[118418] in Cypherpunks
e-gold: Announcing Droplets
daemon@ATHENA.MIT.EDU (Robert Hettinga)
Mon Sep 27 09:00:49 1999
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Message-Id: <v04210173b41515d095f4@[204.167.100.139]>
Date: Mon, 27 Sep 1999 08:38:58 -0400
To: Digital Bearer Settlement List <dbs@philodox.com>, dcsb@ai.mit.edu,
cryptography@c2.net, cypherpunks@cyberpass.net
From: Robert Hettinga <rah@shipwright.com>
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Reply-To: Robert Hettinga <rah@shipwright.com>
--- begin forwarded text
From: "Tyler Close" <tyler@waterken.com>
To: <e-gold-list@free-market.net>
Subject: e-gold: Announcing Droplets
Date: Mon, 27 Sep 1999 04:35:40 -0400
Sender: owner-e-gold-list@free-market.net
Hi all,
I just finished my 1.0 work on Droplets, the web based capability environment
that I've been working on. I am announcing it's release on this list
because the
product includes an implementation of the e-gold SCI. The part of the product
that handles the e-gold SCI is being released as Open Source under the Mozilla
license.
There are a few things about the Droplets environment that I think the readers
of this list will find interesting. Since Droplets is a capability environment,
it supports creation of erights and smart contracts. The Droplets environment
also includes an Open Source implementation of Mark Miller's ERTP (Electronic
Rights Transfer Protocol) (http://www.erights.org).
When you put together the e-gold SCI and the ERTP you get something
pretty neat.
You can use the SCI to exchange e-gold for erights, then, using the ERTP
protocol, you can do instantaneous, double blind transactions. By double blind,
I mean that buyer and seller can be complete strangers and execute a secure
transaction without learning the other's identity. Since the software is web
based (there is no software download), the transaction is not blind for the
server. You have to trust the server not to log your transactions; however, if
you can accept this one trust relationship, then you can do blind transactions
with everyone else.
The Droplets environment also has a bunch of other neat properties.
I've created
a demo/tutorial application called Beach Sex that is running on my site
(http://www.waterken.com). It will teach all about erights and smart contracts.
(It's called Beach Sex because it lets you trade erights that represent sexual
consent. Gotta have a gimmick ;)
I also have a product licensing application running on my site that sells
Waterken Inc. software license certificates for e-gold.
If you like what you see, I'd appreciate help with the word of mouth
advertising. It would also be nice if I could get a write-up on the main e-gold
site.
Tyler
--- end forwarded text
-----------------
Robert A. Hettinga <mailto: rah@ibuc.com>
The Internet Bearer Underwriting Corporation <http://www.ibuc.com/>
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'
