[42461] in Cypherpunks
Re: Mark Twain Bank's DigiCash offer
daemon@ATHENA.MIT.EDU (Enzo Michelangeli)
Sat Oct 28 04:38:00 1995
Date: Sat, 28 Oct 1995 16:35:10 +0800 (HKT)
From: Enzo Michelangeli <enzo@ima.com>
To: Andrew Loewenstern <andrew_loewenstern@il.us.swissbank.com>
Cc: Hal <hfinney@shell.portal.com>, cypherpunks@toad.com
In-Reply-To: <9510271546.AA00580@ch1d157nwk>
On Fri, 27 Oct 1995, Andrew Loewenstern wrote:
> The gotcha being that as long as your money is in the "mint" it is not under
> FDIC protection... Just how safe your cash is when it is in the mint is
> entirely related to the security of Mark Twain's systems, which are
> high-profile machines that will surely be subjected to many cracking
> attempts. Some may prefer to keep complete control over their cash and store
> all of it themselves. Unlike physical cash, this stuff can be split up,
> encrypted, and stored in multiple places, possibly offering more security
> than the Mark Twain "mint."
Unfortunately, it also expires (btw, how soon??):
----- 8< ----- quoted from http://www.marktwain.com/digifaq.html ---------
Once the money is on your hard drive, you can hold it (until expiration
date - check this often), or spend it.
--------------------------------------------------------------------------
Enzo
