From: futplex@pseudonym.com (Futplex)
Date: Tue, 9 Jan 1996 07:22:17 +0800
To: cypherpunks@toad.com (Cypherpunks Mailing List)
Subject: Re: Certificates: limiting your liability with reuse limitations
In-Reply-To: <Pine.SUN.3.91.960108172534.14719h-100000@viper.law.miami.edu>
Message-ID: <199601082310.SAA27803@thor.cs.umass.edu>
MIME-Version: 1.0
Content-Type: text/plain


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A. Michael Froomkin writes:
> I know I can put an expiration date on the certificate, but that's not 
> enough.  I can accumulate a lot of exposure in a few seconds, much less 
> weeks.
> 
> I know I can put a reliance limit in the X.509 ver 3 certificate, but 
> that's not enough.  Even a $1 limit could be used many millions of times.
> 
> Is it feasabile to say: Can only be relied on once per day/week/month?  

This sounds like it would present the same exposure problems as an expiration
date, but perhaps be more difficult to impose. As you said above, you can
assume huge liability in a few seconds, even if you're only given a few
seconds a week. Also, I don't immediately see a way to arrange this on the
technical side that doesn't reduce to using something that expires and
replacing/refreshing it periodically. Of course, the net is in some ways
excellent for that sort of application.

How about combining value limits with time limits ?  Over the wire, using
low value limits and replacing them frequently might be a workable solution.

> Is this something the relying parties can reasonably be expected to monitor?

This sounds like a legal question, so I don't think I can offer a useful 
response. 

Futplex <futplex@pseudonym.com>       "I think every player in the NFL should 
	    	have to go through grad school. It would be a great humbler." 
	    -Matt Miller, Cleveland Browns 1979-1983, Ph.D. Georgia Tech 1993

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