[Webfunds-users] it works!

Sun Sep 5 10:37:17 1999

Hi Erwin,

I took it he was referring to Chaum and his blinding formula which is
patented.

Ben

> -----Original Message-----
> From: webfunds-users-admin@webfunds.org
> [mailto:webfunds-users-admin@webfunds.org]On Behalf Of E. van der Koogh
> Sent: Sunday, September 05, 1999 5:20 AM
> To: webfunds-users@webfunds.org
> Subject: Re: [Webfunds-users] it works!
>
>
> > > The next question is where are the transactions stored.
> > > They are on both the client and the server, which is why
> > > I say that it is a shared data arrangement.  Neither side
> > > asks the other what the truth is, they both know themselves.
> >
> > How centralized is it?  I notice the client connects to the server for
> > almost every mouse action.  Is it possible to operate in disconnected
> > mode?  I mean, I can write digigold even if I don't have enough, by just
> > saying OK to the warning that I might be overdrawn.  Can I do
> this without
> > being connected to the Internet?
>
> This is not centralised at all. At the moment the client connects to the
> server when making a payment just to synchronize the clocks. This was
> just for ease of programming and will be removed at a later stage :)
> This will be removed before beta is over ;)
>
> Yes you can make a payment while not having enough digigold just like
> you are able to write out a check without having enough funds in your
> account.
>
> > > There are more sophisticated ways to manaage this problem,
> > > for example the use of a blinding formula.  We don't use
> > > it here and now, mostly for architectural reasons (and
> > > also partly for business reasons like the cost of the
> > > patents).
> >
> > What patents?
>
> Ian is referring to the DigiGold patents I assume.
> It's a scheme to withdrawn so-called "coins" from your issuer. It's set
> up so that the issuer does not know from what account the coins are paid
> for, giving more anonymity then SOX, the protocol you are using at the
> moment :)
>
> [snip political stuff..]
>
> Regards,
>
> Erwin
>
>
> _______________________________________________
> webfunds-users mailing list
> webfunds-users@webfunds.org
> http://www.webfunds.org/mailman/listinfo/webfunds-users
>