the results of
 the choices we make, unlike our predecessors who played largely to
 posterity.

 Most encouraging, the power to innovate is decentralizing, with the
 rewards for success so unabashedly disproportionate that
 extraordinary efforts are being called forth from people who might
 otherwise be content to lead ordinary lives. Progress has always come
 from the motivated few over the objections of the complacent many.
 The way these few are treated determines the future. The most
 profound contribution of the American experiment to human happiness
 is that we have freed the basic impulse for improvement from the
 tyranny of hidebound culture. The Internet has become both the source
 and the conduit to export our culture of success to the rest of the
 planet, smashing ancient chauvinism by exposing one and all to the
 Darwinian hurricane.

 Capital has been pried from the grip of those whose main objective
 was to preserve it, set loose in a global arena seeking market-driven
 returns. Talent has been released from the prison of place to make
 contributions far beyond the reach of local customs and constraints.
 The price to access knowledge has dropped so precipitously that
 anyone can stand on the shoulders of everyone, scaling heights that
 would otherwise take lifetimes to achieve. The cost of failure has
 been reduced to such acceptable levels that this marvelous teacher
 can instruct without maiming, making its students stronger as they
 prepare for the next challenge. Coercive force wielded by prince or
 mob is receding toward impotency, unable to have its way as the prime
 productive asset becomes the power of unfettered minds.

 These are good things to remember as we head into a cyclical economic
 downturn. Many will question the value of what has been created. The
 reactionaries will preach ruin and the envious will gloat, claiming
 the Internet bubble was an aberration. They are wrong. The
 businesses, technologies and entrepreneurs that survive the cleansing
 fires will form the foundation for the next round of growth. The
 failures will be its fertilizer. This is as it should be. Unlike the
 Roaring Twenties when the central government was powerful enough to
 turn a recession into a protracted depression, today's government is
 so palpably broken, careening headlong toward a chronic dysfunctional
 state, that it can be discounted. Washington will remain a bleeding
 tax on progress, but as a tapeworm rather than a cancer. The
 innovators will outrun it, along with its European counterparts who
 foolishly believe that coalescing into a single ministerial glob will
 assure bureaucratic immortality.

 Thank you, dear readers. It has been a great six years. This is my
 last column, at least for the foreseeable future. The press of
 business and the closing of our newest venture fund demands my full
 attention. I am also deathly afraid that I am becoming a bore,
 preaching the same themes in variations that can only be appreciated
 by diehard free market capitalists--a misunderstood minority even in
 the best of times. Hence until I retire, a good 10 years from now, my
 harangues will have to be reserved for my poor dinner companions.

 Happy thoughts for a happy future. Farewell, until we meet again.
 --Bill Frezza

-- 
-
R. A. Hettinga mailto: [EMAIL PROTECTED]
The Internet Bearer Underwriting Corporation http://www.ibuc.com

[e-gold-list] Bank of England White Paper on Payment Systems Oversight

2000-12-02 Thread R. A. Hettinga


--- begin forwarded text


From: Somebody
To: "Bob Hettinga" [EMAIL PROTECTED]
Subject: FW: Recent Publication
Date: Sat, 2 Dec 2000 08:03:37 -
Status: U

Bob,

The url below is wrong: try http://www.bankofengland.co.uk/fsr/ops.pdf
instead.

Somebody

 -Original Message-
 From: Somebody at The Bank of England
 Sent: Friday, December 01, 2000 6:33 PM
 To: Somebody
 Subject: Recent Publication


 You may be aware that we published a paper entitled 'Oversight of
 Payment Systems' this week.   It sets out our objectives for
 payment system oversight and describes our role in practice.
 The paper is available be on the Bank's website at
 www.bankofengland.co.uk/fsr/payment.

 Please let me know if you would like a printed copy.

 Regards

 Somebody at the BofE's .sig



--- end forwarded text


-- 
-----
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] DCSB: Ramzan and Van Someren; Minting Millidollars for Streaming Cash

2000-10-25 Thread R. A. Hettinga


--- begin forwarded text


Date: Tue, 24 Oct 2000 19:13:50 -0400
To: [EMAIL PROTECTED], [EMAIL PROTECTED]
From: "R. A. Hettinga" [EMAIL PROTECTED]
Subject: DCSB: Ramzan and Van Someren; Minting Millidollars for Streaming
 Cash
Cc: Ted Byfield [EMAIL PROTECTED], Scott Moskowitz [EMAIL PROTECTED],
Ron Rivest [EMAIL PROTECTED],
Adi Shamir [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
Reply-To: "R. A. Hettinga" [EMAIL PROTECTED]

-BEGIN PGP SIGNED MESSAGE-

[Note that the Harvard Club is now "business casual". No more jackets and
ties... --RAH]


  The Digital Commerce Society of Boston

 Presents


  Zulfikar Ramzan,
  Financial Cryptographer,
 MIT Laboratory for Computer Science

   and

   Dr. Nicko Van Someren,
   Financial Cryptographer,
  Chief Technology Officer,
 nCipher PLC,

   "Aspen" vs. "Hancock":
  Minting Millidollars for Streaming Cash

 Tuesday, November 7th, 2000
 12 - 2 PM
  The Downtown Harvard Club of Boston
One Federal Street, Boston, MA


Zulfikar Ramzan is currently a PhD student at the Massachusetts Institute
of Technology where he works with the Cryptography and Information
Security research group. At MIT, he works under the supervision of
Professor Ronald Rivest, co-inventor of the RSA public-key cryptosystem
and the Micromint micropayment protocol. He has authored a number of
publications in the field of cryptography and has presented his research
at various conferences in his field [including the International
Conference on Financial Cryptography --RAH]. He holds a number of patents
in data security, and some of his work is being considered for use in
several national and international standards in the wireless
communications industry. Mr. Ramzan has worked in cryptographic algorithm
and protocol design with the Wireless Secure Communications group at
Lucent Technologies. Upon graduation, Mr. Ramzan will join Lucira
Technologies.


Dr Nicko van Someren co-founded nCipher in 1996. As Chief Technology
Officer Nicko leads nCipher's research team and directs the technical
development of nCipher products. From 1993 to 1996, Nicko was Technical
Director and co-founder of ANT Limited, where he developed hardware
products and application software. Before that, he was employed as a
Researcher by Xerox EuroPARC and as a Software Engineer by Atari Research
and Perihelion Software Limited. Nicko has almost 20 years' experience in
cryptography, software and hardware product development, and holds a
Doctorate and First Class degree in Computer Science from Trinity
College, Cambridge, UK.


Zully Ramzan will talk about the proposed design of Aspen: a practical
Micromint implementation for IBUC, the Internet Bearer Underwriting
Corporation. In addition to going over the basic underlying protocols, he
will discuss the various design and parameter choices. He will also
examine the practical ramifications of these decisions. Thereafter he
will discuss potential modifications and extensions that may be of use
for future implementations of Aspen. The ideas he will present are based
on discussions with Ron Rivest and Adi Shamir, the two co-inventors of
Micromint.

Nicko van Someren will then talk about the practical problems surrounding
the implementation of a MicroMint. He will consider the engineering
issues along with the economic issues and look at how the nature of
MicroMint mandates various unhelpful deployment issues. He will also
consider alternatives to MicroMint which aim to solve these issues.
[Including a signature-based solution IBUC is calling, for lack of a
better moniker, "Hancock", which would be about 100 times cheaper to
prototype, much less get to market, and streaming cash on the wire in 3-6
months. :-) --RAH]

Want to know what IBUC's going to do *now*? Come to the November DCSB
meeting and find out.


Appropriately enough, this meeting of the Digital Commerce Society of
Boston will be held on Election Day, Tuesday, November 7th, 2000, from
12pm - 2pm at the Downtown Branch of the Harvard Club of Boston, on One
Federal Street. The price for lunch is $35.00. This price includes lunch,
room rental, A/V hardware if necessary, and the speakers' lunch. The
Harvard Club has relaxed its dress code, which is now "business casual",
meaning no sneakers or jeans. Fair warning: since we purchase these
luncheons in advance, we will be unable to refund the price of your meal
if the Club finds you in violation of what's left of its dress code.


We need to receive a company check, or money order, (or, if we *really*
know you, a personal check) payable to "The Harvard Club of Boston", by
Saturday, November 4th, or you won't be on 

[e-gold-list] Gold-Age Notices

2000-10-04 Thread R. A. Hettinga


--- begin forwarded text


Date: Wed, 4 Oct 2000 05:07:45 -0400 (EDT)
From: [EMAIL PROTECTED], LLC [EMAIL PROTECTED]
To: [EMAIL PROTECTED];
Subject: Gold-Age Notices

This message is being sent to everyone who placed a credit card order
(whether it was accepted or declined by Authorize.Net) with Gold-Age
between 09/16 and 09/29, in order to address some questions we have received


*   Gold-Age has changed its rates and policies for credit card orders (and
other payment vehicles) effective 10/01/2000. The service charge on orders
placed before this date will not be affected.

*Many who placed orders over $200 have inquired as to why their e-gold
account is not yet funded.  As per the policy on our website: there is an
additional 7 day hold for CC  orders over $200

*   In order to better serve and protect our clients, Gold-Age has set up
an exclusive Preferred Client website, accessable only by Preferred
Clients. Some of the benefits of being a Preferred Gold-Age Client are
faster service and lower rates. See our website for more info on becoming a
Preferred Client (past clients of Gold-Age that qualify as preferred
clients will receive an E-mail in the next day or two with instructions on
setting up their User ID  Password for access to the Preferred client
pages and order forms),

*   Gold-Age was hit by over 5 million (USD )worth of fraudulent CC orders
over the past week (and we're still investigating more). This significantly
slowed our processing for a while, delaying orders that otherwise would
have been funded 1 or 2 business days ago (this credit card fraud also
almost resulted in the loss of our merchant processing accounts). We
apologize for any inconvenience. We are back on track, with a new and
improved service (baptism by fire!)  and if your order is not subject to an
additional hold it will be funded post-haste. Our new order policies and
internal screening proceedures should make the majority fraudulent orders a
less significant problem.

Thank you for using Gold-Age.


Regards,

Parker E.C. Bradley
President
Gold-Age, LLC

--
[EMAIL PROTECTED]
www.gold-age.net
--

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]



[e-gold-list] A lesson in book-entry settlement

2000-09-27 Thread R. A. Hettinga

Forwarded without (too much) comment, except that I can't wait until the
auditors see *this* one on IBUC's books.

:-).

For those who don't know them Gold-Age is one of the new gold exchanges
instituted in the e-gold system so that e-gold itself can concentrate on
the wholesale end of things.



Cheers,
RAH

--- begin forwarded text


Date: Wed, 27 Sep 2000 11:58:37 -0400 (EDT)
From: Gold-Age [EMAIL PROTECTED]
To: [EMAIL PROTECTED];
Subject: Gold-Age CC-statement Warning

Dear Valued Customer,

Between 09/01/2000 and today (09/26/2000) you placed an order with
Gold-Age. If your order was approved and your credit card billed, something
similar to the following may show up on your credit card statement
transaction description.

"Gold-Age, LLC: Dating/Escort Services"

This is obviously  incorrect!!!   It should read something like:

"Gold-Age, LLC: Precious Metals, coins, etc."  or some similar phrase
indicating that we deal in precious metals.

What happened is that our credit card processor  put the wrong business
description codes into the credit card networks when they set up our
account. The error has been corrected and any future CC-statements should
have the correct business description on them.

Thank you for your time, and thank you for using Gold-Age.


Regards,

Parker E.C. Bradley
President
Gold-Age, LLC

--
[EMAIL PROTECTED]
www.gold-age.net
--

--- end forwarded text


-- 
-
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'

---
You are currently subscribed to e-gold-list as: archive@jab.org
To unsubscribe send a blank email to [EMAIL PROTECTED]