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At 8:31 PM -0700 on 5/11/02, [EMAIL PROTECTED] wrote:


> Another interesting application is controlled traceability --
> Andy wants to be able to prove he paid Betty, but he does not want
> third parties to be able to prove he paid Betty.

One of the weird things that occurred to us when we were plinking
around at CREST was the fact that you could pay stamp duty on a stock
trade in cash and prove that the trade happened, but not *who*
executed it. You just keep streaming cash at the FSA, and, in theory
(riiight...) everything's okay.

Cheers,
RAH


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-- 
-----------------
R. A. Hettinga <mailto: [EMAIL PROTECTED]>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'

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