[637] in Cypherpunks
Digital cash issuess...
daemon@ATHENA.MIT.EDU (Eric Hughes)
Wed May 26 19:43:08 1993
Date: Wed, 26 May 93 16:25:41 -0700
From: Eric Hughes <hughes@soda.berkeley.edu>
To: cypherpunks@toad.com
In-Reply-To: Sneal's message of Wed, 26 May 93 15:58:20 MDT <9305262158.AA28845@muskwa.ucs.ualberta.ca>
>As a consequence, our
>cash system is much more efficient in both computation and
>communication complexity than previously proposed systems."
I take this with a grain of salt; see below.
>In our opinion, the most interesting of
>these is that the entire cash system (including all the extensions)
>can be incorporated straightforwardly in a setting based on wallets
>with observers,
I am not surprised that they find this interesting; David Chaum has
patented all the observer protocols.
Having read these protocols in the original, I can say this is not
much of an advantage. The observer protocols are tremendously
expensive computationally. Anything you build on top of it won't be
any faster.
Eric
