On Tue, 2008-11-04 at 06:20 +1000, James A. Donald wrote: If I understand Simplified Payment Verification correctly: New coin issuers need to store all coins and all recent coin transfers. There are many new coin issuers, as many as want to be issuers, but far more coin users.
[Lengthy exposition of vulnerability of a systm to use-of-force monopolies ellided.] You will not find a solution to political problems in cryptography. Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting
List Moderator's Edict of the Day: A bunch of people seem anxious to branch the discussion of cryptographic cash protocols off into a discussion of the politics of money. I'm a rabid libertarian myself, but this isn't the rabid libertarian mailing list. Please stick to discussing either the