Re: Questions/Comments on ecash protocol

[shamrock@netcom.com (Lucky Green)]

At 22:40 12/2/95, Michael Froomkin wrote:
>thank you for the sterling analysis.  I for one am following this with
>enormous interest, even though some of the details are lost on me right now.

[Well done, Ian!]

[...]

>1) What information about Charlie/customer is encoded onto the coin?

None.

>(There must be some, right, since the serial number is blinded?)  Since the
>bank doesn't know what serial number it is signing, it needs to put info
>about Charlie onto the coin so that it can track him down if he double
>spends.  Lacking such info, the bank can refuse to honor a double-spent
>coin, but has no way to know who the double-spender is.

Since an online clearing protocol is being used, the bank has no need to
identify double spenders. The bank will simply refuse to honor a double
spent coin. In fact, cancelling a payment in this protocol is done by just
depositing the coin yourself.

>3) Is there a way [how hard is it] for charlie to extract a coin and
>either
>   (i) copy it and/or
>
>   (ii) send it to David [3rd party] in such a way
>that David could insert it into David's MTB software and then spend it to
>Sam without Sam or the Bank noticing that anything was wrong.  If Charlie
>and David do this, David now has a coin that is from his point of view
>both payee and payor anonymous, although Charlie has a risk that David
>will double-spend and expose Charlie to the bank's wrath.

I can't help the feeling that I am missing something whenever you bring up
this question. Assuming it could be done. What would David gain? He as the
payor is anonymous to Sam either way. Sam still would have to be worried
about being identified, since if Charlie gives David access to Charlie's
wallet, it is safe to assume that Charlie will give David (and the mint)
access to his blinding factor. Which in turn would reveal Sam as the payee.

The protocol you suggest gives the parties exactly what they would have if
they just used Ecash "out of the box": full payor anonymity, no payee
anonymity. So why bother?

<insert standard disclaimer here>


-- Lucky Green <mailto:shamrock@netcom.com>
   PGP encrypted mail preferred.