1995-12-05 - Geodesic Payment Systems? (was Re: Meeting notes from ANSI X.9 Meeting on Electronic Payment)

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From: nelson@crynwr.com (Russell Nelson)
To: cypherpunks@toad.com
Message Hash: 330a364509f72f8d9166b9b2bfb36d6b3f3e72650fa9e19473a6fd3c3a58c40e
Message ID: <m0tMyoZ-000G3fC@ns.crynwr.com>
Reply To: <v02120d09ace90e1bce3b@[199.0.65.105]>
UTC Datetime: 1995-12-05 14:56:41 UTC
Raw Date: Tue, 5 Dec 95 06:56:41 PST

Raw message

From: nelson@crynwr.com (Russell Nelson)
Date: Tue, 5 Dec 95 06:56:41 PST
To: cypherpunks@toad.com
Subject: Geodesic Payment Systems?  (was Re: Meeting notes from ANSI X.9 Meeting on Electronic Payment)
In-Reply-To: <v02120d09ace90e1bce3b@[199.0.65.105]>
Message-ID: <m0tMyoZ-000G3fC@ns.crynwr.com>
MIME-Version: 1.0
Content-Type: text/plain


Nathaniel Borenstein writes:

 > A true geodesic structure is self-supporting and self-structuring.  A
 > cryptographic infrastructure can and should be similar, I agree
 > completely.  However, a *monetary* infrastructure needs convertability,
 > and the points of conversion are always the best targets of attack for
 > criminals.

Ah!  You mean the criminals seeking to exploit the conversion, not
criminals using the anonymity of the system for income secrecy.  I got
a little confused right there.

-russ <nelson@crynwr.com>    http://www.crynwr.com/~nelson
Crynwr Software   | Crynwr Software sells packet driver support | PGP ok
11 Grant St.      | +1 315 268 1925 voice | Flushing, NY.  Not just a suburb,
Potsdam, NY 13676 | +1 315 268 9201 FAX   | it's a good idea in general.





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