[16417] in cryptography@c2.net mail archive
RE: Your source code, for sale
daemon@ATHENA.MIT.EDU (Ian Grigg)
Thu Nov 18 12:46:19 2004
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
In-Reply-To: <20041105181822.77DE857E2A@finney.org>
Date: Sun, 7 Nov 2004 08:02:50 -0500 (EST)
From: "Ian Grigg" <iang@systemics.com>
To: "Hal Finney" "" <hal@finney.org>
Cc: cryptography@metzdowd.com
Reply-To: iang@systemics.com
> Yes, I'm looking at ideas like this for ecash gambling, but you have
> a who-goes-first problem. One side or the other has to "rip" their
> own cash first, and then the other side can just go away and leave the
> first side screwed. The act of ripping cash is relatively atomic and
> involves a transaction with the ecash mint, so they can't both do it at
> the same time.
>
> I guess the best fix is for each side to rip a little bit of cash at a
> time, so that the guy who goes first only loses a trivial amount if the
> other side aborts. Then after a few rounds both sides are sunk pretty
> deep and both have a strong incentive to complete the transaction.
What is wrong with having a TTP, generally called a
casino?
iang
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