[82402] in Cypherpunks
Re: Hettinga's e$yllogism
daemon@ATHENA.MIT.EDU (Robert Hettinga)
Tue Jun 24 16:46:53 1997
In-Reply-To: <19970624175211.9970.qmail@squirrel.owl.de>
Date: Tue, 24 Jun 1997 15:45:41 -0400
To: cypherpunks@cyberpass.net
From: Robert Hettinga <rah@shipwright.com>
Reply-To: Robert Hettinga <rah@shipwright.com>
At 1:52 pm -0400 on 6/24/97, Secret Squirrel wrote:
> If you tell financial experts that making ecash traceable under court
>order is
> goint to make electronic commerce impossible, they'll laugh. They already
> use systems which are even less private than that.
That's because, like all industrial transaction processes, they're built to
run weak transactions on strong, but private networks. The internet enables
strong transactions on weak, but public networks, which are way cheaper.
Again, *Digital* Commerce *is* Financial Cryptography.
Cheers,
Bob Hettinga
-----------------
Robert Hettinga (rah@shipwright.com), Philodox
e$, 44 Farquhar Street, Boston, MA 02131 USA
"... however it may deserve respect for its usefulness and antiquity,
[predicting the end of the world] has not been found agreeable to
experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
The e$ Home Page: http://www.shipwright.com/
