-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 IMO the ultimate offline money would be not just a file but a micro-computer capable of holding a public private key pair and decrypting and encrypting information and transmitting it to verifiers. This assumes that computing and communication costs are greatly reduced.
The verifier would collect the public key from the money and communicate with the mint to check the value registered to it. The verifier would then generate a session key, encrtpy it with the public key and transmit it to the money, that would decrypt it and send it back, showing that it controls the private key. This verifies the money. The micro-computer would be set in tamper evident packaging to prevent theft of the private key. The micro-computer could also re-generate public private key pairs, so that individuals could transfer value into account based money re-generate the public private keypeir, then transfer the value back to the micro-computer. -----BEGIN PGP SIGNATURE----- Version: PGPfreeware 7.0.3 for non-commercial use <http://www.pgp.com> iQA/AwUBPDQL9hNDEcR4nEncEQLdrgCg2AhzLT2nfbhtp3G78KbfFqsq4ZQAn0jj LCmM0RgrqfZpfulPxI1VfCIC =uHcB -----END PGP SIGNATURE----- --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
