At 1:55 PM -0800 on 12/3/02, Steve Schear wrote:

> Digital Monetary Trust now supports Digital Bearer
> Certificates.  https://196.40.46.24/dmtext/jog/dmt_bearercert.htm Although
> the DBC are not blinded, DMT claims it maintains no client data on its
> accounts so there is a modicum of anonymity in transactions.

I suppose that if it's not blinded, or at least functionally anonymous,
like you'd get with statistically-tested streaming cash, it's not *that*
bearer, but, hey, that's just *my* opinion, right?

:-).

I would assume that anything that has accounts with client names on them is
probably not bearer, either, though Mark Twain did something quite like
that.

Which, not coincidentally, brings us back to the loading problem. Most of
us who think about these things have gotten to the point that Doug Barnes
got to with his "Mondex" talk at the FC97 rump-session: that is, you need a
popular internet payment system to collateralize/load whatever bearer
certificate you issue, and the faster that settles, the better.

We're getting there, maybe even faster than we think.

Cheers,
RAH


-- 
-----------------
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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