From: nelson@crynwr.com (Russell Nelson)
Date: Sun, 12 Jun 94 20:26:31 PDT
To: cypherpunks@toad.com
Subject: Online/offline transactions
Message-ID: <m0qD1m2-000IBfC@crynwr.com>
MIME-Version: 1.0
Content-Type: text/plain


Don't worry about online vs offline transactions.  The credit card
companies are moving toward all online transactions.  A company down
in NJ called RAM Mobile Data is helping them on this.  They have base
stations in 90% of urban business areas.  The radios are fairly cheap
(even though they need an appropriate thing to plug them into) and the
per-transaction charges are about a dime.

So I would say that the important problem to solve is "how do we make
accounts anonymous?" rather than "how do we avoid double-spending?"

-russ <nelson@crynwr.com>      ftp.msen.com:pub/vendor/crynwr/crynwr.wav
Crynwr Software   | Crynwr Software sells packet driver support | ask4 PGP key
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