1995-10-30 - Re: newsweek oct 30 Levy digital cash article

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From: Jiri Baum <jirib@sweeney.cs.monash.edu.au>
To: jirib@cs.monash.edu.au
Message Hash: b370d695bf07bed45b7f38afb51cae155484592da63dc5e9e1e5782ccb9f3577
Message ID: <199510300447.PAA19230@sweeney.cs.monash.edu.au>
Reply To: <199510272049.NAA29753@netcom7.netcom.com>
UTC Datetime: 1995-10-30 05:05:32 UTC
Raw Date: Mon, 30 Oct 1995 13:05:32 +0800

Raw message

From: Jiri Baum <jirib@sweeney.cs.monash.edu.au>
Date: Mon, 30 Oct 1995 13:05:32 +0800
To: jirib@cs.monash.edu.au
Subject: Re: newsweek oct 30 Levy digital cash article
In-Reply-To: <199510272049.NAA29753@netcom7.netcom.com>
Message-ID: <199510300447.PAA19230@sweeney.cs.monash.edu.au>
MIME-Version: 1.0
Content-Type: text/plain


Hello Steven Levy <steven@echonyc.com>
  and cypherpunks@toad.com
  and "Vladimir Z. Nuri" <vznuri@netcom.com>

V.Z.N (order of paragraphs rearranged by J.B.):
> I would suggest to all companies developing e-cash that they print up
> a carefully designed FAQ in which their cash properties 
> are compared directly with parallel
> properties of credit cards such as like the item above, because the

Well, why not one of us?

Please have a look at http://www.cs.monash.edu.au/~jirib/ecash-cc.html
and tell me what you think. Any good?

> how would the bank handle a situation in which the consumer says, "oops,
> my hard drive was compromised. all of the following cash was NOT spent
> by me."

Easy: whoever is at the bank first gets the cash. So you simply spend
all the coins (ie deposit it back to your account), and that's that.

> or, the bank might say, "oh, well, that cash was not spent yet. we can issue
> a replacement and bar the cash from being spent".

Yup. No special protocol is needed, either.

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

I read in the newspaper that the "Eros Foundation" (or whatever the name
is) has the second-largest mailing list in Australia. (The article was
about how they could affect elections should one or the other party promise
to ban X (non-violent erotica), and generally concluded that they could,
if they haven't already.) I wonder if that'd be a good market for
untraceable transactions?

Please tell me what you think of the page...

- --
If you want an answer, please mail to <jirib@cs.monash.edu.au>.
On sweeney, I may delete without reading!
PGP 463A14D5 (but it's at home so it'll take a day or two)
PGP EF0607F9 (but it's at uni so don't rely on it too much)

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