[cryptography] Nirvana

James A. Donald jamesd at echeque.com
Fri Sep 23 15:16:18 EDT 2011

On Fri, Sep 23, 2011 at 1:46 AM, James A. Donald<jamesd at echeque.com>  wrote:
>> In order to shop, one needs a third party mediating transactions
>> *THEY* should issue certificates. �The Visa certificate should signify "This
>> merchant is trusted by Visa to accept Visa."
>> And further, you should have a client app on your computer for dealing with
>> shared secrets, which is only capable of attempting a visa payment with an
>> entity trusted by Visa.

On 2011-09-23 7:06 PM, Ben Laurie wrote:
> Wasn't that what SET did?

Set was a payments system, not a general purpose communications system 
that happened to be capable of transmitting payments and signing contracts.

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