[42417] in Cypherpunks
Re: newsweek oct 30 Levy digital cash article
daemon@ATHENA.MIT.EDU (Steve Bryan)
Fri Oct 27 03:05:24 1995
Date: Fri, 27 Oct 1995 02:05:18 -0500
To: Steven Levy <steven@echonyc.com>
From: Steve Bryan <sbryan@maroon.tc.umn.edu> (Steve Bryan)
Cc: cypherpunks@toad.com, Ecash Support Team <ecash-support@digicash.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=20
>understanding this is the case with the current Digicash/Twain bucks. =20
>But not necessarily with all implementations.
>
>This "lose your money" with digital cash really does seem to get to=20
>people. I always point out that when you take $ out of an ATM machine,=20
>you don't expect to get it back if you lose it. For those forms of=20
>e-money that are irretrevable when lost users are warned not to download=20
>huge amounts.=20
>
>Question: will people's worries about losing their e-money lead them to=20
>accept a higher degree of tracibility as a tradeoff? =20
I have a question about Digicash that I haven't seen addressed. I've=
participated in the beta test but have to admit I didn't use it with great=
frequency. I only downloaded $10 at a time. What surprised me was that one=
time I was informed that the money I had downloaded had expired. I was able=
to go back and pick up more but am perplexed with what happenned in that=
case. Does digicash actually age and disappear if not used soon enough?
-Steve Bryan
