-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On Tue, 12 Nov 2002 18:50, Nomen Nescio wrote:
> Supposedly, then, this is cash which can be transferred anonymously via > IIP or Freenet. Leaving aside the question of trusting an anonymous bank > (trust takes time), the sticking point for ecash is how to transfer > between yodels and other currencies. Without transferability, what > gives yodels their value? Yodel says it uses Orlin Grabbe's DMT Rand as backing: http://dmt.orlingrabbe.com/ There's some detail on DMT's crypto here: https://196.40.46.24/dmtext/jog/dmt2.htm It's not clear what value - if any - Yodel provides over and above the DMT Rand system. The IIP interface provides a more anonymous method of account management than the DMT interface. The (apparent) disconnect between Yodel and DMT suggests Yodel may provide an additional level of privacy between the customer and DMT - but since Yodel is anonymous, there's no way to be sure it isn't secretly run by DMT itself. There's also some confusion about the extent of the anonymity provided by Yodel. The "Transfers" page says exchange between DMT and Yodels must be done by email, not IIP. This entails a certain amount of risk, since there's no trustworthy nym-based email available at the moment. Most, or perhaps all, of the anonymity in Yodel appears to apply to the bank, not its customers. But that could just make it even more interesting. > So Mr. Yodel purchased his domain name (what domain name?) and his hosting > by using yodels. If someone is selling these services for yodels, that > could provide a limited basis for giving the currency value. Several web hosting companies sell anonymous accounts with fees payable in e-gold. Perhaps some are now accepting DMT bearer certificates. Why hasn't DMT received any attention on the cypherpunks list? -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.0.6 (OpenBSD) Comment: For info see http://www.gnupg.org iD8DBQE90aLMNQRvvN0l84URAimJAJ4qMTmjQjV2p3J+E5GuA1d6ks17ogCfak3x zMnxcsEjE4mxbAYBsCmv+/8= =1Cbo -----END PGP SIGNATURE-----
