At 08:41 AM 7/19/2004, James A. Donald wrote:
As I predicted, transactions are increasingly going on line.
And as Hettinga predicted, the more anonymous and irreversible the transaction service, the cheaper and more convenient its services. All happening as predicted.
So why don't we have anonymous chaumian cash by now?
Because, the more anonymous and irreversible its services, the more fraudsters use it to convert other people's bank accounts, obtained by phishing, into usable money.
Only if you ignore soft/hard money issues and your internal fraud controls are not up to par.
Why don't we have anonymous e-cash? - because IE and outlook express are full of massive security holes, and because people are idiots.
Or e-currency vendors don't use effective anti-phishing and key logger measures. They do seem to exist.
steve
