1995-10-11 - Re: Banque des Cypherpunks

Header Data

From: Thomas Grant Edwards <tedwards@Glue.umd.edu>
To: David Murray <sdavidm@iconz.co.nz>
Message Hash: 17e11fa76710c0ef81c4b1e2bdc9098729d682228d5c3ac70bc8e2e67a599c16
Message ID: <Pine.SUN.3.91.951011135717.10037A-100000@volt.isr.umd.edu>
Reply To: <pnr828410657q@iconz.co.nz>
UTC Datetime: 1995-10-11 18:01:18 UTC
Raw Date: Wed, 11 Oct 95 11:01:18 PDT

Raw message

From: Thomas Grant Edwards <tedwards@Glue.umd.edu>
Date: Wed, 11 Oct 95 11:01:18 PDT
To: David Murray <sdavidm@iconz.co.nz>
Subject: Re: Banque des Cypherpunks
In-Reply-To: <pnr828410657q@iconz.co.nz>
Message-ID: <Pine.SUN.3.91.951011135717.10037A-100000@volt.isr.umd.edu>
MIME-Version: 1.0
Content-Type: text/plain


On Wed, 11 Oct 1995, David Murray wrote:

> A bank isn't going to last long if the SEC can just take its 'deposits'. 
> Fortunately there are still a number of jurisdictions left where the bank's
> bank account should be safe.

Use k-out-of-n secret sharing to split digital coins among hundreds of
pseudo-banks spread throughout the world, so that governments would have
to make a large number of raids to shut it down. 

-Thomas






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