[cryptography] Nirvana

John Levine johnl at iecc.com
Fri Sep 23 14:08:29 EDT 2011


> Also, what if we had real cryptographic money, with anonymity?  In
> other words: the payments system cannot be the trusted third party
> for everything.

Then malware would steal the crypto wallets.  See Bitcoin.

The fact that most financial systems can unwind bogus transactions
is a feature, not a bug.

R's,
John



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