Re: All our eggs in one basket?

> What would happen if your bank suddenly told you that it had no proof that
> you really had an account there?
> 

> Wonderer
> 


Theoretically, this problem is prevented by using protocols that incorporate  
non-repudiation mechanisms.  The bank wound not be able to make such a claim.   
Or, another way of saying it,  were the bank to make such a claim, you would be  
able to prove them wrong.  


However, proving them wrong while also retaining your anonymity may be a trick.   
It would depend on the design of the non-repudiation mechanisms.

How do you prove to a third party that someone is falsely repudiating a valid  
contract or transaction without revealing any information about yourself?

Conversely, how do you defend yourself against false claims of repudiation  
without revealing any information about yourself?  After all, someone might try  
to discover your identity by making false claims about you, and forcing you to  
defend yourself.  (Sound familiar?)


Jim_Miller@suite.com

Jim Miller says:
> However, proving them wrong while also retaining your anonymity may
> be a trick.

If all transactions require digitally signed confirmation from the
bank, you have an audit trail from them that they can't deny was theirs.

Perry