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"Digital Cash and Monetary Freedom"
Share your thoughts on this paper with the Internet.

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07/27/95: from Linas Vepstas (linas@teleportal.com)
> From linas@teleportal.com Thu Jul 27 23:40:36 1995
> Date: Thu, 27 Jul 1995 23:40:36 -0500
> From: Linas Vepstas < linas@teleportal.com>
> To: bonkydog@sirius.com, digitaliberty@phantom.com, think1st@netcom.com
> Subject: Re: Money
> Cc: linas@teleportal.com
> > Does anybody anybody have a good general
> > list of where to go on the Net to learn
> > more about the technical specifics and
> > implementation possibilities of e-cash?
> > I thought I saw something at WEPIN, but
> > is there anything else?
> Hmmm.
> 1) Digital Liberty should be maintaining such a list on its web pages.
> 2) Understanding cyber-money starts with a good understandning of
> security, privacy, authentication and anonimity in general.
> One reference I have for that is
> http://www-ns.rutgers.edu/www-security/index.html
> and
> http://www.yahoo.com/Computers/Security_and_Encryption/
> and especially
> http://www.yahoo.com/Business/Electronic_Commerce/Digital_Money/
> Surfing around the security lists, you will find pointers
> to the banking technologies, such as ecash.
> 3) The seminal works on anonymous e-cash seem to be a set of papers
> from AT&T, about 3-4 years ago. I can't find the reference to
> these, although I've got them on paper ... highly mathematical,
> highly abstract. These are PhD's doing reserach.
> 4) Someone said something about "back room deals". I don't know
> how many hackers are out on this mailing list .. but ..
> One way of doing an end-run around the back room deals is to
> code up some of this technology, and put it in the public domain,
> for instance, as part of Linux. Several problems with this:
> a) Finding a socialist coder willing to work this. Maybe a genius
> 20-year old college student with time on thier hands? Most
> seasoned hackers who would know how to code this will also
> figure that they can make a buck, and start thier own corporation,
> and keep the technology private.
> b) Say we have the public-domain software. You still have to line
> up TRW, or a bank, that you talk to. Will take time, but could
> work if the software is public domain -- i.e. lots of people are
> motiviated to cut these deals.
> c) Public domain transaction code would be excellent for small cyber
> start-ups. It won't benefit the mainstream, non-tech Windows user.
> d) I represent a (tiny) company that would be interested in participating
> in such an effort. I (we?) would be willing to co-develop such
> software, as well as the business/banking angles to go with it,
> provided that there are four or more other participants. Less than
> that, and the temptation to not share the code is overwhelming.
> Like, where's my sweat-equity?
> 5) Frickin RSA. They hold all the U.S. Patents on public-key encryption,
> and they want big bucks for this. You have to deal with them, like
> it or not, and they are not freindly.
> 6) U.S. Munitions Export laws. Putting electronic cash transaction code
> on the net, in the public domain, would probably be a violation of
> U.S export trade laws. It could land you in jail, and would with 99%
> probability saddle you with a nasty you vs. the feds court case.
> If you think I'm joking, then you are seriously out of touch. Take
> a look at PGP and Phil Zimmerman. And feel free to donate to the
> Phil Zimmerman legal defense fund.
> Still think I'm joking? How about these notes from the NCSA
> development team:
> http://hoohoo.ncsa.uiuc.edu/docs/Upgrade.html
> Removed PEM/PGP hooks so as to comply with ITAR (International Trade in Arms
> Regulations), at the recommendation of the NSA (these hooks will be available on an
> export-controlled ftp server, to be set up soon)
> The NSA wrote a letter to Univeristy of Illinois. Basically, even adding
> simple, no brainer hooks to your code that would enable this technology
> will get you in hot water.
> Ummmmm, I think I withdraw my co-development offer in 4d) above until
> we figure out a way of doing electronic cash without landing in jail.
> (Bill Gates is not going to jail, because neither he, nor Intuit,
> is planning to put financial transaction code on the net, free,
> for all to use. He will export it only under the watchful eyes
> of the NSA. See how your government protects the big corps, and
> screws the little guy?)
> That said, welcome to the merry world of electronic commerce!
> Or should I say,
> "Workers of the world, unite, for you have nothing to loose but your chains!"
> --linas
> Linas Vepstas
> P.S. I'm a newcomer to this list. What the heck is neo-tech?
> Or is this a bad question to ask?

06/14/95: from Gino Smecca (gino.smecca@nt.com)
How can I get the full article?

06/03/95: from John du Pre Gauntt (ag112120@dircon.co.uk)
I would like to read more than just the abstract Is there a way to download the entire article? I'll pay with e-cash :-)

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