[42391] in Cypherpunks
Re: newsweek oct 30 Levy digital cash article
daemon@ATHENA.MIT.EDU (Steven Levy)
Thu Oct 26 19:16:22 1995
Date: Thu, 26 Oct 1995 18:08:12 -0400 (EDT)
From: Steven Levy <steven@echonyc.com>
To: "Vladimir Z. Nuri" <vznuri@netcom.com>
Cc: cypherpunks@toad.com, vznuri@netcom.com
In-Reply-To: <199510262050.NAA00978@netcom23.netcom.com>
>also, my question about whether one loses the downloaded Chaumian bucks
if one's hard drive crashes was answered in the affirmative by Levy.
But as I said, if the drive is backed up you don't lose it. It's my
understanding this is the case with the current Digicash/Twain bucks.
But not necessarily with all implementations.
This "lose your money" with digital cash really does seem to get to
people. I always point out that when you take $ out of an ATM machine,
you don't expect to get it back if you lose it. For those forms of
e-money that are irretrevable when lost users are warned not to download
huge amounts.
Question: will people's worries about losing their e-money lead them to
accept a higher degree of tracibility as a tradeoff?
Steven
