[48417] in Cypherpunks
Re: Hash trees and bank solvency.
daemon@ATHENA.MIT.EDU (Duncan Frissell)
Mon Jan 29 01:01:52 1996
Date: Sun, 28 Jan 1996 06:53:55 -0500
To: "James A. Donald" <jamesd@echeque.com>, cypherpunks@toad.com
From: Duncan Frissell <frissell@panix.com>
At 09:33 PM 1/27/96 -0800, James A. Donald wrote:
>A hash tree can provide proof to a banks customers that the bank only
>has the amount outstanding that it claims to have, without the need
>for gunmen to check the totals.
Ask Eric Hughes (one of our founders) to describe his Open Books Protocol
for you. You're a few years too late.
DCF
