On Wed, 25 Sep 2002 16:23:00 -0700 uberhacker <[EMAIL PROTECTED]>
wrote:
>> What retailer would risk his business and/or reputation for the
>> opportunity to hack my account for a couple hundred FeRNs worth
>> of gold? If you spend ten grams at http://www.bananagold.com
>> ( not picking on you jpm ), I still trust the goods to be delivered.
>
>If I'm not mistaken, spending at Bananagold is just spending via
>e-gold's
>SCI - so JPM doesn't nab your pin.
On Wed, 25 Sep 2002 16:23:00 -0700 uberhacker <[EMAIL PROTECTED]>
wrote:
>> What retailer would risk his business and/or reputation for the
>> opportunity to hack my account for a couple hundred FeRNs worth
>> of gold? If you spend ten grams at http://www.bananagold.com
>> ( not picking on you jpm ), I still trust the goods to be delivered.
>
>If I'm not mistaken, spending at Bananagold is just spending via
>e-gold's
>SCI - so JPM doesn't nab your pin.
Whoops! I am not suggesting that Bananagold is snatching anyones pin.
My point was, that you spend to a retailer 10 grams for goods and you
trust that the goods will be delivered, you have accepted the risk
that the goods may not be delivered. At a retail store, you have
the goods in hand when you make the spend.
Again, I am not picking on Bananagold, I was just using them as a retail example. I
would trust Bananagold to deliver the goods. I
trust 1mdc.com to hold gold for me now.
>As far as reputation is concerned, as a security guy I can tell you
>that
>most thefts are inside jobs, the snotty nosed cashier who knows more
>about
>computers than the boss is the one to watch out for - he doesn't
>care about
>the reputation of the company, it's not his.
>
>I used to have connections to people who stole credit card details
>from
>customers at the bars they worked at. Steal enough pins, and only
>rob the
>big boys, and you can outrun being caught for a while.
Yes, you are correct. For me though, the risk of
losing 200 FeRNs worth of gold in my account to the remote
chance of a cashier stealing it is small in comparison to the
convience I would enjoy in being able to spend my gold at a retail outlet. I think
waiting for a 100% secure solution for POS or retail
outlets is retarding the growth of the digital gold economy
into this realm. I also think that checks and balances could
be put into the design of the digital gold server on the back
end to counter hacking and theft.
BTW, this thread was going on in the dgc.chat list and I
responded back to the wrong list.
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