[42019] in Cypherpunks
Re: Chaum's cash: backup?
daemon@ATHENA.MIT.EDU (James A. Donald)
Mon Oct 23 01:55:34 1995
Date: Sun, 22 Oct 1995 22:39:53 +0800
To: "Vladimir Z. Nuri" <vznuri@netcom.com>, cypherpunks@toad.com
From: "James A. Donald" <jamesd@echeque.com>
At 10:04 PM 10/22/95 -0700, Vladimir Z. Nuri wrote:
>say I download $1000 to my hard drive and it crashes. what to do?
>
>if it was like "real" cash, then it really would be lost.
It is really lost.
Your disk drive contains information the bank *cannot* know.
If you do not know that information either, you cannot prove to
the bank or anyone else that you rightfully possess a legitimate coin.
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