Re: Spoiling digital cash

2001-12-11 Thread jamesd
-- On 10 Dec 2001, at 16:16, [EMAIL PROTECTED] wrote: An idea just popped into my head, I was wondering if anyone had thought of this before. Most likely someone has, and has either proven the idea is impossible or has figured out how to do it. Th idea is, when buying some good or

Re: Spoiling digital cash

2001-12-10 Thread David Honig
At 09:48 PM 12/10/01 -0600, Jim Choate wrote: On Tue, 11 Dec 2001, Anonymous wrote: To rip the coin, the passenger gives the taxi driver t = s^e1, along with x. The driver can verify that t^e2 = s^(e1*e2) = s^e1 = x mod n which tells him that it is a real coin. He also sends (t, x) to the

Re: Spoiling digital cash

2001-12-10 Thread Jim Choate
On Mon, 10 Dec 2001, David Honig wrote: this *corroborates* the stuff Hettinga has been saying about it being cheaper to use certain kinds of payment than others. Actually Hettinga's observation is rather obvious. The concept that all exchanges will cost the same is rather self-destructing.