From: pstemari@fsp.fsp.com (Paul Ste. Marie)
Date: Tue, 6 Dec 94 19:48:55 PST
To: alex@omaha.com
Subject: backing ecash
In-Reply-To: <199412050431.WAA00176@omaha.omaha.com>
Message-ID: <9412070347.AA11423@fsp.fsp.com>
MIME-Version: 1.0
Content-Type: text/plain


> Now obviously, things would work a lot more smoothly if you didn't need me
> or my digital currency exchange.  It would be nice if Bob and Alice could
> buy and sell edollars from their banks online.  But it's not essential.  I

Isn't there a problem with net-based distribution of ecash?  It would
seem that Eve could intercept the ecash and spend it first.  Encrypted
email return of the ecash would seem to violate the anonymity of the
ecash.  Some sort of one-time encrypted return address would seem to
be necessary, but better yet would be a vending machine that took a
floppy disk and some currency and stuck the ecash on the floppy.

	Paul