On Sat, Nov 17, 2001 at 11:25:19PM -0500, Faustine wrote:
> Getting away fron digital cash for a moment, If you'd care to point me to any
> examples of crypto companies really focused and committed to developing
> applications that are commercially appealing to Joe Sixpack AOLuser, I'd be
> interested to hear about them. Is it really such a stretch to say that most

Tim already offered some counterexamples to your claim.

But let's not get away from digital cash for the moment. The reasons
we don't have digital cash are different from the reasons we don't have
widely deployed crypto, say for email or hard drive security. 

Crypto's not-as-extensive-as-possible use is due mostly to deployment
problems, and to a lesser extent user interface problems (ever try to
teach your mom/grandmother to use PGP and manage keys, even with the
plugins?). While algorithms may have changed, the basic approach to
crypto hasn't. Politics isn't standing in the way: Even the US didn't
try to ban crypto after Sep. 11. To crypto-fy a communication, all you
need is two consenting users.

Not so with digital cash. It also suffers from deployment problems, of
course, but far more substantial regulatory ones. You need two
consenting users -- and a tie-in to the banking system (preferable) or
at least some exchange of value (like e-gold) that's sufficiently
trusted. Crypto may peeve the FBI, but widespread digital cash is far
more alarming to governments, which will not permit true digital cash
to be deployed in any popular way. One obvious way to limit its utility
is to restrict its tie-ins with the banking system, or prohibit businesses
within their borders from using it.

That's the crypto winter.

-Declan

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