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On Tue, 12 Nov 2002, Nomen Nescio wrote:
> > > According to this link,
> > > http://www.infoanarchy.org/?op=displaystory;sid=2002/11/11/4183/2039
> > > a new form of digital cash called "yodels" is being
> > > offered anonymously:
On 12 Nov 2002 at 7:31, Steve Schear wrote:
> Correct they are a bearer share issuer, like the Digicash
> licensees before them. They claim to hold value denominated
> in some units of account (in their case DMT) as their asset
> backing. The challenge for Yodel will come in convincing
> potential users that: DMTs have sustainable value, that Yodel
> is really fully backed by DMTs, that Yodel's operators can be
> trusted not to abscond with the value exchanged for Yodels or
> refuse to exchange them for DMTs at some future time. All
> while reamining anonymous. A pretty tall order I should
> think.
Pseudonymous, not anonymous. What is a corporation but a nym?
Any swindling you can do with a pseudonym, you can do with a
corporation.
> At least initially, many Yodel users may want only to use
> them mainly as a mixmaster between DMT accounts.
With e-gold, one can perform one's mixing in a furnace. With
DMT, cryptographic mixes are the only practical solution.
Problem is that most users will not understand cryptographic
mixing, whereas they do understand a furnace.
--digsig
James A. Donald
6YeGpsZR+nOTh/cGwvITnSR3TdzclVpR0+pr3YYQdkG
50wZVsHzWVCcQBwTOHonjfe6YktnJgFEe7CRcnOu
4qPIe4UB2pjTm4BTLInH60M2fku9pH217a/zFX8Jc
