From: Steven Levy <steven@echonyc.com>
Date: Fri, 27 Oct 1995 10:57:50 +0800
To: "Vladimir Z. Nuri" <vznuri@netcom.com>
Subject: Re: newsweek oct 30 Levy digital cash article
In-Reply-To: <199510262050.NAA00978@netcom23.netcom.com>
Message-ID: <Pine.SOL.3.91.951026180246.16411E-100000@echonyc>
MIME-Version: 1.0
Content-Type: text/plain


>also, my question about whether one loses the downloaded Chaumian bucks
if one's hard drive crashes was answered in the affirmative by Levy.

But as I said, if the drive is backed up you don't lose it. It's my 
understanding this is the case with the current Digicash/Twain bucks.  
But not necessarily with all implementations.

This "lose your money" with digital cash really does seem to get to 
people. I always point out that when you take $ out of an ATM machine, 
you don't expect to get it back if you lose it.  For those forms of 
e-money that are irretrevable when lost users are warned not to download 
huge amounts. 

Question: will people's worries about losing their e-money lead them to 
accept a higher degree of tracibility as a tradeoff?  

Steven