McMeikan, Andrew ([EMAIL PROTECTED]) wrote:

> with technocash/digicash/digigold there is no problems the value can be
> encrypted and sent with the spenders id unrevealed,

Yes, but how do you prevent a "replay attack"?  Either by the person who
was supposed to receive the payment (what stops them from deducting a
larger amount than they're supposed to by simply using your signed
payment multiple times); or by an eavesdropper who intercepts the signed
payment?

(I'm not saying it can't be done; just playing devil's advocate.  If
you implement a system that involves real money, you'd better be *damned*
sure you've got all these details taken care of!)

> for easier currencies
> like e-gold/paypal you need a third party that changes these to a more
> anonymous payment (any one who likes that idea pleas feel free to join up at
> http://www.egroups.com/group/goldenagents ) ; several already exist

This is a slightly more serious issue.  Do you trust this third party not
to reveal your identity?  How stable is this third party, financially --
will they go bankrupt next year?

-- 
Greg Wooledge                  |   "Truth belongs to everybody."
[EMAIL PROTECTED]              |    - The Red Hot Chili Peppers
http://wooledge.org/~greg/     |

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