-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On Wed, Mar 05, 2003 at 11:00:42AM +0200, Arik Schenkler wrote: > > > Why is Lucre project so interesting?! > > > Please read http://www.philodox.com/modelpaper.html > > And if you have a bit more time: http://www.ibuc.com/pdfs/Geoecon.pdf
> My questions: > > There are two digital bearer systems: > 1. Lucre - where the issuer do not know the coin code. > 2. I$ - where the issuer knows the coin code. Note: All the blinding in Lucrative is done client-side, the mint is agnostic if blinding is done. > Which one is better? Why? Allow me to rephrase your question into "Why anonymous digital bearer instruments? (Instead of non-anonymous ones)" Also, the quotes below use 'digital cash', but the same applies for all DBI. "Anonymous digital cash can be defined as digital cash--for the purpose of allowing personal financial privacy-- that is untraceable and transactions made are unlinkable. Briefly, "untraceable" means a digital cash withdrawal cannot be associated with its subsequent deposit, while "unlinkable" means that it is impossible to associate two different digital cash transactions made by the same person with each other." [JOG] "If the bank knows what is going on in your account, then potentially so can anyone else: the records can be seized, or surreptitiously accessed by computer, or a bank employee can be bribed to make them available. (In this respect, it is useful to note that the system of Swiss numbered accounts was created to protect bank customers from bank employees. Bank employees, observing what occurred in a customer's account, could possibly subject the customer to blackmail.) Anonymity requires first and foremost protection from the prying eyes of the bank." [JOG] Anonymous DBI relies on technology to be anonymous. Not on the believe that the mint will respect your privacy just because they like you. I could go on quoting that whole article, but better read it yourself :) [JOG] = http://www.orlingrabbe.com/dcfutmo.htm Looking forward to your comments, Joris Bontje - -- PGP Key: http://pgp.dtype.org:11371/pks/lookup?op=get&search=0xF19326A9 Key fingerprint = 730D 9B3A F406 F28A 957D 6397 31E8 6D4C F193 26A9 -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.2.1 (GNU/Linux) iD8DBQE+Zc+YMehtTPGTJqkRAhTZAJ4+vrv4VrU5pL9YTcUAGMT83XJbyACeNV2i ut8fO85LDDDzK8sPNNxpYY0= =M+PW -----END PGP SIGNATURE----- --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
