Geodesic Payment Systems? (was Re: Meeting notes from ANSI X.9 Meeting on Electronic Payment)

[nelson@crynwr.com (Russell Nelson)]

Nathaniel Borenstein writes:

 > A true geodesic structure is self-supporting and self-structuring.  A
 > cryptographic infrastructure can and should be similar, I agree
 > completely.  However, a *monetary* infrastructure needs convertability,
 > and the points of conversion are always the best targets of attack for
 > criminals.

Ah!  You mean the criminals seeking to exploit the conversion, not
criminals using the anonymity of the system for income secrecy.  I got
a little confused right there.

-russ <nelson@crynwr.com>    http://www.crynwr.com/~nelson
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