NODE 7330ec1aRe: A cryptographic alternative to escrow agents (Matts' half coin)
"E. ALLEN SMITH" <EALLENSMITH@ocelot.Rutgers.EDU>Mon, 20 May 1996 20:20:56 +0800
From: IN%"unicorn@schloss.li" "Black Unicorn" 18-MAY-1996 11:46:08.35
>The mint is the escrow agent. It still (obviously) needs to be trusted.
The mint will need to be trustworthy anyway; otherwise, you can get a
"final round" problem in which they print up lots of ecash and spend it before
the value completely plummets, or they get lots of requests to cash existing
ecash in.
-Allen