[44707] in Cypherpunks
Geodesic Payment Systems? (was Re: Meeting notes from ANSI X.9 Meeting on Electronic Payment)
daemon@ATHENA.MIT.EDU (Russell Nelson)
Tue Dec 5 10:04:12 1995
Date: Tue, 5 Dec 95 09:57 EST
From: nelson@crynwr.com (Russell Nelson)
To: cypherpunks@toad.com
In-Reply-To: <gkl58I2Mc50eBlRA1y@nsb.fv.com>
Nathaniel Borenstein writes:
> A true geodesic structure is self-supporting and self-structuring. A
> cryptographic infrastructure can and should be similar, I agree
> completely. However, a *monetary* infrastructure needs convertability,
> and the points of conversion are always the best targets of attack for
> criminals.
Ah! You mean the criminals seeking to exploit the conversion, not
criminals using the anonymity of the system for income secrecy. I got
a little confused right there.
-russ <nelson@crynwr.com> http://www.crynwr.com/~nelson
Crynwr Software | Crynwr Software sells packet driver support | PGP ok
11 Grant St. | +1 315 268 1925 voice | Flushing, NY. Not just a suburb,
Potsdam, NY 13676 | +1 315 268 9201 FAX | it's a good idea in general.
