[41948] in Cypherpunks
Re: digital cash and identity disclosure
daemon@ATHENA.MIT.EDU (Olmur)
Sat Oct 21 17:03:51 1995
Date: Sat, 21 Oct 95 14:35 MET
From: olmur@dwarf.bb.bawue.de (Olmur)
To: Michael Froomkin <froomkin@law.miami.edu>
Cc: cypherpunks@toad.com
In-Reply-To: <Pine.SUN.3.91.951020220855.25323J-100000@viper.law.miami.edu>
>>>>> "Michael" == Michael Froomkin <froomkin@law.miami.edu> writes:
Michael> i would like to propose the following radical idea: Chaumian
Michael> digicash is a nice curiosity. The future in the mdeium term
Michael> (10+ years) for better or worse belongs to Mondex.
Michael> Comments?
Mondex keeps their protocols confidential. Not so good to establish
trust in the system.
I also heart _rumours_, that several things went wrong in their
current field-test. Reminds me that I should go after these rumors.
Additionally several banks begin to establish their own e-cash
systems. E.g. in Germany from 1st January 1997 on nearly every
bank-customer will have an electronic-purse.
The main problem with e-cash proposed by Chaum et al. is that current
SmartCards are not powerful enough to handle the needed computation in
a timely fashion.
The purse proposed by the german banks you have a simple counter on
your SmartCard. With this system you _must_ have identification of
payer and payee to clear malfunctions or frauds by either party.
Bye!
Michael Deindl
