DBCs now issued by DMT

[R. A. Hettinga]

--- begin forwarded text


Status: RO
Date: Tue, 3 Dec 2002 16:06:12 -0800
Subject: Re: DBCs now issued by DMT
From: Tim May <tcmay at got.net>
To: cypherpunks at lne.com
Sender: owner-cypherpunks at lne.com

On Tuesday, December 3, 2002, at 01:55  PM, Steve Schear wrote:

> 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.
>

Well, on the Modified May Anonymity Scale, where "would take a billion
years to crack" is "good," and where  "will require subverting 20
servers and cracking each's mapping" is "OK," this rates a "takes a
phone call," which makes it "not good."

"Trust us."

Boring. Thinking this is a step in the right direction is like thinking
building a tall tower is a step toward going to the moon.



--Tim May
"The only purpose for which power can be rightfully exercised over any
member of a civilized community, against his will, is to prevent harm
to others. His own good, either physical or moral, is not a sufficient
warrant." --John Stuart Mill

--- 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