DBCs now issued by DMT

[R. A. Hettinga]

I suppose that if it's not blinded, or at least functionally anonymous,
like you'd get with statistically-tested streaming cash, it's not *that*
bearer, but, hey, that's just *my* opinion, right?

:-).

I would assume that anything that has accounts with client names on them is
probably not bearer, either, though Mark Twain did something quite like
that.

Which, not coincidentally, brings us back to the loading problem. Most of
us who think about these things have gotten to the point that Doug Barnes
got to with his "Mondex" talk at the FC97 rump-session: that is, you need a
popular internet payment system to collateralize/load whatever bearer
certificate you issue, and the faster that settles, the better.

We're getting there, maybe even faster than we think.

Cheers,
RAH

--- begin forwarded text


Status: RO
Date: Tue, 03 Dec 2002 13:55:54 -0800
To: cypherpunks at lne.com
From: Steve Schear <schear at attbi.com>
Subject: DBCs now issued by DMT
Sender: owner-cypherpunks at lne.com

Digital Monetary Trust now supports Digital Bearer
Certificates.  https://196.40.46.24/dmtext/jog/dmt_bearercert.htm Although
the DBC are not blinded, DMT claims it maintains no client data on its
accounts so there is a modicum of anonymity in transactions.

steve

A State must pay attention to virtue, because the law is a covenant or a
guarantee of men's just claims, but it is not designed to make the citizens
virtuous and just
-- Aristotle

--- end forwarded text


-- 
-----------------
R. A. Hettinga <mailto: rah at ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'

---------------------------------------------------------------------
The Cryptography Mailing List
Unsubscribe by sending "unsubscribe cryptography" to majordomo at wasabisystems.com