From: Duncan Frissell <frissell@panix.com>
Date: Sun, 28 Jan 1996 20:10:21 +0800
To: "James A. Donald" <cypherpunks@toad.com
Subject: Re: Hash trees and bank solvency.
Message-ID: <2.2.32.19960128115355.0097fcf4@panix.com>
MIME-Version: 1.0
Content-Type: text/plain


At 09:33 PM 1/27/96 -0800, James A. Donald wrote:
>A hash tree can provide proof to a banks customers that the bank only
>has the amount outstanding that it claims to have, without the need
>for gunmen to check the totals.

Ask Eric Hughes (one of our founders) to describe his Open Books Protocol
for you.  You're a few years too late.

DCF