[18711] in cryptography@c2.net mail archive
Re: [fc-discuss] Financial Cryptography Update: On Digital Cash-like
daemon@ATHENA.MIT.EDU (David Alexander Molnar)
Thu Oct 20 16:53:43 2005
X-Original-To: cryptography@metzdowd.com
X-Original-To: cryptography@metzdowd.com
Date: Thu, 20 Oct 2005 13:43:08 -0700 (PDT)
From: David Alexander Molnar <dmolnar@EECS.berkeley.EDU>
To: cyphrpunk <cyphrpunk@gmail.com>
Cc: cryptography@metzdowd.com, cypherpunks@jfet.org,
"Daniel A. Nagy" <nagydani@epointsystem.org>
In-Reply-To: <792ce4370510201131o6e1a2fa0x543a60a566a56a00@mail.gmail.com>
On Thu, 20 Oct 2005, cyphrpunk wrote:
> system without excessive complications. Only the fifth point, the
> ability for outsiders to monitor the amount of cash in circulation, is
> not satisfied. But even then, the ecash mint software, and procedures
> and controls followed by the issuer, could be designed to allow third
> party audits similarly to how paper money cash issuers might be
> audited today.
One approach, investigated by Hal Finney, is to run the mint on a platform
that allows remote attestation. Check out rpow.net - he has a working
implementation of a proof of work payment system hosted on an IBM 4758.
-David Molnar
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