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