On Sun, 12 May 2002, R. A. Hettinga wrote:
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> At 8:31 PM -0700 on 5/11/02, [EMAIL PROTECTED] wrote:
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>
> > 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.
Interesting but not equitable examples.
In the first Andy and Betty know each other, and there are no 3rd parties
involved.
In the second Andy doesn't know Betty, or how many parties are involved.
--
____________________________________________________________________
The law is applied philosophy and a philosphical system is
only as valid as its first principles.
James Patrick Kelly - "Wildlife"
[EMAIL PROTECTED] www.ssz.com
[EMAIL PROTECTED] www.open-forge.org
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