[42744] in Cypherpunks

home help back first fref pref prev next nref lref last post

Re: ecash remailer

daemon@ATHENA.MIT.EDU (Laurent Demailly)
Thu Nov 2 19:14:06 1995

Date: Fri, 3 Nov 1995 00:49:40 +0100
From: Laurent Demailly <dl@hplyot.obspm.fr>
To: hallam@w3.org
Cc: rajaram@morgan.com (P. Rajaram), cypherpunks@toad.com
In-Reply-To: <9511022231.AA08841@zorch.w3.org>

hallam@w3.org writes:

 > >So, refuse to buy their money.
 > >Demand open systems.
 > One problem a number of people have reported in DigiCash is disappearing 
 > money. Several people have reported that if a transfer is misconfigured
 > the cash can flow out of the wallet, be rejected at the other end and
 > disappear from the system - i.e. misprinted names on cheques mean lost cash!
No. please get first hand facts. I have 'laundered' more than e$
18000, by small amounts of a couple of e$, and *no* bucks were lost(1). I
do have to manually cancel some and to refund ppl from time to time,
and i must admit I'm a bit behind my mail answering about that... but
the money is *not* lost [for everybody]
 > This is bad and they report that Digicash did not respond to their
 > complaints.

They prolly addresses the complaints to the wrong ppl, money does not
disapear as long as you keep the log files to be able to "cancel"
'lost' ebucks

There are/were a couple of small problems with the ecash software, but
no money is lost, as long as you have a consistent file system
[and I think they are working on an "auto recovery/auto cancel"
feature...]

note that there are some problems, initially the proposed shop
software sucked for instance... and writing a better one was a key to
get the system better, maybe it is a bit too early for real bank
also... I think some bugs are still hanging around... but the idea is
great ! [i just wish to have sources/protocol fully disclosed before I
put real money in it...]

ps : I have no interest in digicash whatsoever except being partipant
to the trial and having a small shop {and thus having an fairly large
account ;-)  I wish they give prices to 'good' shops ;-0)}

note1: at least I think no bucks were lost... not a high percentage at
least,... I did had some troubles with the first software version and
managed to *almost* lost stuff, my mismanipulation... but hey... if
your wallet has an hole, of if you throw away your money, you won't
whine to the ATM, would you ?

dl
--
Laurent Demailly * http://hplyot.obspm.fr/~dl/ * Linux|PGP|Gnu|Tcl|...  Freedom
Prime#1: cent cinq mille cent cinq milliards cent cinq mille cent soixante sept

cryptographic PLO Legion of Doom explosion Cocaine Castro Croatian

home help back first fref pref prev next nref lref last post