Re: [cryptography] Digital cash in the news...

2011-06-18 Thread coderman
On Fri, Jun 17, 2011 at 4:50 AM, Peter Gutmann wrote: > > Is it a sign that your e-Monopoly-money has arrived when trojans start > targeting it? > > http://www.net-security.org/malware_news.php?id=1752 > > (My guess is that since trojans already steal everything they can, including > lots of stuff

Re: [cryptography] Digital cash in the news...

2011-06-17 Thread Peter Gutmann
Is it a sign that your e-Monopoly-money has arrived when trojans start targeting it? http://www.net-security.org/malware_news.php?id=1752 (My guess is that since trojans already steal everything they can, including lots of stuff with no obvious value, that the authors just added Bitcoin wallets

Re: [cryptography] Digital cash in the news...

2011-06-16 Thread Jeffrey Walton
> On Sun, Jun 12, 2011 at 9:44 PM, James A. Donald wrote: >> On 2011-06-12 8:53 AM, Nico Williams wrote: >> [SNIP] >> Greece is going broke from too much vote buying.  Governments are reluctant >> let Greece go broke, for fear of contagion.  So they lend the Greeks more >> money, which is another

Re: [cryptography] Digital cash in the news...

2011-06-15 Thread James A. Donald
On 2011-06-15 7:58 AM, Nico Williams wrote: Uncivilized state actors will not give a damn about your crypto. They will torture you, your friends, your family. If they can find you. ___ cryptography mailing list cryptography@randombit.net http://lists

Re: [cryptography] Digital cash in the news...

2011-06-14 Thread James A. Donald
On 2011-06-15 7:58 AM, Nico Williams wrote: Let's say you have an unbreakable code. Which we do. But there's still traffic analysis, and even with onion routing and such, you don't know if your peers are ratting you out, If one of the mixers is my own, I know that that mixer is not ratting

Re: [cryptography] Digital cash in the news...

2011-06-14 Thread Nico Williams
On Tue, Jun 14, 2011 at 4:30 PM, StealthMonger wrote: > Nico Williams writes: > >> Crypto will NOT protect you from the state. > > Hmm?  Protection from the state is the very reason some of us are > here.  Even Philip Zimmermann wrote twenty years ago [1] In a pinch crypto will not protect you.

Re: [cryptography] Digital cash in the news...

2011-06-14 Thread StealthMonger
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 Nico Williams writes: > Crypto will NOT protect you from the state. Hmm? Protection from the state is the very reason some of us are here. Even Philip Zimmermann wrote twenty years ago [1] Why Do You Need PGP? ... you may be doing something t

Re: [cryptography] Digital cash in the news...

2011-06-14 Thread Nico Williams
On Tue, Jun 14, 2011 at 4:17 AM, James A. Donald wrote: > On 2011-06-14 2:19 PM, Steven Bellovin wrote: >> In my opinion, the post you >> were replying to is worse than impolite; it's racist crap that >> -- apart from being factually incorrect  -- is utterly irrelevant >> to anything even vaguely

Re: [cryptography] Digital cash in the news...

2011-06-14 Thread James A. Donald
On 2011-06-14 2:19 PM, Steven Bellovin wrote: In my opinion, the post you were replying to is worse than impolite; it's racist crap that -- apart from being factually incorrect -- is utterly irrelevant to anything even vaguely connected to this list. The question is, should we rely on cryptogr

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Nico Williams
On Mon, Jun 13, 2011 at 11:19 PM, Steven Bellovin wrote: > Thank you for saying something.  In my opinion, the post you > were replying to is worse than impolite; it's racist crap that > -- apart from being factually incorrect -- is utterly irrelevant > to anything even vaguely connected to this l

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Danilo Gligoroski
Nicholas Bohm write: >>> Now I find I can exchange a little over five bitcoins for a 50 >>> Amazon gift certificate that Amazon seems happy to credit to my >>> account. Danilo Gligoroski wrote: >> Your example is about two actors: Amazon and BitCoin, acting within >> small amounts of goods, se

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Steven Bellovin
> The idea that race is correlated with crime may be un-PC, but it might > also be correct. Of course, an incorrect theory of race/crime > correlation might be offensive to people who do not subscribe to PC if > the theory were ill-informed, such as by being based on anecdotal > evidence only. B

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Nico Williams
On Mon, Jun 13, 2011 at 8:22 PM, James A. Donald wrote: > On 2011-06-14 1:29 AM, Nico Williams wrote: >> Second, we >> >> don't need to use derogatory terms here.  There's a difference between >> being polite and being PC, > > If someone mugged you, you were mugged by a non asian minority, probabl

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
ObCrypto: sorry, got nothing. This crisis has a lot to do with the fact that Bitcoin is doing well, and suggests demand for other cryptographic solutions. As orthodox places to put your money and perform transactions are increasingly suspect, people are now willing to consider unorthodox pl

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread lodewijk andré de la porte
I get back from vacation and suddenly my inbox is filled with misconceptions. While this is supossed to be a fairly technical mailinglist (about cryptography) it seems clear many people haven't quite understood bitcoins' workings. Let me break it down: * With a private/public key combination you

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Jeffrey Walton
On Mon, Jun 13, 2011 at 9:22 PM, James A. Donald wrote: >>> I was at ground zero of the crisis: Sunnyvale >>> California. >>> >>> And every person I saw buying a seven hundred thousand dollar >>> house was a cat eating no hablo english wetback with no >>> regular job. > > On 2011-06-14 1:29 AM, Ni

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
On 2011-06-14 1:50 AM, Nathan Loofbourrow wrote: After a while you run out of big dumb mortgages, and we did. So the pressure was on to create more of them. Once everyone has a mortgage, or maybe two, you start lending to folks with a risk profile that wasn't so hot anymore. This happened in co

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
I was at ground zero of the crisis: Sunnyvale California. And every person I saw buying a seven hundred thousand dollar house was a cat eating no hablo english wetback with no regular job. On 2011-06-14 1:29 AM, Nico Williams wrote: First, there were plenty of middle class (and better off) peo

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
On 2011-06-13 11:55 PM, Ian G wrote: Um, Adam, that's the very definition of a pyramid scheme :) No-one need lose as long as the size of the user base grows, long term! If bitcoin stabilizes, no one loses. If a pyramid scheme stabilizes, last to invest loses. __

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread John Levine
>> Now I find I can exchange a little over five bitcoins for >> a �50 Amazon gift certificate that Amazon seems happy to >> credit to my account. >Your example is about two actors: Amazon and BitCoin, acting within small >amounts of goods, services and issued currency. No, it's not. There's so

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Nico Williams
On Mon, Jun 13, 2011 at 10:50 AM, Nathan Loofbourrow wrote: > The good old market played a role here too. There are lots of investors > whose risk profile dictates that they should be in "safe" investments, e.g. > pension funds and old people. With the interest rates held on the floor, and > Green

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Nathan Loofbourrow
On Mon, Jun 13, 2011 at 8:29 AM, Nico Williams wrote: > > I particularly agree that CRA and Frannie primarily set in motion the > market dynamic that led to either the bubble itself or its ultimate > size, or both. There's straightforward evidence: total up the amount > in securities sold by Fran

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Nico Williams
On Mon, Jun 13, 2011 at 6:03 AM, James A. Donald wrote: > On 2011-06-13 3:12 PM, Randall Webmail wrote: >> That's right: POOR PEOPLE caused the Current >> Unpleasantness! > > Yes they did.  I was at ground zero of the crisis: Sunnyvale > California. > > And every person I saw buying a seven hundre

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Adam Back
Bitcoin does not have to end with the pyramid scheme outcome - where it stalls and all those still holding any lose - so long as there remain people willing to exchange goods for bitcoin after the dust has settled. Anyway my point is even if the deployment phase is a wild ride, with some winners

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Ian G
On 13/06/11 5:54 PM, Adam Back wrote: Bitcoin is not a pyramid scheme, and doesnt have to have the collapse and late joiner losers. If bitcoin does not lose favor - ie the user base grows and then maintains size of user base in the long term, then no one loses. Um, Adam, that's the very definit

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
On 2011-06-13 3:12 PM, Randall Webmail wrote: > That's right: POOR PEOPLE caused the Current > Unpleasantness! Yes they did. I was at ground zero of the crisis: Sunnyvale California. And every person I saw buying a seven hundred thousand dollar house was a cat eating no hablo english wetback wi

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Danilo Gligoroski
Nicholas Bohm write: > > Now I find I can exchange a little over five bitcoins for > a £50 Amazon gift certificate that Amazon seems happy to > credit to my account. I see the example of an institution (organization, company, entity, ...) willing to happily credit the current value of *wh

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Paul Crowley
On 13/06/11 10:31, James A. Donald wrote: The difference was Fannie, Freddie, and the CRA. This is entirely off topic. Please drop it. -- __ \/ o\ Paul Crowley, p...@ciphergoth.org /\__/ http://www.ciphergoth.org/ ___ cryptography mailing list crypt

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
On 2011-06-13 2:57 PM, Nico Williams wrote: I don't think it's fair to blame private financial institutions for the ill-effects of an ill-advised government plan to subsidize housing ownership by individuals. Without Frannie, CRA, or anything of the sort I don't think we'd have seen the degree o

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread James A. Donald
On 2011-06-13 2:50 PM, John Levine wrote: But that really has nothing to do with the crypto part. You can have crypto out the wazoo, and it's worth nothing unless there's an issuer in meatspace who will accept your crypto coins, cancel them, and hand you the agreed amount of money. But clearly

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Meredith L. Patterson
On Mon, Jun 13, 2011 at 6:50 AM, John Levine wrote: > PS: For anyone who wants a crypto currency backed by gold, that's > functionally equivalent to a gold ETF, of which there are several, > such as ticker symbols IAU, GLD, GTU, SGOL, and AGOL.  They do what > they do perfectly adequately, but the

Re: [cryptography] Digital cash in the news...

2011-06-13 Thread Adam Back
Bitcoin is not a pyramid scheme, and doesnt have to have the collapse and late joiner losers. If bitcoin does not lose favor - ie the user base grows and then maintains size of user base in the long term, then no one loses. I think in the current phase the deflation (currency increasing in value

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nico Williams
On Mon, Jun 13, 2011 at 12:12 AM, Randall Webmail wrote: > That's right: POOR PEOPLE caused the Current Unpleasantness!  The people who > pushed the Liar Loans and the alleged people who packaged those into > securities and the alleged people who gave those securities AAA ratings and > the all

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Randall Webmail
From: "Nico Williams" To: noloa...@gmail.com Cc: "Crypto discussion list" Sent: Monday, June 13, 2011 12:57:58 AM Subject: Re: [cryptography] Digital cash in the news... >Now, financial institutions clearly played a role, but mostly it was a >fee-taking role (since th

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nico Williams
On Sun, Jun 12, 2011 at 11:28 PM, Jeffrey Walton wrote: > I recall Obama boasting: "My Administration is the only thing saving > you from the pitchforks of the American people [sic]" at a banker's > lunch after he took office. On the campaign trail, he received over 1M > USD from Goldman Sachs alo

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread John Levine
>We can therefore see that someone has to make that "worth" mean >something, so for this we need an "issuer" sometimes known as Ivan. >It's beyond the scope of a crypto list to discuss this in depth, but >typically Ivan would deposit $1 for every issued electronic dollar in >some bank account s

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nico Williams
On Sun, Jun 12, 2011 at 11:06 PM, Nathan Loofbourrow wrote: > So a monetary authority is printing BitCoins and spending them on fiscal > stimulus. In spite of that, money is entering the economy because as stores > of value go, the alternatives aren't that great either. Reminds me of the US > doll

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Jeffrey Walton
On Sun, Jun 12, 2011 at 11:54 PM, Nico Williams wrote: > On Sun, Jun 12, 2011 at 10:34 PM, Jeffrey Walton wrote: >> I think Sparta had it right in this instance: put the public officials >> on trial when their term is over, and make them accountable for their >> actions. Its funny how those lesso

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nathan Loofbourrow
Ian G wrote: > The way to do this is a /contract/ which is a defined format of promise to > deliver, date, consideration, etc. You write that down in boring ascii: To your point, each issued BitCoin is a contract -- well, the completion of one, anyway. The contract states as follows: "I have p

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nico Williams
On Sun, Jun 12, 2011 at 10:34 PM, Jeffrey Walton wrote: > I think Sparta had it right in this instance: put the public officials > on trial when their term is over, and make them accountable for their > actions. Its funny how those lessons were lost. Doesn't help. The trials would be political t

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nico Williams
On Sun, Jun 12, 2011 at 9:44 PM, James A. Donald wrote: > On 2011-06-12 8:53 AM, Nico Williams wrote: >> A fiat currency with no capital controls and reasonably free >> trade is probably the best currency system yet.  Details do matter >> though. > > If operated by far sighted men with an eye for

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Jeffrey Walton
On Sun, Jun 12, 2011 at 10:44 PM, James A. Donald wrote: > On 2011-06-12 8:53 AM, Nico Williams wrote: >> >> A fiat currency with no capital controls and reasonably free >> trade is probably the best currency system yet.  Details do matter >> though. > > If operated by far sighted men with an eye

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Ian G
On 13/06/11 12:05 PM, James A. Donald wrote: On 2011-06-13 9:26 AM, Ian G wrote: However. Unless the laws of financial conservation have been repealed by the design, those who follow have to invest a lot and come out with less... Financial conservation does not apply to money. Right, not to

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread James A. Donald
On 2011-06-12 8:57 AM, Ian G wrote: I wrote a paper about John Levine's observation of low knowledge, way back in 2000, called "Financial Cryptography in 7 Layers." The sort of unstated thesis of this paper was that in order to understand this area you had to become very multi-discipline, you had

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread James A. Donald
On 2011-06-12 8:53 AM, Nico Williams wrote: A fiat currency with no capital controls and reasonably free trade is probably the best currency system yet. Details do matter though. If operated by far sighted men with an eye for the long term - for example if operated by a hereditary monarchy.

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread James A. Donald
On 2011-06-12 6:13 AM, John Levine wrote: Useful for something, but not useful for money. I can't help but note that the level of economic knowledge in the digital cash community is pitifully low, and much of what people think they know is absurd. (Anyone who thinks that a gold standard is bette

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread James A. Donald
On 2011-06-11 10:41 PM, Ian G wrote: We expect money to be a store of value, among a few other things. BitCoin has nothing in it that speaks to that goal, that I can see [0]. This anti-property would however make it more ideal for a bubble [1]. All money is a bubble. The non monetary value of

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread James A. Donald
On 2011-06-13 9:26 AM, Ian G wrote: However. Unless the laws of financial conservation have been repealed by the design, those who follow have to invest a lot and come out with less... Financial conservation does not apply to money. If paper currency collapses, and is replaced by gold, those

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Ian G
On 12/06/11 10:55 PM, Nicholas Bohm wrote: Ah well. I joined bitcoin quite early, seeing it as like donating spare cycles to an interesting experiment. I do agree whole heartedly that this is a great fun experiment, and worthy of attention. It has pushed the boundaries of what we've known a

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Nicholas Bohm
On 12/06/2011 13:23, Ian G wrote: On 12/06/11 4:21 PM, Peter Gutmann wrote: Am I the only one who thinks it's not coincidence that the (supposed) major use of bitcoin is by people buying hallucinogenic substances?

Re: [cryptography] Digital cash in the news...

2011-06-12 Thread Ian G
On 12/06/11 4:21 PM, Peter Gutmann wrote: Am I the only one who thinks it's not coincidence that the (supposed) major use of bitcoin is by people buying hallucinogenic substances? The best way to think of this is from the marketing concepts of "product diffusion" or "product life cycle". ht

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Peter Gutmann
"James A. Donald" writes: >There is a small but not totally insignificant chance that after fiat monies >collapse, the world will go bitcoin standard. ITYM: There is a small but insignificant chance that fiat monies will collapse. There is a small but insignificant chance that if this happens

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Ian G
On 12/06/11 8:29 AM, Jeffrey Walton wrote: On Sat, Jun 11, 2011 at 4:13 PM, John Levine wrote: Unlike fiat currencies, algorithms assert limit of total volume. And the mint and transaction infrastructure is decentral, so there's no single point of control. These both are very useful properties.

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Nico Williams
On Sat, Jun 11, 2011 at 3:13 PM, John Levine wrote: > (Anyone who thinks that a gold standard is better than what we have > now, or that the supply of gold is fixed in any but a purely > hypothetical sense, is either ignorant of economic history or shilling > for gold speculators.) +1. A fiat cu

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Kevin W. Wall
;-) On Sat, Jun 11, 2011 at 6:29 PM, Jeffrey Walton wrote: > On Sat, Jun 11, 2011 at 4:13 PM, John Levine wrote: > >>Unlike fiat currencies, algorithms assert limit of total volume. > >>And the mint and transaction infrastructure is decentral, so there's > >>no single point of control. These bo

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Jeffrey Walton
On Sat, Jun 11, 2011 at 4:13 PM, John Levine wrote: >>Unlike fiat currencies, algorithms assert limit of total volume. >>And the mint and transaction infrastructure is decentral, so there's >>no single point of control. These both are very useful properties. > > Useful for something, but not usefu

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread John Levine
>Unlike fiat currencies, algorithms assert limit of total volume. >And the mint and transaction infrastructure is decentral, so there's >no single point of control. These both are very useful properties. Useful for something, but not useful for money. I can't help but note that the level of econo

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Morlock Elloi
BitCoin has only one problem: maintenance of the relationship between unit BitCoin value and the material world (energy, as in KWh) is 'soft', it requires some sort of a volatile communal effort, which sets it for failure (as a counter example, the amount of Au atoms on this planet is rather ind

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Steven Bellovin
On Jun 10, 2011, at 10:16 55PM, John Levine wrote: > In article <021ccba9-9203-4896-8412-481b94595...@cs.columbia.edu> you write: >> http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_100611 > > I wouldn't call bitcoins digital cash

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Ian G
On 11/06/11 9:01 PM, Eugen Leitl wrote: On Sat, Jun 11, 2011 at 03:58:07PM +1200, Peter Gutmann wrote: "John Levine" writes: I wouldn't call bitcoins digital cash. They're more like digital tulip bulbs, Finally an analogy I can use to explain bitcoin to the masses (well, assuming they know

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Ian G
On 11/06/11 7:42 PM, Eugen Leitl wrote: On Sat, Jun 11, 2011 at 02:16:55AM -, John Levine wrote: In article<021ccba9-9203-4896-8412-481b94595...@cs.columbia.edu> you write: http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_10

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Eugen Leitl
On Sat, Jun 11, 2011 at 03:58:07PM +1200, Peter Gutmann wrote: > "John Levine" writes: > > >I wouldn't call bitcoins digital cash. They're more like digital tulip > >bulbs, > > Finally an analogy I can use to explain bitcoin to the masses (well, assuming > they know about the tulip mania).

Re: [cryptography] Digital cash in the news...

2011-06-11 Thread Eugen Leitl
On Sat, Jun 11, 2011 at 02:16:55AM -, John Levine wrote: > In article <021ccba9-9203-4896-8412-481b94595...@cs.columbia.edu> you write: > >http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_100611 > > I wouldn't call bitcoins digi

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread James A. Donald
On 2011-06-11 3:12 PM, James A. Donald wrote: On 2011-06-11 1:58 PM, Peter Gutmann wrote: I wouldn't call bitcoins digital cash. They're more like digital tulip bulbs, Misattribution, that was John Levine, not Peter Gutman. ___ cryptography mailing l

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread James A. Donald
I wrote: Therefore the market is valuing the chance that the world will go to a bitcoin standard at I meant to say: Therefore the market is valuing the chance that the world will go to a bitcoin standard at two chances in a million, which sounds about right to me. __

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread James A. Donald
On 2011-06-11 1:58 PM, Peter Gutmann wrote: I wouldn't call bitcoins digital cash. They're more like digital tulip bulbs, Monetary value is always speculative. It depends on the expectation that they will be used as money. There is a small but not totally insignificant chance that after fi

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread John Levine
>Finally an analogy I can use to explain bitcoin to the masses (well, assuming >they know about the tulip mania). I've been using Bartercard, which is a good >analogy but somewhat limited in international recognition. Read the full rant: http://jl.ly/Money/bitcoin.html R's, John __

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread Peter Gutmann
"John Levine" writes: >I wouldn't call bitcoins digital cash. They're more like digital tulip bulbs, Finally an analogy I can use to explain bitcoin to the masses (well, assuming they know about the tulip mania). I've been using Bartercard, which is a good analogy but somewhat limited in in

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread Peter Gutmann
Steven Bellovin writes: >http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_100611 My response to this when it came up on the cpunx list: Coming up next week, "The Bitcoin-based Child Porn Market". And don't miss our exciting futu

Re: [cryptography] Digital cash in the news...

2011-06-10 Thread John Levine
In article <021ccba9-9203-4896-8412-481b94595...@cs.columbia.edu> you write: >http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_100611 I wouldn't call bitcoins digital cash. They're more like digital tulip bulbs, or bearer shares of

[cryptography] Digital cash in the news...

2011-06-10 Thread Steven Bellovin
http://gcn.com/articles/2011/06/09/bitcoins-digital-currency-silk-road-charles-schumer-joe-manchin.aspx?s=gcndaily_100611 --Steve Bellovin, https://www.cs.columbia.edu/~smb ___ cryptography mailing list cryptography@randombit.net htt